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Economy: Troubled Times / Inflation, Housing, Banks #898733

CBS Evening News for Wednesday, Jul 16, 2008
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(Studio: Katie Couric) The troubling economic news briefly reviewed; details given about inflation, housing and banking.

(Los Angeles: Ben Tracy) The role of inflation in the current economy examined; scenes shown from Los Angeles; statistics cited. [Apple Pan Restaurant owner Sunny SHERMAN†, two CUSTOMERS, Chase KING†- worry about bills.]

(Studio: Katie Couric) Report introduced.

(Mt. Vernon, New York: Anthony Mason) The housing market examined; details given about a proposed housing stimulus bill. [Home builder Dean MON†- worries about the bleak years.] [PNC Financial Services Group economist Stuart HOFFMAN†- backs the idea of federal legislation.] Talk of another round of tax rebates discussed.

(Studio: Katie Couric) The FBI investigation of the failed IndyMac Bank noted.

(Los Angeles: Bill Whitaker) The issue of the soundness of banks examined; details given from a bank checklist: FDIC insurance; high interest rates and stock prices. [Institutional Risk Analytics director Dennis SANTIAGO†- says you have to do your homework.]

Couric, Katie;
Tracy, Ben;
Mason, Anthony;
Whitaker, Bill

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