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NEWS SUMMARY THE PRESIDENT HAS STREET December 12, 1972 (Monday nets, wires, mags, columns) Major Stories of Day: All nets led with Cernan and Schmitt's bull's-eye lunar landing as the two explorers could hardly contain themselves. Schmitt enthusiastically exclaimed "Oh, man, look at that rock over there, it's absolutely incredible, 11 and Cernan yahooed "We is here, man is we here. 11 UPI reported the two sounded like excited children at Disney World. NASA called the landing - about 300 feet off target "about best ever made. 11 As Cernan stepped onto lunar surface, he dedicated first step "to all those who made it possible, 11 and Schmitt, noting it was last Apollo, thinks "the next generation should accept this as a challenge. 11 All nets reported Shultz said R.N will ask controls be extended beyond April 30 expiration date; that salaries at executive level will be frozen in all 3 branches; and that freeze has been placed on Govt hiring and promotions. Shultz ruled out a return to voluntary guidelines, and Shultz, on ABC/NBC, said Admin will no longer discuss question of whether there will be controls but what kind of system will be most effective ABC's Jarriel saw move as admission economy is still inflationary and beyond voluntary restraint, and NBC's Kiker says control could end up as first big WH-Hill confrontation in 173 CBS' Schorr foresees Govt control of itself, at least as sternly as it controls the economy. Sevareid commented on the hard time the Admin faces in controlling the economy, particularly when the war simmers down and domestic ailments move to the center of attention. All nets with more positive reports on peace talks, with NBC's Utley seeing peace "perhaps close at hand at last" w/Porter-Thuy; HAK-Tho and technical meetings scheduled Tues. an indication peace could come this week. Film on ABC/NBC of what NBC called "Surprise" Porter presence for first time at private sessions NBC's Dobyns reports Paris speculation is agreement could come in days while Valeriani notes Washington diplomatic sources think agreement could come Wednesday, following Thieu's Tues. speech to S. Viets ABC sees no reason for pessimism but net sources say agreement is not expected within a few days tho it will come soon Altho CBS' Collingwood cautioned that it's easy to read too much into the talks, he points out that the actions of both sides are consistent w/what would happen if a settlement were in sight the drafting experts won't be busy drafting nothing Valeriani says one theory re: official blackout on talks is that RN will announce settlement and no one wants to upstage the Pres.