CBS Morning News - 1975-10-17
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Read a transcript preview of “CBS Morning News - 1975-10-17” from malgent, uploaded on 2023-07-04.
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Language: English (original, YouTube automatic captions)
[0:09] New York City is right on the edge of
[0:11] financial disaster this morning and this
[0:13] time as they said at Pearl Harbor, it's
[0:16] no drill.
[0:19] This is the CBS Morning News with Hughes
[0:22] Rudd in New York and Bruce Morton in
[0:25] Washington.
[0:27] Good morning. This is Friday, October
[0:29] the 7th and here's what's happening
[0:31] besides the imminent bankruptcy of New
[0:33] York City.
[0:35] Railway clerks with the Southern Pacific
[0:37] have walked out and some 700 passengers
[0:40] are stuck where they don't want to be.
[0:42] Leonid Brezhnev says the reason he
[0:44] canceled a meeting with the president of
[0:46] France was that he had a cold. The
[0:48] Cincinnati Reds are leading the World
[0:50] Series.
[0:52] Later, we'll hear from a physician who
[0:54] says Karen Ann Quinlan will recover from
[0:56] her 6-month coma within a few weeks,
[0:59] although he hasn't examined her.
[1:01] We'll have a report on some families in
[1:03] West Virginia who are being made
[1:05] homeless by good news for the coal
[1:07] country and we'll hear about a court
[1:09] case being tried by television.
[1:12] Well, once again, New York City is on
[1:14] the brink of fiscal disaster and this
[1:16] time it may really be going over the
[1:18] edge in spite of all the last-minute
[1:20] life-saving efforts which Robert Schakne
[1:22] has been following.
[1:25] The latest plan to keep New York City
[1:27] from going broke had been in serious
[1:29] trouble from the day it was hurriedly
[1:30] put together by the governor, the mayor,
[1:32] business and banking leaders in the
[1:34] state legislature 5 weeks ago.
[1:36] The biggest problem, trustees of union
[1:39] pension funds were reluctant to lend the
[1:40] city money and pension fund money was an