Volume 19, Number 50, December 18, 1992



Arturo Tolentino

by Lydia Cherry

A senator in the Philippines Congress, Mr. Tolentino is a member of the National People’s Coalition and a former minister of state for foreign affairs in the Ferdinand Marcos government. He is known as a leader of the anti-IMF faction in his country.

Book Reviews

From ‘October Surprise’ to Iraqgate: A Decade of Geopolitical Duplicity

by Edward Spannaus

Profits of War: Inside the Secret U.S-Israeli Arms Network, by An Ben-Menashe.


Andean Report

by Robyn Quijano

Venezuelans Democratically Reject CAP.

Report from Rio

by Silvia Palacios

Leftists Push “Proletarian Monetarism.”

Dateline Mexico

by Carlos Cota Meza

Narco-Terrorism on the Northern Border?


Merry Christmas?


FDIC To Close Sick Banks, But Can’t Cope with Crisis

by John Hoefle

While everybody is talking about a “December Surprise” of post-election U.S. bank closings, the magnitude of the crisis is much greater than the authorities are willing to admit. The new bank capital guidelines, intended to close some bankrupt institutions before they fail, will do nothing to solve the problem.

‘Derivatives’ Devour the Financial Markets

by Anthony K. Wikrent

Philippines Congress Seeks To Reclaim Sovereignty from IMF

by Lydia Cherry

Facts Show that the IMF System Has Failed

by Lydia Cherry

An interview with Arturo Tolentino.

Currency Rates

Casino Gamblers Prey on Depression Collapse

by H. Graham Lowry

Business Briefs


Fresh Water Is Never Too Expensive

by Marcia Merry

Plentiful fresh water can be made available to every person on this planet—provided the commitment is there to apply advanced technology. In the latest installment of EIR’s series on infrastructure development, Marcia Merry shows how we can get the right quantities of water to the right place, at the right time.


Virginia Cases Sought To Destroy LaRouche Movement

The current trial of five men charged with a plot to kidnap associates of Lyndon LaRouche, is only the most recent outrage by the “Get LaRouche” task force. One of the “Kidnapers, Inc.” defendants, former Virginia Sheriff’s Lt. Donald Moore, has been a major player in the Commonwealth of Virginia’s railroad prosecution of LaRouche supporters, which has so far meted out prison sentences of up to 77 years for “securities violations.”


Violence Sweeps India: Will the Nation Survive?

by Ramtanu Maitra

Reports from New Delhi on the crisis that erupted in Ayodhya, where a Hindu fundamentalist mob attacked a Muslim mosque and totally destroyed it. The government of Prime Minister Rao has moved swiftly to punish those responsible, but a lot more than that will be needed to preserve national unity.

‘Caring Imperialism’ Won’t Save Somalia from War and Famine

by Joseph Brewda

Russia Balks at International Monetary Fund Shock Therapy

by Konstantin George

Secret Serbian Plan for War on Macedonia

by Umberto Pascali

ADL’s Foxman Caught Destabilizing Latvia

by Mark Burdman

Mafia, Freemasons Plot To Break Up Italy

by Claudio Celani

WCC Renounces Concept of Man in the Image of God

by Mark Burdman

World Mobilization To Free LaRouche

International Intelligence


Clinton’s Economic Team: The Wrong Direction

by Kathleen Klenetsky

Wall Street is calling the shots, as the appointments of Lloyd Bentsen, Roger Altman, and others demonstrate they stand for free trade, deficit reduction, and austerity. It sounds like the Bush Administration, doesn’t it?

Bevel Vows: Pike Statue Will Come Down

Insurers Propose Universal Health Care

by Linda Everett

National News