Word: non-communist
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Fidel Castro was once the particular pet of Europe's non-Communist left. Lately, however, El Jefe has come under increasing attack from his erstwhile admirers for his administrative failures and his increasing reliance upon Moscow, which keeps some 30,000 "advisers" in Cuba to help run things. Last week Fidel was smarting as a result of the most intense criticism to date from leftist intellectuals for his Soviet-style crackdown on a Cuban poet named Heberto Padilla...
...however, is no longer in a position to repair the monetary system by itself. Perhaps the most important lesson of the crisis is that financially, as well as politically and militarily, the days of unchallenged U.S. dominance of the non-Communist world are over. A natural corollary of that development is that the monetary structure should be redesigned to reflect the new reality, and some Europeans did indeed draw that conclusion last week. James Callaghan, former British Chancellor of the Exchequer, for one, in effect called for a second Bretton Woods conference "to build a new system...
...SPENDTHRIFT banker is a threat to the financial stability of his community-especially when his community is the whole non-Communist world. In many respects, the U.S. has adopted the role of global banker: it issues the currency (dollars) that other nations use to pay their bills and store up their savings (in the form of official reserves). Unfortunately, however, the U.S. has developed persistently profligate habits, pouring out more currency than its clients need or want. Some 43.3 billion U.S. dollars are now, in the words of one Congressman, "sloshing around the world...
SOVIET UNION. Western intelligence agencies say that Moscow's Patrice Lumumba University is a prime recruiting ground for Soviet intelligence. The university's student body consists of 3,000 foreign students, mostly from the non-Communist developing nations, and 1,000 Russians. Its vice rector is a major general in the KGB secret police; his job on campus is to screen out "undesirable" elements and watch for prospective recruits. If a student is among the several dozen chosen for guerrilla training, he receives special courses and favors and may discover that he has become irresistible to pretty Russian...
...Aspirin. China's foreign trade was up 10% last year to $4.2 billion, and is growing faster now that the country is abandoning self-imposed isolation. Fully four-fifths of China's trade is with non-Communist partners, notably Hong Kong, West Germany, Britain and Australia. Japan, by far the People's Republic's most important trade partner, may do as much as $1 billion worth of business with Peking this year. For this privilege, a delegation of top Japanese businessmen must make a yearly pilgrimage to Peking to sign, along with a trade agreement...