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Dollar’s Falling Value Ripples Through U.S. Economy

As the value of the dollar has fallen, the U.S. economy has had to adjust in a multitude of areas. While some sectors have benefitted from cheaper U.S. exports, others have felt the pinch of inflation. Paul Solman examines the impact of the dollar's value.

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  • JIM LEHRER:

    Now, a fast-moving economics story. Our economics correspondent, Paul Solman, reports from California on some of the many impacts of the falling dollar.

  • PAUL SOLMAN, NewsHour Economics Correspondent:

    At the booming L.A. company Not Your Daughter's Jeans, their hottest item, the Tummy Tuck, around $100 a pair at stores like Nordstrom's.

  • GEORGE RUDES, CEO, Not Your Daughter’s Jeans:

    Let me show you what the Tummy Tuck is.

  • PAUL SOLMAN:

    Company CEO George Rudes.

  • GEORGE RUDES:

    We've taken the stretch out of the garment and we have passed it to the back of the garment so it flattens the tummy.

  • PAUL SOLMAN:

    This, no give.

  • GEORGE RUDES:

    No give.

  • PAUL SOLMAN:

    Here, plenty of give.

  • GEORGE RUDES:

    Here it gives. So we've transferred it from here to the rear.

  • PAUL SOLMAN:

    And that's what you're wearing, too, is the same?

  • GEORGE RUDES:

    I'm wearing the men's jeans that we'll now be going into production on.

  • PAUL SOLMAN:

    The Tummy Tuck technology is patented. The quality control is hyper-vigilant. And George Rudes is no slouch at peddling his product.

  • GEORGE RUDES:

    You're going to love this jean. I want you to stay dressed as you are. Just try this jean on, because these we're making now for men. You'll feel the stretch, and you'll tell me how you feel about it. He's going to love it.

  • PAUL SOLMAN:

    OK, here we are, George.

    They felt good, but a tad tight. George, however, was undeterred.

  • GEORGE RUDES:

    Your backside looks great.

  • PAUL SOLMAN:

    Unabashed.

  • GEORGE RUDES:

    Be careful. The women will hit on you.

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