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THE PRESIDENT HAS SEEN of NEWS SUMMARY December 22, 1973 (Fri. Nets, Wires) The major stories of the day: "It finally came to pass, 11 led Cronkite, that Arab and Jew met together to talk of peace in the Holy Land. Chancellor in lead NBC story said conference has "great promise" but negotiating won't be easy. On CBS HAK said sides can "ex- haust themselves in maneuvers¹ or try to make real progress, not propaganda. On NBC/ABC he asserted the "common goal of peace" must be broad enough to embrace the varying Arab- Israeli aspirations. But the Arabs talked tough, perhaps just for the record suggested Utley. Eban and Fahmy on film clashing. But Sat. is 1st private session noted Utley and that may produce 1st progress. ABC again w/background reports on Arab-Israeli mood. Noting Hill's desire to adjourn ABC led saying Hill passed flurry of bills, but not energy legis which was bogged down in wind- fall profits dispute. CBS/NBC also w/reports. Breaking stale- mate Senate buckled (52-8) to oil-state filibuster backed by lobbyists and WH. An angry Jackson warned of punitive action after recess on CBS/ABC film. ABC's Clark said Senate sent bill to House where they'l have to "take it or leave it" CBS w/ look at enormous profit jumps for big/majors oil in '73 -- partially because '72 was poor year ABC film noted skepticism about energy crisis in Berkshires. So did Brinkley who noted Americans will respond to Simon's call for 10-gal. restriction if they're given a good reason for sacrifice, if they're not talked to like children, if they don't feel they' re being swindled, if they see their leaders actually setting an example. CPI was up 8% in November -- that's 8. 4% since Nov. '72, noted Chancellor, largest annual increase since BLS has kept records on big increases in fuel and electricity costs. Chancellor noted food costs were up 1. 4% last month D-J was off 10 but finished week up 3. Chancellor noted energy crisis has also been bad news for homebuilders w/housing starts off 3/4M