This program is 28 minutes long
#37435
(Studio) Admin. issues midyr. budget review. Unemployment up more and economy activity not expected to show as fast an upturn as earlier predicted.
REPORTER: Howard K. Smith
(DC) Econ. advisers announce gloomy news; predicted budget deficit for `76 revealed. [Chairperson economy advisers Alan GREENSPAN - assumes unemployment to peak around 9% sometime in next several mos. and then start heading down.] Predictions for `76 unemployment, GNP, consumer prices compared with `75 outlook.
REPORTER: Herbert Kaplow
(NYC) Yesterday's glowing report on index of leading economy indicators forecasts bottoming out of recession; most economists don't expect strong recovery till late fall. Today's revised economy projections recognizes recovery likely to be slow and uneven. Continuing decline in inflation rate should be watched carefully.
REPORTER: Dan Cordtz
#37436
(Studio) Agriculture Department reports prices of raw farm products increase 5% in month ending May 15: farm index 2% higher than year ago. Chiefly to blame for overall incr. is 14% increase in prices paid to farmers for meat animals.
REPORTER: Harry Reasoner
(Sioux City, Iowa) Beef bringing highest prices since 1973; consumers to pay more for beef products. Cattlemen no longer losing money on cattle as they have for past 18 mos. Principle of supply and demand most important to recent increase in cattle prices. [USDA Bud REECE - says feeder cattle reduced by 1/3 in last year; reduced supply causes price increase] Farmers in Laurel, Nebraska, shown; number of cattle cut in 1/2 by 1 farmer; enjoying incrd., profitable prices for cattle.
REPORTER: Ron Miller
#37438
(Studio) Treasury Department to auction off 1/2 million ounce gold on June 30.
REPORTER: Harry Reasoner
#37440
(Studio) NATO (North Atlantic Treaty Organization) summit conference ends in Brussels; members admit serious problems remain unsolved.
REPORTER: Howard K. Smith
(Brussels, Belgium) British Prime Min. Harold Wilson and President Ford meet; later, Secretary of State Henry Kissinger joins them. Final joint communique issued by NATO (North Atlantic Treaty Organization) mbrs.; details given. [President FORD - doesn't expect problem to arise with regard to United States use of nuclear weapons if other NATO (North Atlantic Treaty Organization) cntrys. attacked with more conventional methods of warfare.] Mr. Ford indicates he's not relieved over growing Communist influence in Portugal. [PRES. - says other NATO (North Atlantic Treaty Organization) members similarly concerned with Portugal. Thinks NATO members convinced alliance does have unity and solidarity.] President and Mrs. Ford dine with Belgium Prime Min. Leo Tindemans.
REPORTER: Tom Jarriel
#37441
(Studio) Police in Spain making preventive arrests in advance of President Ford's visit to Madrid. Most Spaniards view President' visit favorably.
REPORTER: Harry Reasoner
(Madrid, Spain) Mr. Ford to call on President Franco at his palace outside Madrid. Franco's power on wane. Spain has proved to be fertile field for American investment. Spain's industry growth achieved at expense of social justice; more and more Spaniards incringly. critical of Franco regime. [Social Democratic party leader Carlos ZYAS - says United States supporting corrupt, repressive dictatorship of Spain.] Future of Spain up in air.
REPORTER: George Watson
#37442
(Studio) Paris air show opens. Competition stiff with 4 NATO (North Atlantic Treaty Organization) nations in market for new fighter planes. Chief competitors are American YF-16 and French Dassault Mirage F-1 jet fighter.
REPORTER: Harry Reasoner
(Paris, France) Demonstrations of American and French fighters spectacular. Norway, Denmark, Belgium and Holland in market for 350 fighters.
REPORTER: Jim Giggans
(Studio) Norwegian parliament's defense committee recommends Norway buy 72 F-16's, but purchase depends on other 3 cntrys.' decision.
REPORTER: Howard K. Smith
#37443
#37444
(Studio) 48 Cambodian war refugees return to Cambodia at own request. No. of Vietnam refugees also want to go home.
REPORTER: Harry Reasoner
(Fort Chaffee, Arkansas) Refugee children seem well adapted to new environmental, but many adults aren't. Vietnam language newspaper printed ea day, bringing wire service reports from Saigon. [Lee Minh TAN - says he ran away from cntry. in fear of his life, but newspaper and radio accts. report no killing.] UN refugee service David Arnold talks with refugees at Fort Chaffee interested in seeking repatriation.
REPORTER: David Snell
#37446
(Studio) Retired Major General Edward Lansdale says he dvtd. plans for removing Fidel Castro by any means, incling. assassination. Lansdale, one-time CIA employee, operated on orders from President John Kennedy through an intermediary. Extent of CIA involvement in anti-Castro activities proving to be major challenge for those investigating CIA.
REPORTER: Howard K. Smith
(Miami, Florida) Frank Sturgis 1 of Castro's trusted security men years ago. [STURGIS - says he picked men for CIA to assassinate Castro when and if he got go-ahead. Describes preparations for assassination, but order never came through to kill Castro.]
REPORTER: David Schoumacher
(DC) Sorting out various plots against Castro nearly impossible.
REPORTER: David Schoumacher
(Studio) At 10 p.m. EDT tonight, David Schoumacher to narrate documentary on CIA.
REPORTER: Harry Reasoner
#37448
(Studio) John Bartels resigns as head of Justice Department's Drug Enforcement Admin.: rptdly. White House pressure forced him out.
REPORTER: Howard K. Smith
#37449
(Studio) American's leading long-distance runner Steve Prefontaine killed in auto crash early today in Eugene, OR.
REPORTER: Howard K. Smith
#37450
(Studio) 1st formal charges filed in alleged $1 billion Florida land fraud case.
REPORTER: Howard K. Smith
#37451
(Studio) 1st Lady Betty Ford tours Brussels again while President works.
REPORTER: Howard K. Smith
(Brussels, Belgium) Mrs. Ford's itinerary incls. visit to Saint Anne's Chapel. Chapel's abbott offers 1st Lady tour. [Mrs. FORD - admits she and husband discuss policy. President thinks Brussels visit moving along very nicely.]
REPORTER: Steve Bell
#37453
(Studio) This reporter believes it's worthwhile for United States to remain in NATO, but it's no help to think of it in 1950 terms. NATO (North Atlantic Treaty Organization) like March of Dimes, or any bureaucracy that's solved its problems - new disease must be found.
REPORTER: Harry Reasoner
#668928