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Economy / Cost of Living #882508

CBS Evening News for Wednesday, Jan 16, 2008
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(Studio: Katie Couric) The turbulent times in the economy introduced; inflation figures cited.

(New York: Anthony Mason) The economic troubles with the consumer cutting back and having credit problems examined; details given of the reported losses for Wells Fargo Bank and JPMorganChase; statistics on credit card delinquencies cited. [Standard and Poor's bank analyst Frank BRADEN†- assesses the economic factors.] [Senator Edward KENNEDY - says the recession is here.] [Brookings Inst. economist Doug ELMENDORF†- says the stimulus has to be targeted.]

(Studio: Katie Couric) Report introduced.

(Bellwood, Illinois: Cynthia Bowers) The impact of inflation on the average American examined. [Chicagoan Theresa Welsh DAVIS††- comments on her personal finances.]

Couric, Katie;
Mason, Anthony;
Bowers, Cynthia

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