CBS Evening News for Wednesday, Jul 16, 2008
View other clips in this broadcast →
(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.]