This program is 27 minutes long
#294955
(Studio) President Reagan reported supporting Defense Secretary Caspar Weinberger's opposition to cuts in Pentagon budget.
REPORTER: Dan Rather
(DC) Admin.'s proposed defense budget examined. [WEINBERGER - praises President's decision.] Reagan's proposals outlined on screen, discussed. [WEINBERGER - conts. praise.] [Representative Les ASPIN - considers plan a total rout.] [Representative Thomas DOWNEY - comments.]
REPORTER: David Martin
#294956
(Studio) Report introduced
REPORTER: Dan Rather
(NYC) Arrest of Northrop Corporation engineer Thomas Cavanagh for allegedly trying to sell stealth bomber secrets to USSR examined; films shown. FBI director William Webster's assessment of documents' importance to national security quoted on screen; Cavanagh quoted on screen as well. Sting said part of FBI efforts in California to thwart Soviet spies there.
REPORTER: Rita Braver
#294957
(Studio) British camera team's film of continued guerrilla war against USSR in Afghanistan narrated.
REPORTER: Dan Rather
#294959
(Studio) Hijackers of Kuwaiti airliner to Iran reported being tried in Iranian courts; details of hijacking recalled.
REPORTER: Dan Rather
#294960
(Studio) Report introduced
REPORTER: Dan Rather
(DC) Israeli security forces reported foiling terrorist plot to attack United States embassy in Tel Aviv; details of plan examined. Israeli intelligence findings outlined on screen. Gaza Strip terrorists' hijacking of bus in April recalled; incrd. sec. for all United States embassies in Mideast since last year's bombing of Beirut embassy noted.
REPORTER: Bob Simon
#294961
(Studio) Personal income and spending last month and White House reaction reported New home construction for November considered.
REPORTER: Dan Rather
#294962
(Studio) Mortgage Bankers Association's report on record past-due mortgages outlined.
REPORTER: Dan Rather
(NYC) Homeowners' use of long-term reverse mortgage to prevent foreclosure examined; Ruth Robinson cited as example [ROBINSON - explains decision.] Implications of plan for elderly noted; reverse mortgage explained, illustrated on screen. [Prudential-Bache Secs. spokesperson Jim SETTEL - notes advantages under reverse mortgage concept.] Riskier reverse mortgage plan under experiment in California described. [American Association of Retired Persons spokesperson Leo BALDWIN - notes disadvantages to elderly of short-term reverse mortgage.] Implications of reverse mortgages for inheritors noted.
REPORTER: Jane Bryant Quinn
#294963
(Studio) Bankers Trust reported lowering its prime lending rate.
REPORTER: Dan Rather
#294964
#294966
(Studio) Unusually warm weather in N.E. and snow in California discussed; films shown.
REPORTER: Dan Rather
#294967
(Studio) Report introduced
REPORTER: Dan Rather
(Los Angeles, California) Growing popularity among youth of clove cigarettes imported from Indonesia and health risks involved examined; films shown. [BOY - explains attraction.] [Carol CISLAW - describes son Tim's death after smoking clove cigarettes for period of time.] Physicians' belief that clove toxin in cigarettes inhibits natural defense mechanism in lungs discussed. [Dr. Frederick SCHECHTER - explains Cislaw's case.] [American Lung Association spokesperson Dr. Norman EDELMAN - notes potential for more problems with clove cigarettes due to unknown substances in them.] [Cigarette importer Hugh CASSAR - suggests those seeking evidence go to Indonesia.] [Carol CISLAW - hopes son's death will warn others.]
REPORTER: Terry Drinkwater
#294968
(Studio) Educ. Secretary Terrel Bell's outgoing report on state-by-state status of education reform outlined on screen, discussed.
REPORTER: Dan Rather
#294970
(Studio) USSR Politburo member Mikhail Gorbachev's alleged response to British Parliament's questioning of him on USSR human rights reported; films shown.
REPORTER: Dan Rather
#294971
(Studio) Prime Min. Margaret Thatcher reported arriving in Peking, China, PR, for tomorrow's ceremony transferring Hong Kong to China in 1997; details given, films shown.
REPORTER: Dan Rather
#294972
(Studio) Report introduced
REPORTER: Dan Rather
(Peking, China, PR) China's experimentation with supply side socialism examined; films shown. Consumers' reaction to threat of price hikes under new econ. reform plan noted. [MAN - thinks plan encourages productivity.]
REPORTER: David Jackson
#294974
(Studio) Report introduced
REPORTER: Dan Rather
(Garrison, MT) Modern-day fur trappers featured. [Ron COOPER, Wendell COPENHAVER - comment on trapping.] [Buyer Ernie JUDKINS - ests. pelt's price.] [Trapper Les BARTON - notes good trapper fools the buyer.] [Len HOWELLS - hopes to improve his income.]
REPORTER: Bob McNamara
#676978