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The President did usT NEWS SUMMARY January 15, 1972 see this Summary (Friday nets, wires, columns) The major stories of the day: Jank Janke 8 - Wholesale prices up 8% in December -- 8 times the Nov. rise but the spurt was expected by Admin. (Stein on ABC only saying it wasn't as bad as expected.) Inflation rate for year, however, slowed -- but SO did nation's growth as stix were revised sharply downward for 3Q. (Led 2 nets.) Meanwhile prime rate hits 10 year low as 2 big NYC banks reduce rate to 4 3/4%. And Dow- Jones up over a point. (Lengthy NBC clip on inequities of tax law -- welfare for the wealthy thanks to loopholes.) - Dispute over clearcutting finds Admin. siding with timber industry tho CEQ wished it could have still gone along with original draft of an RN order. (Schorr report) - Controversy over the once-widely-hailed heart transplant which remains an operation of last resort. - Gloomy and lengthy reports on 2 nets on Indochina fighting: ARVN/ Cambodian rift; Laotian problems and ARVN's weakness in Quang Tri. And ABC says units will be broken up in VN, but strength will remain about same because of security needs. - Cong. Scheuer becomes 1st elected US official ever expelled from USSR. - Muskie and Chisholm are shown on campaign trail. INDOCHINA 11 minute lead on NBC on Indochina-related news and over 6 minutes on CBS. None of it gave a very rosy picture of war situation. NBC featured conflict between ARVN and Combodians over who is responsible for the withdrawal from Krek which left enemy in control of the region. Cambodians say Viets left without warning and took artillery with them. Therefore they