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(Studio) October unemployment rate discussed.
REPORTER: Peter Jennings
(NYC) Number steel mills, auto plants closing in past 2 years noted; number factory workers losing jobs as result of industry slump and call for national industrial policy to support nation's essential industry examined. [Walter MONDALE - calls for such policy.] Movement for government aid to vital industries cited; discussion of issue in Harvard professor Robert B. Reich's "The Next American Frontier" examined. [REICH - proposes alternatives to government writing blank check.] Japan's development of economy based on investments in high growth industries considered. [Gary HART - outlines his industry policy.] [Charles SCHULTZE - disagrees with need for new industry policy; explains.] [Treasury Secretary Don. REGAN - agrees.] Probability that political pressure for such policy will continue to increase noted.
REPORTER: Dan Cordtz
- Cordtz, Dan;
- Jennings, Peter
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