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Economy: Recovery / Hamtramck, Michigan #977228

CBS Evening News for Friday, Jul 30, 2010
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(Studio: Katie Couric) GDP figures cited; graph shown.

(Studio: Anthony Mason) Concern that the economic recovery is stalling examined; statistics on output and jobs regained cited; scenes shown of President Obama checking out a GM car in Detroit; profits for Ford cited. [Economic Cycle Research Institute Lakshman ACHUTHAN†- notes the disconnect between output and jobs.] [Blinds.com CEO Jay STEINFELD†- says business is really good.] [OBAMA – says we are coming back.] [Ford CEO Alan MULALLY††- says people are starting to feel we’re on the road to recovery.] Facebook question on the role of the media discussed.

(Studio: Katie Couric) Report introduced.

(Hamtramck, Michigan: Jim Axelrod) The recognition in Hamtramck, Michigan that its economy cannot rely solely on the auto industry featured; details given about the boost from Chevrolet’s decision to manufacture the Volt there and the blow from the downsizing of American Axle and Manufacturing. [Srodek's sausage shop Rachel SRODEK††- comments on buying a house.] [UAW Local 22 president George McGREGOR†- says we’re on a rise.] [Mayor Karen MAJEWSKI†- comments on the nature of the auto industry.]

Reporter(s):
Couric, Katie;
Mason, Anthony;
Axelrod, Jim
Duration:
00:05:30

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