Volume 8, Number 27, July 7, 1981



Art Investor

by Dr. D. Stephen Pepper

No comparison.

Book Review

by Thierry LeMarc

What are the true roots of Islam?

Dateline Mexico

by Josefina Menéndez

The case of the “Centro Tepoztlán.”

Middle East Report

by Robert Dreyfuss

The fuse is lit.

Eye on Washington

by Stanley Ezrol

Congressional Closeup

by Barbara Dreyfuss and Susan Kokinda


If a Credit Crisis Comes, Will It Be Manageable?

by David Goldman

Why “controlled disintegration” of investment flows may get out of hand.

Currency Rates

How Chase Staves Off Bankruptcy

by Richard Freeman

Its Asian business is the key, primed by illicit revenues, concludes Richard Freeman.

Documentation: Chase’s singular advisers.

Real-Estate Crisis or Pension Fraud?

by Kathy Burdman

Kathy Burdman’s exposé of the latest attempt to unload bad paper on the pension funds.

Foreign Exchange

by David Goldman

There is a danger of exchange controls.

International Credit

by Renée Sigerson

State and the Brandt Commission.

World Trade

by Mark Sonnenblick

Britain’s Strategy Forces a Turning Point for Oil Producers

by Judith Wyer

Judith Wyer’s overview of the pressure toward price indexation.

Business Briefs

Special Report

Italy’s P-2 Scandal Implicates Haig and the Trilateralists

by Vivian Zoakos

Documentation: The “Haig document” as reported on by Rome’s PCI-connected Paese Sera, citing Masonic sources.

A History of the P-2 Conspiracy

by Umberto Pascali

Extracted from a lengthy dossier complied by Rome correspondent Umberto Pascali.

A Map of the Financial Powers that Control P-2 Operations

by David Goldman

Masonic P-2 Operatives in Mexico Brought to Account by the PLM

by Dennis Small

A fight that has reverberated in Italy.

Documentation: A statement of self-defense by Mexico’s chief Mason.


Japan and Southeast Asia Reject Haig’s China Card

by Richard Katz

Richard Katz reports on the ASEAN meeting and the Japanese Foreign Ministry’s response.

Moscow on a Military Footing

by Rachel Douglas

Brezhnev’s group now sees fit to downgrade détente efforts and make war-preparedness the rule of foreign policy.

The Club of Rome Launches Its Latin American ‘Pilot Project’

by Gretchen Small

A report from Caracas.

Documentation: The highly placed speakers at the Club’s June conference.

A Challenge to Peccei Bursts Out in Mexico

by Elsa Ennis

A second Club of Rome gathering.

The New French Cabinet: Who Gained

by Dana Sloan

Not the Communists, but the terrorists.

In Memoriam: K.D. Malviya: An Indian Nation-Builder

by Ganesh Shukla

International Intelligence


A Victory for Reagan ... or for Haig and Volcker?

by Richard Cohen

Richard Cohen lays out the Administration’s choices following the budget’s passage.

The Office of Management and Budget: A Subversive Institution Gone Wild

by Vin Berg

David Stockman’s curriculum vitae, the strange backgrounds of his underlings, and the antigrowth reasons why Cap Weinberger established the OMB.

The Federal Election Commission: A Weapon Against Constituency Politics

by Freyda Greenberg

A second backgrounder: how the FEC gained momentum for undercutting the kind of politicians who would oppose Stockman.

Campaign Groups Cite FEC Violations

Anti-Volcker Moves Shake Up Washington

How Rep. Stenholm Sees His Policy Role

by Stanley Ezrol

An interview with the controversial leader of the Democrats’ Conservative Forum.

National News