CBS Evening News - 1977-07-14

Channel: malgent

Transcript

Language: English (original, YouTube automatic captions)

[0:02] This is the CBS Evening News with Roger

[0:05] Mud substituting for Walter Kronite.

[0:09] Good evening. The news is dominated

[0:11] tonight by two stories. The first, an

[0:13] incident the country hoped wouldn't

[0:15] happen. The second, an incident the

[0:16] experts believe wouldn't happen. In the

[0:19] first, a US Army helicopter based in

[0:21] South Korea strayed across the DMZ line

[0:24] and was shot down by the North Koreans.

[0:26] Three US crewmen killed, one captured.

[0:29] President Carter said it was our mistake

[0:30] and he hopes it will not become a

[0:32] confrontation. In the second, the New

[0:35] York City area and its 10 million people

[0:37] were blacked out last night by an

[0:39] electrical power failure that all the

[0:41] experts promised after the 1965 blackout

[0:44] would not happen again. President Carter

[0:46] has asked the Federal Power Commission

[0:48] to investigate. We'll report the

[0:49] blackout story first, beginning with

[0:51] Gary Shepard.

[0:53] This is Con Edison's energy control

[0:55] center for New York City. It was here

[0:57] that engineers watched helplessly last

[0:59] night as the power failed. And it was

[1:01] here that they worked through much of

[1:03] today to turn it back on.

[1:06] A good deal of New York's supply of

[1:08] electricity is produced north of the

[1:10] city at places like Pleasant Valley and

[1:12] the big nuclear generating plant known

[1:15] as Indian Point 3. Coned says the

[1:18] blackout was triggered when severe

[1:20] lightning knocked out transmission lines

[1:22] that connected Indian Point less than

[1:24] half a mile away with the state's main

[1:26] power grid to New York City. With those

[1:28] lines broken and with demand for power

[1:31] unusually high because of a heat wave,

[1:33] other generating plants unable to handle

[1:36] the load began cutting themselves off as

[1:38] well. Coned tried reducing the voltage

[1:41] and even shutting down certain areas

[1:43] intentionally to avoid a complete

[1:45] blackout. It took only a few more

[1:47] minutes before it was all over. New York

[1:50] had been disconnected from the nation's

[1:52] electric system to prevent damaging

[1:54] overload, which occurred during the 1965

[1:57] blackout. Just after 9:30 last night, 10

[2:00] million people were without electric

[2:02] power. Mayor Abraham Bean declared a

[2:05] state of emergency, met today with his

[2:07] top advisers, and then told reporters he

[2:10] was outraged that what was never

[2:12] supposed to happen again had happened

[2:14] again.

[2:16] And given what occurred 12 years ago,

[2:20] Conned's performance is at the very

[2:22] least gross negligence and at the worst

[2:25] far more serious. We've seen our

[2:28] citizens subjected to violence,

[2:30] vandalism, theft, and discomfort.

[2:34] The blackout has threatened our safety

[2:37] and has seriously impacted our economy.

[2:40] We've been needlessly subjected to a

[2:43] night of terror.

[2:45] In many communities that have been

[2:47] wantingly looted and burned, the cost

[2:51] when finally tally will be enormous.

[2:56] >> Beam said he was organizing a board of

[2:58] inquiry to investigate fully the power

[3:00] failure. Well, I you know to appoint a

[3:03] board of inquiry and then to say that uh

[3:05] however before the board of inquiry uh

[3:07] sits I declare the uh the company guilty

[3:10] of gross negligence is a little like

[3:12] saying we'll have a fair trial before we

[3:13] hang the uh hang the defendant. I don't

[3:17] think we were guilty of gross negligence

[3:18] at all. I think that the the protective

[3:21] equipment we had on our system uh is

[3:24] good. It's modern. It's comparable to

[3:26] what other utilities have. Uh our

[3:28] machines were protected last night. The

[3:31] equipment was protected. It did what it

[3:33] was supposed to. It shut down. What

[3:36] wasn't protected was the nation's

[3:37] largest city and the people who live in

[3:40] it and around it. Gary Shepard, CBS

[3:43] News, New York. Power has now been

[3:46] restored to about 75% of Khan Edison's

[3:49] customers. We'll have more on the

[3:50] blackout in a moment.

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[4:59] >> It was the people who bore the brunt of

[5:01] the blackout, struggling through a night

[5:03] and most of the day without lights,

[5:05] elevators, subways, or air conditioners.

[5:07] Steve Young reports on how they handled

[5:09] it.

[5:16] >> It was a miserable, muggy Wednesday

[5:17] night when the light suddenly went out.

[5:19] Motorists and pedestrians moved

[5:21] cautiously, but with a certain

[5:22] self-confidence, for they'd been through

[5:24] it before. Without anyone asking them

[5:26] to, volunteers carrying flashlights

[5:28] showed up at intersections to direct

[5:30] snarl traffic. Many people took to the

[5:32] streets to stay cool. The Broadway crowd

[5:35] suddenly plunged into darkness made a

[5:37] beline for Midtown bars. But for some,

[5:40] it was not fun, but terror. Among the

[5:42] worst places, stalled, sweltering

[5:44] subways. Yet some riders consider the

[5:47] subway a safer haven than the streets.

[5:50] >> Well, I'd rather stay in here than go

[5:51] out there and get raped or mocked or

[5:53] something.

[5:54] >> Many New Yorkers who managed to make it

[5:55] home were stopped in their tracks at the

[5:57] lobby.

[5:58] >> Why aren't you in your apartment?

[6:01] >> 21 floors.

[6:04] >> Some people who tried the long stairways

[6:06] collapsed from the effort. This woman

[6:08] fell after walking down 30 flights at

[6:10] Rockefeller Center. Most of the

[6:12] hospitals got through the night on

[6:14] emergency backup power plants. But at

[6:16] Belleview, the generators failed and

[6:18] AIDS kept some patients alive by hand

[6:20] pumping respirators. Still, at the

[6:23] city's biggest public hospital, there

[6:25] were no deaths and one birth. As dawn

[6:28] broke over the darkened skyscrapers, New

[6:30] Yorkers were still living up to their

[6:32] reputation as people who know how to

[6:33] cope. But the mayor considered the

[6:35] transportation and communication

[6:36] problems overwhelming, declared an

[6:38] emergency, and asked people to stay

[6:40] home. As a result, many normally crowded

[6:42] sections of the city took on the

[6:44] appearance of a ghost town. Around midm

[6:46] morning, the power gradually was

[6:48] restored neighborhood by neighborhood.

[6:50] But it came too late for some. From

[6:52] supermarket freezers, meat no longer

[6:54] safe to sell. For this merchant, $2,000

[6:57] worth of ruined ice cream.

[6:58] >> My cone cost 45 cents. So you can

[7:01] imagine how many cones I can to I have

[7:04] to sell to get 2,000 back. There was

[7:07] throughout New York a kind of

[7:08] philosophical acceptance and even pride

[7:10] that once again the city had taken a

[7:12] battering and survived. Steve Young, CBS

[7:15] News, New York. While most New Yorkers

[7:19] were coping, some valiantly, with the

[7:21] blackout, thousands of others seized the

[7:23] chance to loot. It was a sharp contrast

[7:25] with the general lawfulness of the 1965

[7:28] power failure. Sam Ford reports.

[7:30] >> Some looters roam the streets yelling,

[7:32] "It's Christmas time. It's Christmas

[7:34] time." And so it was as thousands of

[7:36] them broke security fences and windows

[7:39] and helped themselves to all kinds of

[7:41] merchandise when the blackout hit. There

[7:43] was looting throughout the city in Time

[7:45] Square, Harlem, Brooklyn, Queens, and

[7:47] the Bronx. In some cases, police were

[7:49] forced to abandon sections to looters

[7:51] who threw bricks and bottles. But police

[7:53] gradually regained control and arrested

[7:56] more than 2500 people. One officer

[7:58] remarked that five times that many

[8:00] should have been arrested, but arresting

[8:02] was no easy job. 80 officers were

[8:05] injured. Firemen were kept busy as well

[8:07] last night as more than 500 fires were

[8:10] set throughout the city, 42 of them

[8:12] serious. And as the darkness finally

[8:15] began to lift, several fires were still

[8:17] burning. And even by noon, scattered

[8:20] looting continued in central Harlem,

[8:22] where people walked away with

[8:23] merchandise as boldly as if they had

[8:25] paid for it.

[8:37] But while it might have been a night of

[8:39] fun for the looter, it was disaster in

[8:41] some cases for hundreds of small shop

[8:43] owners who arrived at work this morning

[8:45] to find years of hard effort gone.

[8:48] >> They take out everything. I lost all my

[8:51] money. I work about 10 years for this. I

[8:53] lost everything cuz I can say I don't

[8:56] have no issue, no nothing. I have three

[8:59] kids and wife. I lost everything.

[9:01] >> I can't talk. We got

[9:04] >> every everything is gone. Everything. We

[9:06] haven't insurance to cover anything

[9:08] here. We have a very insufficient amount

[9:09] of insurance to cover whatever happened

[9:11] here. We've lost lost our lives. I just

[9:15] took a chance coming down from Staten

[9:17] Island to open up the store this morning

[9:19] and I saw this. I almost passed out.

[9:22] >> And looters paid little heed to race,

[9:24] creed, or color. But one woman saved her

[9:27] bar by staying there all night.

[9:29] >> I think it's really disgusting. You

[9:31] know, it make you really want to throw

[9:33] up when you look at what's happened. And

[9:35] we got to live here. There's no place

[9:36] for us to go.

[9:38] >> So many looters were captured. Police

[9:40] had to reopen a prison closed years ago

[9:42] to hold them. The looters face charges

[9:45] of robbery, burglary, or grand lararseny

[9:47] depending upon what they had in their

[9:49] hands when police arrested them. Like

[9:52] other communities that suffer from these

[9:53] unnatural disasters, this community will

[9:56] never be the same. Because of last

[9:58] night's rioting, some of these merchants

[10:00] have lost their livelihood. And this

[10:02] community has lost some of its life. Sam

[10:06] Ford, CBS News, New York.

[10:09] >> CBS will broadcast a special halfhour

[10:11] report on the New York Blackout at 11:30

[10:14] tonight, 10:30 central.

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[11:22] >> A US Army helicopter flying from South

[11:25] Korea's west coast to a point on the

[11:27] east coast just below the demilitarized

[11:29] zone strayed into North Korea late last

[11:31] night, our time, and was shot down. One

[11:33] man was captured, two were killed in the

[11:35] crash. The fourth was reported killed in

[11:38] a firefight with North Korean troops.

[11:40] The Pentagon, however, maintains that

[11:42] neither the crew nor the helicopter was

[11:43] armed. We have three reports beginning

[11:46] with Bruce Dunning in Soul.

[11:49] >> A fence runs all the way across Korea,

[11:51] marking the southern boundary of the

[11:53] demilitarized zone, but apparently the

[11:55] men on the ill- fated helicopter never

[11:57] saw that fence, or if they did, it was

[11:59] too late. Official spokesman said South

[12:01] Korean troops fired warning shots when

[12:03] the large twin rotor helicopter headed

[12:06] across the line. What happened next was

[12:08] explained to President Carter in a

[12:10] classified report that has not been made

[12:12] public here. According to that report,

[12:14] the helicopter landed in North Korean

[12:17] territory. The crew got out, inspected

[12:19] the craft, apparently concerned that it

[12:21] might have been hit and then tried to

[12:22] take off again. As it lifted off, so the

[12:25] report goes, the North Koreans fired on

[12:27] the helicopter and it crashed. The

[12:29] classified report says two men were

[12:31] killed in the crash. A third was killed

[12:33] as North Korean soldiers approached and

[12:35] the fourth was taken prisoner. The

[12:37] official report released in Seoul by the

[12:39] US command says only that the craft was

[12:42] shot down and that the North Koreans are

[12:44] saying that three of the four men crew

[12:46] were killed. Newsmen and American

[12:48] negotiators waited for 3 hours at the

[12:50] Pamunjam truce village hoping the North

[12:53] Koreans would agree to a meeting of the

[12:54] armistice commission. Ambulances stood

[12:57] by in case the survivor or the bodies of

[12:59] the three men killed were returned. But

[13:01] the North Koreans did not come,

[13:03] proposing instead a meeting on Saturday.

[13:06] Pam Jam is the only place where

[13:08] Americans and North Koreans meet face

[13:10] tof face regularly. At their last

[13:12] meeting on July 1st, the North accused

[13:14] the South Koreans and the Americans of

[13:16] warlike provocations because of a

[13:18] massive demonstration of firepower

[13:20] staged by the South Koreans on June

[13:22] 23rd. This demonstration showed

[13:25] equipment and ammunition manufactured by

[13:27] the South Koreans. Because of Mr.

[13:29] Carter's planned withdrawal of American

[13:31] ground troops, the South Korean

[13:33] government has been anxious to prove to

[13:34] its own people that it is capable of

[13:36] defending this country without the

[13:38] Americans.

[13:40] Since the armistice was signed in 1953,

[13:43] the best known incident of Americans

[13:45] held by North Korea was the seizure of

[13:46] the Pueblo and its crew in January 1968.

[13:50] It took 11 months of negotiations and

[13:52] American admissions of guilt to obtain

[13:54] the release of the crew. The North

[13:56] Koreans have been showing growing signs

[13:58] of skepticism about Mr. Carter's pullout

[14:00] plans, and it may well be that they will

[14:03] hold the one survivor and the bodies of

[14:05] the three men killed for bargaining with

[14:07] the Americans. Bruce Dunning, CBS News,

[14:10] Soul. Pentagon sources told CBS News

[14:13] that although the pilot of the downed

[14:14] helicopter was fully briefed for the

[14:16] flight, he apparently had not flown in

[14:18] that part of Korea before. Other sources

[14:21] familiar with the hazards of flying in

[14:23] the DMZ said that radar able to warn a

[14:26] pilot he may be straying north is quite

[14:29] good from the central part of the buffer

[14:30] zone to the western coast. But to the

[14:33] east, near the point where the

[14:34] helicopter was shot down, there is

[14:36] virtually no radar coverage. One source

[14:39] recently returned from flying

[14:41] helicopters in the DMZ said the army in

[14:44] Korea simply hasn't got the manpower to

[14:46] adequately cover the area with radar.

[14:49] The sources said helicopter pilots are

[14:51] required to complete 12 hours of

[14:53] familiarization flights in the DMZ, but

[14:56] the entire 150 mi length isn't always

[14:58] covered. A 2-in thick manual of DMZ

[15:01] flight rules is also required reading.

[15:04] Pilots are taught to spot the white

[15:06] T-shaped blocks of cement that tell them

[15:08] they are coming to within 1/2 mile of

[15:10] the demarcation line between north and

[15:12] south. Pilots must also pick up a South

[15:15] Korean navigator before entering the

[15:17] zone. Pentagon sources said the American

[15:19] helicopter wandered north before it

[15:22] could put down to pick up the South

[15:24] Korean navigator. Ike Papa, CBS News.

[15:26] The Pentagon. The president got first

[15:29] word of the incident last night as he

[15:31] was attending a musical on the south

[15:33] lawn of the White House where West

[15:34] Germany's visiting Chancellor Helmet

[15:36] Schmidt. He informed Schmidt of the

[15:38] incident while aid sorted out the

[15:39] initial details. Other guests were not

[15:41] told of it. By midnight, after the party

[15:43] had broken up, Mr. Carter was in the

[15:45] White House communication center for a

[15:47] personal briefing. Early this morning,

[15:49] spokesman Jodie Powell gave the first

[15:51] official word the incident may have been

[15:52] caused by an error on the part of the

[15:54] American helicopter crew. any

[15:56] penetration

[15:59] of North Korean airspace

[16:02] that may have taken place

[16:06] would have been unintentionable,

[16:09] unintentional,

[16:11] and regrettable.

[16:12] >> By 8 this morning, the president had

[16:14] more details for a group of senators at

[16:16] the White House on other business. He

[16:18] told them the helicopter had apparently

[16:19] lost its navigation fix, and he said

[16:21] that message had been sent to the North

[16:23] Koreans. We were trying to let them know

[16:26] that we realized that a mistake was made

[16:28] by the crew in going to demilitarize on

[16:30] primarily interested in in having the

[16:34] incident not escalate

[16:37] into a confrontation and also to account

[16:39] for the crew members.

[16:40] >> As if to emphasize the administration

[16:42] desire to keep a crisis atmosphere from

[16:44] developing, Mr. Carter went ahead with

[16:46] his appointments today, including his

[16:48] scheduled meeting with Chancellor

[16:49] Schmidt. Some officials here are

[16:51] suggesting that when the South Korean

[16:53] ground troops fired warning shots in an

[16:55] effort to turn the American helicopter

[16:57] back, it may have disoriented the crew,

[16:59] causing them to think they were already

[17:00] over North Korea. As it turned out,

[17:03] government sources say when the

[17:04] helicopter finally set down, it was 2

[17:06] and a half miles inside North Korea near

[17:09] a communist gun imp placement. When the

[17:11] crew finally realized its location, it

[17:13] was too late. Bob Schaffeer, CBS News,

[17:16] the White House.

[17:18] The president said today that the

[17:19] helicopter in incident would not affect

[17:22] his plan to withdraw US ground troops

[17:24] from South Korea. In the 24 years since

[17:27] the Korean armistice was signed, there

[17:29] have been about 2,000 shooting incidents

[17:31] along the DMZ. 87 Americans and more

[17:34] than 450 South Koreans have been killed.

[17:38] Earlier this month, North Korean

[17:39] President Kim IlSung granted Japanese

[17:42] reporters a rare interview which was

[17:43] broadcast last night in Japan. Kim said

[17:46] he welcomed President Carter's pledge to

[17:48] withdraw US troops from South Korea, but

[17:51] he claimed that spreading the withdrawal

[17:53] out over four or five years and leaving

[17:55] the US Air Force there falls short of

[17:58] Mr. Carter's campaign promise.

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[18:46] Stop me when you think the vitamin value

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[18:49] >> Stop.

[18:50] >> Not yet.

[18:53] >> That's it.

[18:54] >> Nope.

[18:55] >> Is that right?

[18:56] >> It takes at least 16 ounces of any

[18:58] leading natural cereal to equal the

[19:00] vitamins in 1 oz of fortified total.

[19:03] >> That's a big difference. That's the

[19:05] total difference.

[19:09] In Detroit today, there was a show of

[19:11] support for the two Filipino nurses

[19:13] convicted of poisoning hospital patients

[19:15] two years ago. And the nurses were told

[19:17] they can remain free pending appeal.

[19:19] Jackie Castleberry has a report.

[19:22] >> The shock of yesterday's conviction has

[19:24] not worn off for nurses Leonora Perez

[19:26] and Filipina Narciso. Facing the

[19:28] prospect of life in prison, they say has

[19:30] left them stunned and disillusioned. So

[19:33] I had faith in the American justice

[19:36] during the trial and now I lost the

[19:40] faith.

[19:40] >> Only God knows what really happened in

[19:42] the VA. I know I'm innocent. I know

[19:44] Leone is innocent

[19:47] and I I don't understand how an innocent

[19:50] person can be convicted.

[19:51] >> The nurses, both Filipino citizens,

[19:53] believe they were scapegoats. They say

[19:55] there was great pressure to solve the

[19:57] mystery of the rash of breathing

[19:58] failures in 1975 at Ann Arbor's Veterans

[20:01] Administration hospital. They also

[20:03] suspect their nationality affected the

[20:05] jury's decision.

[20:07] >> Yesterday I just thought, my god, maybe

[20:09] they did this because I was a Filipino.

[20:12] >> You think?

[20:13] >> That is my feeling. Yes.

[20:14] >> You think American nurses might have

[20:16] >> been acquitted? Yes.

[20:19] There's no prejudice in the among the 12

[20:21] of us. None. We did not uh feel that

[20:24] they were any different than any other

[20:27] >> color aspect or nationality had nothing

[20:29] to do with

[20:29] >> No, it did not. Nothing at all.

[20:32] >> The support for Perez and Narciso seems

[20:34] to be growing. Today about 200

[20:36] sympathizers picketed the Detroit

[20:38] federal building protesting yesterday's

[20:40] conviction. Most of the protesters were

[20:42] Filipino, most of them nurses. One nurse

[20:45] who worked with Narciso Perez quit her

[20:47] job saying the conviction was a threat

[20:49] to all nurses.

[20:51] Nurses aren't going to be safe giving

[20:53] care to patients anywhere unless a lot

[20:56] of us take a stand about this situation.

[20:59] The court agreed today to continue the

[21:01] $75,000 bond for both nurses. As they

[21:04] left the courthouse, the women thanked

[21:06] the crowd. Miss Marciso was overcome by

[21:08] a motion. Supporters are planning

[21:10] rallies and fundraisers for the two.

[21:12] They will remain free until the court

[21:13] rules on their pending appeal. Jackie

[21:16] Castleberry, CBS News, Detroit.

[21:20] An 18-month-old mystery that reads like

[21:22] a spy novel has now surfaced, and at

[21:24] stake could be the life of a Soviet

[21:26] defector turned double agent. The story

[21:29] involves Nicholas Shadran, who defected

[21:31] to this country 18 years ago under the

[21:33] Russian name of Nikolai Artmanov.

[21:36] Shortly after his defection, he was

[21:38] granted US citizenship. But for the past

[21:40] year and a half, Shadron has been

[21:42] missing and his wife and lawyer charged

[21:44] Soviet skull duggery. Bernard Cal

[21:46] reports.

[21:49] The Shadron House is situated in

[21:50] suburban Virginia. Mrs. Shadron, a

[21:53] Polish-born dentist, defected with her

[21:55] Russian-born husband in 1959. He was a

[21:58] Soviet naval officer. They came to the

[22:00] United States where they were married.

[22:02] She says she did not know that he

[22:04] eventually became what her lawyer,

[22:05] Richard Cape, says was a double agent,

[22:08] working for the US, but feeding

[22:10] doctorate intelligence to the Russians

[22:12] under FBI guidance. She learned that

[22:14] only later after Shadron disappeared in

[22:16] Vienna in December 1975 and drew to a

[22:20] meeting with Soviet KGB agents. She

[22:22] believes her husband is alive and

[22:24] imprisoned in Russia and she would like

[22:26] the help of the White House.

[22:29] >> I would like to appeal through this

[22:31] possibility that I have right now to

[22:34] President Carter to man who is so much

[22:37] concerned about human rights of citizen

[22:41] around the world. appeal to him that he

[22:45] will speak up for citizen of United

[22:47] States and he will take every action to

[22:50] bring my husband home.

[22:52] >> You've been very critical of the State

[22:54] Department's handling of this case. Why

[22:57] do you think they've been acting the way

[22:59] you say they have? Well, I was told that

[23:03] the assessment made in the State

[23:05] Department and the White House is that

[23:07] there's very little chance of getting

[23:08] this man back, even if relations with

[23:10] the Soviet Union were excellent. Uh

[23:13] given the present problems are having

[23:15] with Salt 2 and with human rights

[23:16] campaign, I was told that they simply

[23:18] weren't prepared to take any action that

[23:21] might exacerbate those relations on the

[23:24] slim chance of getting Mr. Shatron back.

[23:26] The State Department would not comment

[23:28] on the details of the story, saying only

[23:30] that it is trying to establish Shadin's

[23:32] whereabouts and get him returned to the

[23:34] US, assuming he is alive. Bernard Calb,

[23:37] CBS News, Washington.

[23:40] On Capitol Hill, a second House

[23:41] committee, the Commerce Committee, has

[23:43] finished work on its part of the Carter

[23:45] Energy Plan. In general, the committee

[23:47] gave the president pretty much what he

[23:49] wanted. Incentives for industries to

[23:51] switch to coal, continued regulation of

[23:53] natural gas prices, and utility rate

[23:56] reforms. Yesterday, Ways and Means

[23:58] completed the tax portions of the energy

[24:00] plan. Another special committee will put

[24:02] the legislation all together. Eastern

[24:05] Airlines today asked the Civil

[24:06] Aeronautics Board to approve on a trial

[24:08] basis a new unlimited travel ticket. For

[24:11] $299 each, Eastern would allow two

[24:14] persons traveling together to go to as

[24:16] many cities served by Eastern in the

[24:18] United States, Canada, and Latin America

[24:20] as they choose during a 3-week period.

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[24:58] >> A bread with fewer calories than yogurt.

[25:01] >> Two slices of Fresh Horizons have fewer

[25:04] calories than a cup of plain yogurt or

[25:06] gelatin. A bread with as much fiber as

[25:08] brand cereal.

[25:10] >> Two slices of Fresh Horizons have as

[25:12] much crude fiber as two bowls of brand

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[25:17] >> Fewer calories than yogurt.

[25:19] >> As much crude fiber is brand cereal.

[25:21] >> Fresh Horizons. Wheat and white. We add

[25:25] fiber and take out calories.

[25:29] While thousands of strangers presumably

[25:32] were drawn together by the great New

[25:33] York blackout, the city and its

[25:35] businesses were losing millions of

[25:36] dollars. Business correspondent Ray

[25:38] Brady reports.

[25:40] The Great Blackout is going to leave a

[25:42] lot of red ink behind it, especially for

[25:45] New York itself. The city lost virtually

[25:47] all the revenue it gets on a normal

[25:49] business day, such as revenue from the

[25:51] city sales tax, from parking meters, and

[25:54] even from offtrack betting. One official

[25:57] feels the loss could add up to $20

[25:59] million. Big money for a city that's

[26:01] still in a financial squeeze. Nearly as

[26:04] hard hit, Wall Street. With both the New

[26:06] York Stock Exchange and the American

[26:08] Stock Exchange closed, it's believed the

[26:11] loss to the financial district alone may

[26:13] have reached $15 million.

[26:16] The closing of the exchanges may have

[26:18] affected people across the country.

[26:20] There were small regional exchanges

[26:22] open. But if an investor were worried

[26:24] about, say, the international situation

[26:26] and he wanted to sell, one Wall Streeter

[26:28] estimates that there are at least 1,000

[26:30] stocks today in which there was no

[26:32] market to buy or sell.

[26:35] The loss to other businesses is certain

[26:37] to run into millions of dollars for

[26:40] department stores that didn't open, gas

[26:42] stations that lost the power to pump

[26:44] gasoline, or supermarkets that saw their

[26:46] merchandise melt away.

[26:49] Whether these businesses can sue

[26:50] Consolidated Edison for negligence or

[26:53] whether this was an act of God is

[26:55] undetermined, but this certainly is

[26:57] still another cloud hanging over New

[26:59] York's problem utility. New York leaders

[27:02] have been trying desperately to lure

[27:04] industry back to the city. They now fear

[27:06] the blackout, the second in 12 years, is

[27:09] going to make the job even tougher. Ray

[27:11] Brady, CBS News, New York.

[27:15] >> That's the news this Thursday night. I'm

[27:17] Roger Mud, CBS News. Good night.

[27:23] >> Aerosol.

[27:24] Not an economical way to apply

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[27:38] ounce Speed Stick. Men and Speed Stick

[27:40] is solid deodorant. An even effective

[27:42] layer of protection you apply directly.

[27:44] Nothing's wasted. That's why 3 million

[27:47] more Americans took our advice. They got

[27:49] off the can, they got on the stick.

[27:54] >> Hi, I'm Pat O'Brien. The makers of

[27:57] Phenomin Gum have a new laxative that's

[27:59] proven effective with people our age.

[28:02] New dual formula phenomen pills. It's

[28:05] today's gentle laxative formula. It

[28:07] contains a mild stimulant combined with

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[28:13] >> And that's something to think about. New

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[28:25] >> This has been the CBS Evening News with

[28:28] Roger Mud substituting for Walter

[28:30] Kronite.

[28:32] >> Stay tuned for Eyewitness News next on

[28:34] channel 5 WTVF Nashville.