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NEWS SUMMARY October 23, 1971 (Friday newscasts, wires, THE PRESIDENT HAS SEEN There are 3 major stories dominating all else: 1) Generally positive reception to Court nominees and expectations of easy confirmations as controversy develops over purpose of the list sent to ABA with some charging it was "smokescreen" to embarrass ABA. Sevareid wonders if Powell and Rehnquist are not weak in backing up the Bill of Rights as he sees the Court taking "a sharp rightward turn losing some altitude. 11 2 nets with film of RN before GOP Women saying female would be on Court yet. 2) Cost of living - - 0.2% rise - - is half of August and third quarter is down from second quarter -- good news resulting from freeze -- but failure of GNP to grow as much as expected results in an overall grade of "mixed and uncertain" for the day's economic statistics. 3) With absence of labor members unexplained, Pay Board got for Chairman a 67 year old Judge who emphasized need for curbing inflation if we're to avoid disaster and SMU's Grayson to Price Board was also confirmed. Meanwhile the legality of the freeze was upheld by -judge federal panel. Other stories getting more than routine coverage: -- Demonstrators again turn out to jeer Kosygin. -- Tension and violence continues in Memphis. - More testimony on the allegedly far-reaching corruption among NYC's police. - The men at Fire Base Pace on the Cambodian border who have been shelled for days and several times refused to go into combat have been flown out - - "routine", says Army. -- More serious developments on Indian-Pakistan front with no one reporting any lessening of chances of war there. *