Volume 7, Number 17, May 6, 1980



From the Editor-in-Chief

by Daniel Sneider


By the laser’s red glare.

Dateline Mexico

by Josefina Menendez

What did Brandt tell Castañeda?

Middle East Report

by Robert Dreyfuss

Carter’s deal with the Brotherhood.

Energy Insider

by William Engdahl

A new gasoline technology.

Congressional Calendar

by Barbara Dreyfuss and Susan Kokinda

Campaign 1980

by Kathleen Murphy


The IMF Meets To Plan the Dollar’s Demise

by Richard Freeman

The funny-money boys at the IMF have yet another scheme to push through their Substitution Account and Special Drawing Rights. As in every other effort to win their way, it involves the Iran crisis.

Domestic Credit

by Lydia Schulman

A few concessions.


by Alice Roth

The iron law of money?

World Trade

by Richard Schulman

The Jesuits’ export drive.

Foreign Exchange

Trade Review

Science & Technology

Coal conversion: A disaster.

Business Briefs

Special Report

LaRouche-Riemann Model Forecast: Can the U.S. Economy Survive the Depression?

by David Goldman

David Rockefeller recently said: “There is no possibility of recovery without a real recession.” The LaRouche Riemann econometric model has now proven the opposite: There is no possibility of an indigenous U.S. economic recovery if present recessionary policies continue for even six more months. A thorough report, by Dr. Uwe Parpart, Dr. Steven Bardwell, David Goldman, and Leif Johnson.

The 1980 Recession: Not Like Any Other

by Leif Johnson

Economics: The Thermohydrodynamic View

by Dr. Steven Bardwell and Dr. Uwe Parpart


Countdown For War on the European Battlefield

by Vivian Freyre Zoakos

The indications are growing fearfully that Europe is sliding into capitulation to the Anglo-American war faction around the “Iran crisis,” created to force just such a backdown in all policy-areas. At stake is the Franco-German alliance, the European Monetary System, and, for that matter, human civilization itself.

Documentation: Chancellor Schmidt’s remarks, and commentaries from the Kremlin, Paris Match, the Times of London, the Guardian, and the Economist.

West Germany

by Susan Welsh

The Schmidt government–walking on a tightrope.

France: Giscard Faces Blackmail and Domestic Pressures

by Garance Phau

Britain: The World’s Worst Economists: Can They Dictate to Europe?

by Susan Johnson

Italy: A Terrorist Government Attacks the Communists

by Vivian Freyre Zoakos

Japan: Lobbyists for Carter in Luxembourg

by Richard Katz

International Intelligence


The 1981 Defense Budget: A Buildup or a Bluff?

by Konstantin George and Susan Welsh

The DoD’s FY 1981 “arms buildup” spending embodies a defense program that will actually decrease U.S. capability to fight general war, but increase the likelihood of general war.

What the New Spending Is For

Why has Benjamin Civiletti Been Releasing the Terrorists?

by Robert Greenberg

So-called Puerto Rican nationalists, so-called black nationalists, and lots of just plain gunmen and bomb-throwers are back on America’s streets thanks to the “personal intervention” of the Attorney General.

National News