Volume 7, Number 28, July 22, 1980



Middle East Report

by Robert Dreyfuss

The Israeli connection.

Dateline Mexico

by Josefina Menendez

Communists back church power play.

Congressional Calendar

by Barbara Dreyfuss and Susan Kokinda

Campaign 1980

Energy Insider



Business Briefs

World Ownership Changes Hands

by David Goldman

OPEC leaders have decided to invest in Europe’s industrial productivity through direct equity holdings, instead of rolling over Western debt. This looks like “reindustrialization” on a grand scale.

Citibank’s Strategy Impasse

by Leif Johnson

Foreign Exchange

International Credit

by Renée Sigerson

BP moves into minerals marketing.


by Alice Roth

A Soviet-South African deal?

Domestic Credit

by Lydia Schulman

Volcker lifts credit controls.


by Susan B. Cohen

Fact and fancy in Reagan’s script.

Science & Technology

by Marsha Freeman

Fusion torch can create resources.

R&D Overhaul

by Mary Gilbertson

An eyewitness report from the AAAS meeting.

‘Technology Versus Jobs’ Is a Swindler’s Hoax

by Lyndon H. LaRouche, Jr.

Contributing editor Lyndon H. LaRouche analysis how history, and rational economics, show that innovation expands the employment base, while stagnation kills it.

Special Report

Mont Pelerin’s Hatchetman: Milton Friedman

by David Goldman

Friedman’s price and money supply theory have little to do with the slash-and-burn policies he recommends is the Hapsburg old boys’ network of former Nazis who promoted him, and who now may have to give the Nobel prizewinner a pink slip.

Friedman’s Nazi Economics: Turning Inflation Inward

Setting up Nixon for August 1971 — The Case of Chile — The Case of Israel.


International Intelligence

Giscard in Bonn Foresees ‘European Renaissance’

by Susan Welsh

Alongside an unprecedented emphasis on joint Franco-German military resources, the French President’s summit meeting with Chancellor Helmut Schmidt outlined the political and economic superpower potential of Europe.

Documentation: Excerpts from Giscard’s Frankfurter Rundschau interview and Schmidt’s Le Figaro interview, and Schmidt’s toast to Brezhnev.

China’s Dilemma in East Asia

by Daniel Sneider

As seen by Peking, Washington, Moscow, and Hanoi.

Church Radicals Organize ‘Chicano Violence’

by Tim Rush

Hispanic-American insurgencies, created from scratch by the Society of Jesus, are slated to destabilize both Mexico and the Southwestern United States.

Tightening Up on Immigration

Civiletti Proposes Work Cards – New York Times Backs I.D. System.

Liberation Theologists Prime Terrorism

by Carlos de Hoyos

Test-Tube Radicals in the Land of Aztlan

by Dolia Pettingell


The Nation’s Most Candid Planner of Genocide.

National News

Will Carter Start a July Missile Crisis?

by Warren Hamerman

Warren Hamerman explores the possible twists and consequences of the Council on Foreign Relations strategy for the Democratic Presidential nomination.

The Democratic Fix: Carter’s Gangsters Make the Rules

by Vin Berg

Democratic convention delegates will be turned into punchcards or punching bags-if the Rules Committee’s decisions stand.