Taking A Crack At Inflation – October 30, 1978
And not getting a whole pile of support.
Click on the link here for Audio Player: News for October 30, 1978
News on this day was mostly of the Economic variety. Jimmy Carter‘s Anti-Inflation program was not being met with enthusiasm, so it was up to Treasury Secretary Blumenthal to make the pitch for the plan.
Meanwhile, the Dollar kept sinking against major Foreign currency, but with Gold prices reaching new highs.
Elsewhere – the Supreme Court was set to hear arguments regarding striking workers receiving unemployment benefits while picketing. Speaking of Strikes – it was Day Number 82 for the Pressman’s Strike against the New York Times and The New York Daily News, with talks scheduled to resume. And a wildcat strike against PanAm by Stewards and Stewardesses was underway.
The Washington talks regarding the Egypt and Israel were still going on, with neither side having much to say about it. Japan was lobbying for the U.S. to improve relations with Vietnam, citing fears of a potential growing Soviet influence in the region. Reported border flare ups between Uganda and Tanzania with Uganda denying anything was going on.
Hurricane Kendra was floundering off the East Coast of the U.S. with no threat to land.
All that, and a lot more via the CBS World News Roundup and the 9:00 am Network news for October 30, 1978.
