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A Closer Look (The Ripple Effect) #922352

ABC Evening News for Monday, Feb 16, 2009
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(Studio: Diane Sawyer) Bureau of Labor Statistics statistics on jobs lost in January cited.

(Studio and Marlton, New Jersey: Betsy Stark) The ripple effect of rising unemployment on different sectors of the economy examined; scenes shown from Marlton, New Jersey, to illustrate what happens after one job is lost. [Unemployed bank sales manager and wife Jason and Nikki POLES†, Redstone Grill manager Scott WEBER†, bartender Heather CLOUD†- talk about their spending adjustments.] How this "multiplier effect" should kick in when businesses start hiring again outlined and how the tax cuts should help get the money into the economy discussed.

Sawyer, Diane;
Stark, Betsy

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