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NO comments THE PRESIDENT HAS SEEN NEWS SUMMARY February 23, 1973 (Thursday nets, wires) The major stories of the day: - "One year and 1 day after RN arrived in Peking on historic journey of peace, 11 US-PRC announced important steps toward diplomatic relations, said Cronkite over pic of RN-Mao in lead CBS report, while ABC in its lead said agreement "took steps to accelerate normalization of relations. 11 W/#2 story, Chancellor said this was "day of historical importance, 11 adding liaison offices "almost amount to diplomatic relations. Sevareid, in fairly positive commentary, said offices would be diplomatic ones w/out calling it that HAK on ABC/NBC described reasons for establishing offices and their functions, while on CBS he denied action was against any other country Both NBC/CBS felt pro- gress was much faster and went much further than had been anticipated, w/Valeriani asserting war's end "paved the way for breakthru. 11 Film of HAK on all nets denying NVN aid is a "ransom, " but rather a long-term "investment for peace. 11 - Controversy over Israeli downing of Libyan plane was major report (5-7 mins. ) on all nets, as Israeli spokesinen maintained it only meant to force landing of plane when it didn't obey its orders, and Egyptian officials insisted Israel must bear full responsibility. CBS/NBC reported alleged tape of pilot's voice said he was having trouble w/heading and the compass, and then added plane was being shot All nets w/film of Dayan denying any political or diplomatic significance in incident. It was strictly a military matter, and Israel was sorry but felt no guilt. NBC noted absence of reaction from Libyan Pres. whose responses are "unpredictable, often surprising. 11 - All nets noted food prices jumped 2. 1% in Jan., "biggest 1-month increase in 17 years" (NBC), confirming early predictions (CBS) and Butz' statement (ABC.) Chancellor said RN statement was "borne out" by increase Overall cost of living rose 3%, and purchasing power declined CBS noted RN's economic message called for tax reform and relief for elderly and parents of parochial school children, while NBC noted he repeated food price increase