An analysis of 1970s headline-making events and a forecast of the year to come. The 12 news correspondents (linked by satellite) reviewing the issues : Sander Vanocur, Herbert Kaplow and Richard Valeriani in Washington, Fred Briggs, Jack Perkins, and Steve Delaney in Chicago, Ray Scherer, Douglas Kiker, and Garrick Utley in London, and John Rich and Richard Hunt in Tokyo. John Chancellor in New York is the anchorman.