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Money Watch (Jobs / Recession) #898475

CBS Evening News for Friday, Mar 07, 2008
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(Studio: Katie Couric) Latest Labor Department statistics on job losses and unemployment cited.

(New York Stock Exchange: Anthony Mason) The job losses as a sign the economy is in a recession examined; scenes shown of the closed-down American Standard plant in Tiffin, Ohio; statistics on specific industries cited; details given about the tax rebate program; diagram shown of a “W” recession. [Unemployed worker Ron FATZINGER†- comments on business going overseas.] [Moody’s Mark ZANDI†- comments on gas prices.] [President BUSH – says we provided the economy with a booster shot.] [Standard and Poor’s economist David WYSS†- says it will be a slow turn.]

Couric, Katie;
Mason, Anthony

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