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Economy: Recession #882267

ABC Evening News for Thursday, Jan 10, 2008
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(Studio: Charles Gibson) The retail sales figures for December reported.

(Studio; Betsy Stark) A promise from Federal Reserve Board chairman Ben Bernanke to cut interest rates to keep the country out of recession examined; details given about what constitutes a recession, how consumers may respond to economic fears and how the cycle works. [Former Federal Reserve Board chairman Alan GREENSPAN††, Senator Hillary CLINTON, MAN, Senator Harry REID, WOMAN - say "recession."] [Economic Cycle Research Inst. Lakshman ACHUTHAN†- says we won't know when it starts.] [Golden Gate University consumer psychologist professor Kit YARROW†- cites the fear.] [On the street, two WOMEN - react.]

(Studio: Charles Gibson) Stock Market Report.

Gibson, Charles

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