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Ford faces Economic Summit amid inflation fears
Washington AP The nation eyes a week of economic talks as experts and policy makers gather for a high profile Economic Summit Conference in a Washington hotel to curb 12 percent inflation and avert recession. Ford faces criticism for rate hike moves, while Greenspan warns about impact on the poor. The Dow hits a 12 year low as August prices surge 1.3 percent, lifting overall inflation and squeezing real earnings.
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Don McLeod
Associated Press
Washington
White House
Ford Administration
Ford
Alan Greenspan