NBC Nightly News open - 1977-05-13

Channel: malgent

Transcript

Language: English (original, YouTube automatic captions)

[0:03] This is NBC Nightly News with John

[0:05] Chancellor and David Brinkley. Tonight,

[0:08] Friday, May 13th, reported from the NBC

[0:11] News Center in New York. Good evening.

[0:14] David Brinkley is off tonight. And the

[0:16] news is that 11 big oil producing

[0:18] countries reportedly have decided not to

[0:21] raise prices by 5%. All are members of

[0:24] OPEC, the Organization of Petroleum

[0:26] Exporting Countries, which had scheduled

[0:28] the price increase for the 1st of July.

[0:31] But the authoritative Middle East

[0:32] Economic Survey, says that won't happen

[0:35] and that it's a victory for the moderate

[0:37] oil producers who don't want higher

[0:39] prices. President Carter said this is

[0:41] good news. And in the United States, two

[0:44] more companies today cut wholesale

[0:46] prices on coffee.

[0:49] In Washington, the president signed two

[0:50] bills which are designed to create more

[0:52] than a million new jobs. One bill signed

[0:55] in the Rose Garden authorizes 4 billion

[0:58] for public works projects, schools,

[1:00] waterworks, public facilities. The other

[1:02] bill appropriates an additional 9

[1:05] billion for jobs. Young people and

[1:07] construction workers will benefit most.

[1:09] The president called it a major move in

[1:11] the right direction. Thank you.

[1:14] >> That's a lot of money, but when it is

[1:15] spread around in the thousands of

[1:17] communities where it is most needed,

[1:19] what comes out at the end isn't all that

[1:21] much. Richard Hunt discovered that in

[1:23] Bridgeport, Connecticut.

[1:27] Bridgeport and a lot of other rundown

[1:28] cities in the Northeast claim they were

[1:30] shortchanged by last year's Public Works

[1:32] Act.

[1:34] At a time when its unemployment rate was

[1:36] around 15%, Bridgeport got $3,200,000.

[1:42] Some of that was used to fix up the

[1:43] 90-year-old courthouse.

[1:46] And the entire program created 150 jobs,

[1:49] mostly in the construction trades.

[1:52] Mayor John Mandini likes the new program

[1:54] better. He wants to cut taxes and fix up

[1:57] five schools. We are going to cut our

[1:59] mill rate 3 and a half mills and

[2:02] something like this will help us further

[2:04] because we're going to have to fix these

[2:05] schools up whether the feds help us or

[2:07] we have to bond for it ourselves and it

[2:09] makes it a little easier when you get

[2:11] that federal money to come in and do

[2:13] something that's vital to this city.

[2:16] Under the bill signed today, the school

[2:18] project is expected to provide

[2:19] Bridgeport with 4 to5 million at a time

[2:22] when unemployment is at 11%.

[2:26] The schools are all old, all in the

[2:28] rundown parts of the city, and all in

[2:30] need of repairs.

[2:32] The new federal program will provide

[2:34] about 200 jobs, and that won't solve

[2:36] Bridgeport's problem. But spending

[2:38] federal money will save city money, and

[2:40] that will be used in a program to bring

[2:42] in more jobs. Richard Hunt, NBC News,

[2:46] Bridgeport, Connecticut.

[2:48] Also on the program this evening, our

[2:50] special will be another report on why

[2:53] automobile insurance costs what it does

[2:55] and how it could be reduced in cost.

[2:57] We'll see the tuna boats going back to

[2:59] sea in San Diego. We'll hear

[3:01] Pennsylvania Governor Milton Shap

[3:03] talking about the $300,000 he's got to