Volume 7, Number 49, December 16, 1980
Departments
Editorial
Congress must control the Fed.
Middle East Report
by Robert Dreyfuss
Why Begin stays in power.
Dateline Mexico
by Josefina Menendez
Is Hank the most popular candidate?
Energy Insider
by William Engdahl
The Halbouty report on energy: recommending a growth perspective.
Science & Technology
by Vin Berg
CT scanner cuts total medical costs.
Economics
Thrift Institutions Fight for Their Lives
by Kathy Burdman
A report on the annual convention of the U.S. Savings League.
Documentation: Three interviews with League officials.
International Credit
by Renée Sigerson
IMF sidesteps U.S. Congress.
Domestic Credit
by Richard Freeman
Volcker goes for broke.
Gold
by Alice Roth
Reagan’s choice: Friedman or Rueff.
Agriculture
by Susan B. Cohen
Pension funds making a land grab?
World Trade
by Mark Sonnenblick
The Northeast Drought Hoax
by Leif Johnson
While the New York Times twists the rainfall figures, the crisis managers are standing by.
Business Briefs
Special Report
Selling America’s Cities on the Black Market
by David Goldman
An introduction on free banking zones by David Goldman.
Laundering Offshore Funds Onshore
by Kathy Burdman
How hot, and dirty, money would flow through the zones.
What Are International Banking Facilities?
The Economic Future under Free-Zone Banking
Real Estate: Buying Cities Cheap ... with Drug Revenues
by Lydia Schulman and David Goldman
An extract from an extraordinary January 1981 War on Drugs exposé of the biggest real-estate speculators.
‘Hong Kong’ Model for Housing and Jobs
by L. Wolfe
How Heritage Sells the Enterprise Zone Plan
Columbia’s Savas on ‘The Free Market’
Indexing Mortgages To End Rent Control?
New York State Ends Usury Ceilings
The New Battle Over Rent-Control Policy
International
Soviet Moves in Poland Hinge on Economic Policy
by Vivian Zoakos
The Arab League Summit
Economic and diplomatic results.
Documentation: Excerpts from the final communiqué.
Syria’s Assad Backs Himself into a Corner
by Robert Dreyfuss
Oil Crisis Neutralized?
by Judith Wyer
Italy: Socialist Leader Craxi Attempts To Exploit the Earthquake Crisis
by Mary Sonnenblick
Dortmund Fights Deindustrialization
by Luba George
A report on West Germany’s Ruhr.
Right-left Setup for Reagan on Mexico’s Southern Border
by Dennis Small
A report on El Salvador.
Documentation: Excerpts from a Carter Administration advisory document.
International Intelligence
National
House Majority Leader: Volcker Bankrupting U.S.
by Barbara Dreyfuss
Democrats Jim Wright, Bill Alexander, and others have issued unprecedented blasts at the Federal Reserve and its policy.
Documentation: Excerpts from statements on the floor of the House of Representatives Dec. 13, and policy attacks from other leading Democrats.
Profiles: Caspar Weinberger and Alexander Haig
by Kathleen Murphy
Kathleen Murphy describes how these two aspiring cabinet members earned respective monickers, “The Knife” and “The Paperclip.”
National News
