the pipeline, says Stern, is to Western unity; the episode is a "classic example of how not to manage an alliance."
"The Marine Corps Faces the Future" by
Gung Ho,Again Michael Wright, in The New York Times Magazine (JU& 20, 1982), 229 West 43rd St., New York, N.Y. 10036.
Its ordeal during the Vietnam era "nearly left the Marine Corps a burnt-out case," writes Wright, a New York Times editor. Now the Corps' fortunes have improved.
In 1965-73, the Marines lost...
former "leathernecks" in Con- gress. Today, the Corps is the only military service to enjoy a legislated mini- mum force structure.
are on their way to the troops.
With a revived mission and better weaponry to back up its tradi- tional esprit, Wright concludes, the Marine Corps now again seems likely to survive as the nation's proud "all-American anachronism" among the services.
"A House Divided" Adam Zagorin, in
Lebanon's'u'u" �£,�£ig�£~o~i~~�£�£~9~~.0.~Farmingdale,N.Y....
Arab na- tions in 1979, less than 20 percent has been dispensed. The public debt has climbed to over $1 billion, more than an entire year's budget.
Meanwhile, the black market economy is booming, spurred civil war factionalism. About one-quarter of Lebanon's 400,000 workers are employed in the "underground" economy. The hashish trade reaps some $1 billion annually. Other smuggling reduced government customs duties collections by 40 percent during the first half of 1981. Lebanon's rival...
cash reserves. Audits are not required, and no governmental authority stands ready to make good on de- positors' claims if a Eurobank fails.
At present, outstanding loans far outweigh the Eurobanks' reserves, Zevin writes. Although loans to multinationals have been repaid out of profits, some $500 billion in loans to developing countries remain unpaid-and largely unpayable. Interest on these loans totals $60 bil- lion annually. Eurobanks handle the problem "rolling over" the debt-making...
only 54 percent. In 1975, payments took 21 percent of monthly income; 1980,30 percent. Fewer families could muster the financial resources required to qualify for a mortgage.
Because today's large pool of young adults still needs housing, Browne believes the market will recover as soon as interest rates de- cline. But the boom of the 1970s, she says, is over for good.
Trustbusters "Reagan's Antitrust Line-Common
Sense or an Invitation to Corporate Change Course Abuse?" by Michael Wines,...
PERIODICALS
ECONOMICS, LABOR & BUSINESS
petitive practices. In fact, says National Journal correspondent Wines, the policy changes may be more psychological than legal.
The government's two chief antitrust watchdogs, the Justice De- partment's Antitrust Division and the Federal Trade commission (FTC), have cut back their prosecutions for vertical concentration (when a manufacturer owns the companies that supply components of its products), as well as for "predatory" price-cutting and c...
PERIODICALS
ECONOMICS, LABOR & BUSINESS
seizures of neutral American ships. According to Frankel, a Berkeley economist, British imports from America dropped 73 percent the fol- lowing year; exports fell 56 percent. Some trade continued because the Embargo Act was at first loosely enforced and because some ships had already embarked on their long Atlantic crossing when the Act was passed. Smugglers also accounted for some trading.
But not much, says Frankel. Cotton was the chief U.S. expor...
1980, 32 percent more blacks worked in the craft trades-carpentry, plumbing, printing-while 15 percent fewer worked as laborers. The black-white income ratio in blue-collar fields was 81 percent in 1980, compared to 78 percent in 1973. Meanwhile, the number of black household workers dropped 42 percent, and black farm employment fell by 32 percent.
The earnings of black and white women were more nearly equal than those of black and white men. The earnings ratio of black to white women was 92.2...
God, was man's own creation-formed and sustained, and thus altera- ble, human beings acting autonomously," says Wood. Meanwhile, Enlightenment science fostered the belief that causes and effects in human affairs could be discovered, as they were in Newtonian physics. Faced with King George Ill's declarations of good will and such shock- ingly hostile developments as the 1765 Stamp Act, colonial leaders assumed that British officials were conspiring against them.
Ironically, Woods observes,...
one estimate, a mandatory five-year sentence for felonies would reduce such crimes only four percent.
dramatically reduced rearrests of youthful offenders-most of whom come from broken homes-by placing them in closely supervised group homes and providing jobs and education. The federal Child and Family Resources program produced similar results during the 1970s by pro- viding counseling, tutoring, and meals for children at a cost of only $3,000 per family.
The way to make America's streets safe,...