Volume 8, Number 24, June 16, 1981



Dateline Mexico

by Josefina Menéndez

Terror threats on both borders.

Middle East Report

by Robert Dreyfuss

Will Peres seize the initiative?

Labor in Focus

by Laurence Sherman

From the Teamsters convention.

Congressional Closeup

by Barbara Dreyfuss and Susan Kokinda

Energy Insider

by William Engdahl

California oil lease battle.


The Federal Reserve Takes Aim at the White House

by Kathy Burdman

Its Wall Street allies are ganging up with Tip O’Neill’s Democrats.

Documentation: An interview with John Kenneth Galbraith.

Breathing Room for the S&Ls

by Kathy Burdman

The new rescue policy and a mixed array of proposals from the thrifts.

Documentation: Interviews with three leading officials of the U.S. League of Savings Associations.

Dereg Takes Its Toll on Trucking

by Peter Rush and Lonnie Wolfe

Currency Rates

International Credit

by Renée Sigerson

George Ball linked to P-2.


by Susan B. Cohen

Secretary Block tours Europe.

Art Investor

by Dr. D. Stephen Pepper

The Picasso syndrome.

World Trade

by Mark Sonnenblick

General Motors, the ‘World Car,’ and the Newly Industrialized Countries

by Richard Freeman

How Smith Distorted Japan’s Advantage

Business Briefs

Special Report

The Mitterrand Challenge to the Western Alliance

by Nancy Spannaus

Schmidt Moves To Rescue Economy

by Susan Welsh

The interest-rate question, the budget question, and the Saudi loan.

The Trail of Italy’s P-2 Scandal Leads to Club of Rome Global Banking Networks

by Vivian Zoakos

Policy Prospects in the New Cabinet

by Joëlle Leconte

The French ‘Imperial’ Faction: Mitterrand Inherits the Mantle of History’s Cuckold

by Laurent Murawiec


How Peking Is Linked to the Bangladesh Coup Attempt

by Daniel Sneider

Daniel Sneider describes India’s self-defense against the China-Pakistan axis.

Documentation: An article from the Indian newspaper New Wave predicting the upheaval.

Vance, the KGB, and the Palme Commission: The Apex of One-World ‘Crisis Management’

by Luba George

Part IV of Luba George’s report on the international peace movement.

How the Ayatollah Was Put in Power

by Thierry LeMarc and Mary Brannan

Thierry LeMarc and Mary Brannan interview Hossein Rastegar of the Iran Liberation Army: Part I.

A Latin American Entente

by Mark Sonnenblick

The summit meeting between Brazil and Argentina made important breakthroughs for the continent.

Documentation: The communiqué, a pro-SATO U.S. statement, and Figueiredo’s rejection of SATO.

International Intelligence


A Democratic Split Would Not Help the White House

by Richard Cohen

Richard Cohen reports from Washington that although Reagan has taken first steps against Volcker, there is no sign of the kind of bipartisan alliance, based in part on curbing the Fed, that could ensure economic recovery and thwart Tip O’Neill’s Fabians.

Challenges to Volcker

A Eurosocialist Labor Faction

by Scott Thompson

The Democratic Socialist Organizing Committee held an international meeting in Philadelphia, and pulled together a trade-union group for Phase II of “Hooverizing” Reagan.

Detroit Totters on Edge of Bankruptcy: Moves Under Way for a Big MAC Plan

by Stephen Parsons

The unemployment situation in the auto center is worse than it was during the Great Depression; the Lazard Frères crew is on hand to arrange the funeral.

National News