This program is 26 minutes long
#26784
(Studio) President announces Phase IV of economic programs.
REPORTER: Harry Reasoner
(DC) Treasury Secretary George Shultz formally announces economic plan. [SHULTZ - says Phase IV is tough plan to curb inflation and stabilize prices.] [REPORTER - asks if Shultz knows how high food prices may go.] [SHULTZ - states no certain figure but alludes to very high prices. Says suppliers won't continue to produce if price leaves no room for profit. Must let prices go.] Freeze lifted on food, health service. Ind. may raise prices on limited basis and stretched over mos. Fuel ceilings in effect. No additional export controls. Wages continue to be raised on 5.5% guideline. No new tax increases planned.
REPORTER: Herbert Kaplow
#26785
(Studio) Commerce Department says personal income in United States increases 9.6% over 1 year Matches rate of inflation. Personal income up .8% for June.
REPORTER: Harry Reasoner
#26786
(Studio) Treasury Department and Fred. Reserve Bd. give support to dollar falling in value on foreign money mkts. To boost dollar.
REPORTER: Harry Reasoner
#26787
(Studio) Airlines caught in dollar squeeze just as tourists planning to vacation in Europe.
REPORTER: Harry Reasoner
(Kennedy Airport, New York) Should have been big year for airlines, but people not traveling. Every 747 jet that's not filled means more losses. Transatlantic carriers worst hit because of fewer tourists abroad. Pan American,American, United, Trans World Airlines, Inc. (TWA) lost millions during 1st 5 mos. Europeans find money more valuable so they fly to United States to vacation. Airlines say consumer uncertainty reason for less travel. Transatlantic flights cut cost almost 1/2 to lure more customers. Airlines say inflation biggest concern since air travel considered luxury. If flights don't pick up, costs to go up.
REPORTER: Jules Bergman
#26790
(Studio) Differing testimony on Liddy's Watergate plan approval. Dep. director for reelection committee Jeb Magruder says John Mitchell, former Attorney General, approved plan. Mitchell denies. Former White House aide Fred. LaRue tells Senate Watergate committee another version.
REPORTER: Harry Reasoner
(Capitol Hill) LaRue admits own involvement in Watergate, [LaRUE - states at March 30 meeting LaRue told Mitchell Gordon Liddy's Watergate plan too risky. Mitchell said matter could be decided at another meeting] [Senator Sam DASH - concludes Mitchell didn't reject Liddy's plan outright.] LaRue confirms. [LaRUE - reports 2 days after Watergate burglary Mitchell said Jeb Magruder's files might be better off if there was a fire.] 2nd witness Anthony Ulasewicz allegedly distributed $219,000 to Watergate defendants' families and their lawyers. [Former NYC policeman ULASEWICZ - reports former Nixon attorney Herbert Kalmbach said money for humanitarian purpose.] [Assistant majority cnsl. Terry LENZER - asks if conversations occurred in telephone booths between Ulasewicz and Kalmbach.] Ulasewicz confirms. [LENZER - asks if carried change for calls and how he carried it.] [ULASEWICZ - tells how changemaker used for calls.] When Mrs. Howard Hunt began voicing money demands Ulasewicz talked to Kalmbach. [ULASEWICZ - tells of conversation with Kalmbach. Urged Kalmbach to get out of mess. Something not right.] [Assistant minority cnsl. William SHURE - asks if Mrs, Hunt's demands and Kalmbach's fund increases became so vast that it became evident money was used for something besides family support and lawyers.] Ulasewicz agrees. [Senator Lowell WEICKER - asks Ulasewicz where all Watergate defendants are now. [ULASEWICZ - says all in prison and Mrs. Hunt dead.] [WEICKER - states Ulasewicz's part in Watergate cover-up no joke. Great tragedy.] Ulasewicz to return at later date before Senate Watergate committee
REPORTER: Sam Donaldson
#26792
(Studio) Press Secretary Ronald Ziegler announces no decision on turning over White House tapes to Senate Watergate committee Says no one reviewing tapes to his knowledge.
REPORTER: Harry Reasoner
#26793
(Studio) Federal Communications Commission asks American Telephone and Telegraph (AT&T) to determine if White House violated regulations in recording conversations.
REPORTER: Harry Reasoner
#26794
(Studio) News on Nixon's White House tapes raises questions on previous President' actions.
REPORTER: Harry Reasoner
(White House) Former President Johnson staff members say they could and did automatically record conversations during last 4 years of administration LBJ phone tap locations given, along with hidden microphone locations. Staff members say White House Communications Agency set up bugging system and was removed when Johnson left White House Govt. sources say secret recordings began with John. F. Kennedy administration [Director JFK Archives Dan FENN - finds JFK tapes of conversations between Kennedy and selected individuals during his administration] Senator Henry Jackson shocked at revelation. To open Senator investigation on matter at once.
REPORTER: Jerry Landay, Mike Tiffy (WCVB-TV film Boston, Massachusetts)
#26796
(Studio) President' doctors say President to be back at White House on full-time schedule Monday, following bout with viral pneumonia.
REPORTER: Harry Reasoner
#26797
(Studio) English actor Jack Hawkins dies in London, England.
REPORTER: Harry Reasoner
#26798
(Studio) Israeli government to buy tons of cement from Sov, Union to deal with critical hsing. needs. $3 1/2 billion deal largest between 2 countries since diplomatic relations broken during 6-day war.
REPORTER: Harry Reasoner
#26799
(Studio) Israel suffers badly from inflated economy
REPORTER: Harry Reasoner
(Tel Aviv, Israel) Israel likes peace. Luxuries available during peace are bought despite country's income tax, one of highest in world TV's in 68% of homes. Good foreign car price astronomical. Gasoline's $.80 gallon Hsing. costs soar, but critical cement shortage exists with construction incring. daily. Tourists flow in and hsing. must be available. Mil. budget killing Israel. Without military budget, inflation would ease. Inflation to be large factor during fall elections.
REPORTER: Bill Seamans
#26801
(Studio) In array of Watergate witnesses, this reporter finds Herbert Kalmbach, Fred. LaRue embarrassing. John Mitchell is offensive, while John Dean and Jeb Magruder puzzling. Anthony Ulasewicz is funny and it may be helpful to ntl. sanity to laugh at Watergate mess even if Sen, Lowell Weicker says it isn't funny.
REPORTER: Harry Reasoner
#667393