Volume 7, Number 50, December 23, 1980



Book Review

by Alice Roth

A Triffinite in Rueff’s clothing (Review of Milton Gilbert’s Quest for World Monetary Order: The Gold-Dollar System and Its Aftermath).

Science & Technology

by Vin Berg

Darwinism dethroned by the evidence.

Report from New Delhi

by Paul Zykofsky

His Highness visits India.

Middle East Report

by Robert Dreyfuss

Prime Minister Sadegh Ghotbzadeh?

Dateline Mexico

by Josefina Menendez

López Portillo calls Klein a speculator.

Energy Insider

by William Engdahl

Part II: the Halbouty report to the Reagan Administration.

Facts Behind Terror

by Jeffrey Steinberg

Behind the “rise of the right” scare.


Deflationary Policy Urged On Reagan

by David Goldman

Lehrman, Stockman and the Siena Group propose a bogus alternative to Volcker’s monetarism.

Treasury: Too Many Thrifts, Too Much Housing, Too Little Dereg

An interview with a strategist who fears Congress will reverse 1979’s motion toward those goals.

The Obstacles to Interstate Banking

The Ruhr Decides To Fight the Recession

by George Gregory

The Hoesch steel modernization decision, and pronuclear efforts.

Rebuilding Italy’s Economy with the ‘Heavy Lira’ Program

by Graham Lowry

A report on an EIR-Fusion Energy Foundation conference in Rome.

Domestic Credit

by Richard Freeman

When the economy goes.


by Alice Roth

Triffin’s new gold standard.

World Trade

by Mark Sonnenblick

Foreign Exchange

by David Goldman

London predicts January dollar crisis.

Currency Rates

Business Briefs

Special Report

Eurosocialists Launch Takeover of Democratic Party

by Konstantin George

An overview, including the activities of Henry Kissinger and Georgi Arbatov during the recent social-democratic conference.

The Second International Plans Radicalization of America

by Scott Thompson

A report on the Washington, D.C. conference.

Documentation: Excerpts from speeches by Willy Brandt, Joop den Uyl, Olof Palme, William Winpisinger, and Anthony Wedgwood Benn, with background on the Brandt Commission and British Labour Party.

El Salvador’s ‘Just Struggle’


Europe, Jordan Make New Mideast Offer to U.S.

by Judith Wyer

The results of the Luxembourg European Community summit.

Documentation: Sections of the communiqué.

The Devolution of Venezuela

Hard figures on how the Herrera Administration has wrecked the economy since March.

Documentation: The emergence of opposition.

German FDP Wants To End ‘Gigantomania’

by Rainer Apel

A report on the latest Free Democratic Party conference.

Court Rules Against IHT in LaRouche Case

The Paris verdict was that the International Herald Tribune had defamed the Democratic candidate.

Political Strife Flares Again in Nicaragua

by Gretchen Small

Intra-governmental battles are moving out of control.

International Intelligence


Kirkland, O’Neill Plan Democratic Split

by L. Wolfe

Part of the game-plan that circulated at the Socialist International conference.

Documentation: Interviews with three U.S. social democrats.

Democrats Vie for Committee Control

by Barbara Dreyfuss

The Speaker of the House lost a few battles.

Tip O’Neill’s Economic Mentor

State Chairmen Expand Voice

by Laura Chasen

The Democratic National Committee executive also boosted the role of elected officials: an on-the-scene report.

Curbing the EPA

by Susan B. Cohen

New legislative provisions prevent unscientific rulings by the Environmental Protection Agency.

‘Misconduct Was by Government’

The District Court ruling that the Justice Department abused its powers in two Abscam cases.

Documentation: Excerpts from the court decision.

National News