ABC Evening News - 1975-11-15
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Read a transcript preview of “ABC Evening News - 1975-11-15” from malgent, uploaded on 2025-11-11.
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Language: English (original, YouTube automatic captions)
[0:01] [music]
[0:03] From New York, this is ABC [music] News.
[0:07] Now, Ted Coff.
[0:10] Good evening. A 14th century chateau
[0:13] today became the site of a six nation
[0:15] summit on the economic ills of the 20th
[0:17] century. President Ford, the leaders of
[0:20] five allied nations and a security force
[0:22] of 3,000 men arrived for the start of
[0:24] three days of talks that promised to
[0:26] range from what to do about worldwide
[0:28] recession to the global impact of a New
[0:30] York City default. ABC's Tom Gerald
[0:33] reports. Unstable worldwide economic
[0:36] conditions brought the leaders of the
[0:37] six major industrial democracies
[0:39] together, feeling they must, as one
[0:41] official put it, hang together or we
[0:43] shall surely hang separately. President
[0:46] Ford at first did not want to attend,
[0:48] but when France agreed to expand the
[0:50] participation to include the Germans,
[0:52] the British, the Italians, and the
[0:53] Japanese, he agreed. A US bid to have
[0:56] the Canadians included failed. The
[0:59] president drove to the site of the
[1:00] meetings, a 14th century hunting lodge
[1:02] converted to a French government guest
[1:04] house at Ramblu, 30 mi outside Paris.
[1:08] With the US economy making a tentative
[1:10] rebound from its recession, the
[1:12] principal concern for President Ford is
[1:14] the high price of fuel sparked by the
[1:16] Arab oil boycott. So he will be urging
[1:18] the other leaders such as host President
[1:20] Xishkar Dustang to hang together to
[1:23] deprive the oil cartel of their power to
[1:25] set prices unreasonably high. The
[1:28] official talks open with German
[1:30] Chancellor Schmidt leading a discussion
[1:31] on the dangers of inflation and
[1:33] recession. The