This program is 27 minutes long
#297730
(Studio) Latest rise in prime interest rates reported.
REPORTER: Dan Rather
(NYC) Implications of rising prime rate for consumer examined; specifics considered. [ECON. - expects squeeze on profits.] [President REAGAN - blames fear of the future for high interest rates.] [ECON. - predicts higher interest rates; explains.] Impact on dollar's value in Europe discussed. [TOURIST - notes situation benefits him.] Impact on United States exports explained. For. debts owed US by countries such as Argentina and Brazil noted also linked to prime lending rate; details given.
REPORTER: Jane Bryant Quinn
(Studio) Rising interest rate's impact on business recovery discussed.
REPORTER: Dan Rather, Jane Bryant Quinn
(Studio) President Reagan noted blaming Federal Reserve Bd. for higher prime rate while others blame President's rising budget deficit; Treasury Department's report of last month's deficit mentioned.
REPORTER: Dan Rather
(Seattle, WA) Role of interest rate in election year pols. examined; scenes from "The Graduate" shown. Role of credit in United States economy discussed. [Reagan-Bush campaign spokesperson Drew LEWIS - thinks Reagan won in 1980 due to middle America's support.] [Econ. Alan GREENSPAN - feels President could lose election if economy scenario reminiscent of 1980 occurs.] Int. rate's impact on hsing. industry in general cited. [Summit Timber spokesperson Gary JONES - recalls lumber industry came to standstill when int. rates peaked in past.] [Summit spokesperson Jack DICKSON - fears closing mill if int. rates continue rising.] [Home builder Larry HILLIS - describes his industry's plight.] Impact of high interest rates on former Reagan supporters considered. Farmer Rick Bollinger, Reagan supporter in 1980, noted experiencing economy hardships. [Gallup Org. spokesperson Jay SCHMIEDESKAMP - questions President's acting ability in light of need to convince voters all is well economically.] European allies recalled recently criticizing President's economic policy as reflected in high interest rates. [June 7, 1984, REAGAN - thinks rates will drop.] [GREENSPAN - considers interest rates President's primary domestic problem.]
REPORTER: Bob Simon
#297731
(Studio) Home resales in May reported; discussed.
REPORTER: Dan Rather
#297733
(Studio) Report introduced
REPORTER: Dan Rather
(North Oaks, Minnesota) [Senator Edward KENNEDY - announces support for Walter Mondale.] Kennedy's role in arranging meeting between Mondale and Gary Hart noted. [MONDALE - feels he and Hart are close to agreement on credential process.] Hart's decision not to challenge Mondale delegates outlined on screen, discussed.
REPORTER: Susan Spencer
(Studio) Report introduced
REPORTER: Dan Rather
(San Salvador, El Salvador) Jesse Jackson's Central American tour prior to leaving for Cuba examined; Salvadoran President Jose Napoleon Duarte's praise of Jackson's proposal to end war there outlined. Films shown. [DUARTE - notes groups involved have agreed to discuss Jackson's proposals.] [JACKSON - praises Duarte's attitudes.]
REPORTER: Bob Faw
#297734
(Studio) Nation of Islam leader, Louis Farrakhan, supporter of Jesse Jackson, quoted regarding Israel; details given.
REPORTER: Dan Rather
#297735
(Studio) United States envoy Harry Shlaudeman reported meeting today with Nicaraguan deputy foreign min. in Mexico; conference said arranged earlier this month during Secretary of State George Shultz's trip to Nicaragua. Senate vote to separate President Reagan's aid for covert war against Nicaragua from United States summer jobs legislature noted; details given.
REPORTER: Dan Rather
#297736
(Studio) Iraq reported attacking Greek tanker at Iran's Kharg Island oil terminal; details given.
REPORTER: Dan Rather
#297737
#297738
#297739
(Studio) Report introduced
REPORTER: Dan Rather
(Kennedy Space Center, Florida) Delay in launch of space shuttle Discovery due to computer malfunction examined; films shown. [Voice of mission control Mark HESS - announces delayed launch.] Source of malfunction explained, illustrated. [NASA (National Aeronautics and Space Administration) spokesperson Carroll DAWSON - is fatalistic about such problems.] Discovery computer said replaced with one from Columbia; launch mentioned rescheduled for tomorrow, weather permitting. Details given.
REPORTER: Peter Van Sant
#297741
(Studio) Supreme Court ruling allowing industry pollution under Clean Air Act reported.
REPORTER: Dan Rather
#297742
(Studio) Report introduced
REPORTER: Dan Rather
(Albany, New York) Debate over New York's proposed mandatory seat belt law examined; statistics related to United States auto fatalities and seat belts outlined. Ins. Institution test films shown. [PEOPLE - explain their attitudes.] [Assemblymen Michael NOZZOLIO, Larry LANE, Vincent GRABER, Hyman MILLER - debate role of government in situation.] Push for mandatory air bags rather than seat belt use by Reagan admin. noted. [Ralph NADER - feels air bag system is more effective.] New York law outlined on screen. Est. number lives believed saved annually in New York with seat belts mentioned.
REPORTER: Bernard Goldberg
#297744
(Studio) John McEnroe's behavior at opening of Wimbledon today described, shown.
REPORTER: Dan Rather
#297745
(Studio) Report introduced
REPORTER: Dan Rather
(Tokyo, Japan) Recruitment of major league baseball players by Japanese teams examined; Reggie Smith, Warren Cromartie cited as example Films shown. [CROMARTIE - notes adjustment necessary to move to Japan.] [FANS - want home runs from American players.] [SMITH - notes that's American players' role here.] [Sportswriter Wayne GRACZYK - describes pitchers' attitude toward successful Am batters.]
REPORTER: Wyatt Andrews
#677413