Volume 13, Number 19, May 9, 1986



Luigi Tommaso Memmi, member of the Italian Parliament

by Fiorella Operto Filipponi

The Christian Democrat discusses the rationale for his legislation to bring the Bank of Italy under government control.


Strategic Map

The Global War on Narco-Terrorism: Where It Stands

Dateline Mexico

by Josefina Menéndez

Dollar Accounts Are for Drug Traffic.

Africa Report

by Mary Lalevée

Africa Facing Economic Disaster.

From New Delhi

by Susan Maitra

Model for “South-South” Cooperation?

Andean Report

by Javier Almario

Lara Bonilla Policy Still Prevails.

Report from Rome

by Fiorella Operto Filipponi

The Fraud of the Italian Recovery.

Southeast Asia

by Sophie Tanapura

Soviets Court Thai Government.


Our British Cousins’ Queen.


U.S. Debt Bomb Spurs Economy toward Depression

by Christopher White

The Fed at last sees a problem in the growth of U.S. debt, but will it find a solution?

Bank of Italy May Lose Its ‘Divorce’

by Umberto Pascali

Currency Rates

Mexico’s ‘Parallel Markets’: A Tale of Dirty Money and the IMF

by Carlos Cota Meza

Maryland Health Crisis: TB Outbreak Ignored by State Officials

by Debra Freeman

Foreign Exchange

by David Goldman

The Dollar Becomes a “Doomsday Machine.”

Domestic Credit

by David Goldman

The Collapse of Bank Lending.


New Failures Rock Southwest Banking.

Business Briefs

Science & Technology

The Collapse of the U.S. Shipping Industry

by Thoula Frangos

The technology exists to reverse the catastrophic decline in U.S. shipping and the shipbuilding industry. But will it be used?

The History of Submarines and Nuclear Propulsion


Billion-Dollar Arms Bust Blows Israel’s Khomeini Connection

by Jeffrey Steinberg

The story behind the biggest arms-smuggling bust in history.

Israel’s Khomeini Arms Network

by Joseph Brewda

Cyrus Hashemi: Gun Runner for Sale

by Edward Spannaus


Ibero-American Leaders Demand War on Narco-Banks

by Silvia Palacios and Valerie Rush

OAS Action Program for a War on Drugs

Excerpts from the anti-drug program approved at the Specialized Inter-American Conference on Drugs, sponsored by the Organization of American States in Rio de Janeiro.

War Against Narco-Terrorism Rages in Peru’s Upper Huallaga

by Orlando Carrera Lázaro


Is Soviet Culture Ready for the Nuclear Age?

by Criton Zoakos

The question raised in the wake of the Chernobyl plant disaster concerns the moral capacity of Soviet culture, not its technological development.

Global Showdown: Russians Rehearse Seizure of Norway

by Konstantin George

Panama Denounces State Dept. Plot; Opposition’s Drug Links Exposed

by Valerie Rush

Western Europe: Pro-Life Organizations Rally against Holland’s ‘Death Lobby’

A first-hand report from the front lines of the most advanced battle over euthanasia legislation.

International Intelligence


Gramm-Rudmanized Budget Passed by Senate

by Nicholas F. Benton

The Congress, driven by fear of the LaRouche alternative, is trying to slip one past the American people.

Budget Bill Argued before Supreme Court

by Sanford Roberts

Weinberger Asserts Six-Point Doctrine

by Nicholas F. Benton

EIR Releases Report on Crisis in Education

Space Program: Titan Explosion Creates Emergency; U.S. Without Heavy Launch Capability

by Robert Gallagher

Campaign 1986: High Stakes in Oregon Primary

by Marla Minnicino

Profile: Dr. Joseph Fletcher: A Man Who Thinks Infanticide ‘Humane’

by Linda C. Everett

Kissinger Watch

by M.T. Upharson

It’s Silly Season for Appeasers in Europe — A Back Channel to the U.S.S.R. — The Bilderbergers and Bonnie Prince Charlie.

Eye on Washington

by Nicholas F. Benton

Did Claiborne Pell Save Qaddafi’s Life? — Soviet SDI Goals “Different than Ours”.

Congressional Closeup

by Kathleen Klenetsky

National News