Search

Reports that the international debt crisis has been aggravated by the International Monetary Fund's loan conditions, which impose a regime of austerity on indebted countries. Rise of foreign debt from $800 billion in 1983 to one trillion dollars in 1985; External debts of Mexico, Brazil, and Argentina; Cuban president Fidel Castro's vacillation between outright repudiation and United States government bailout of creditor banks; Likelihood that democracy will bring the debt crisis to a head instead of resolving it.

Presents information on the international trade of the Soviet Union. Report that the Soviet Union's trade with the U.S. has declined over the years; Comments on Soviet-American trade relations; Effort of Maxim Litvinov, the Soviet foreign minister, in settling repudiated debts; Demand by Litvinov for a long-term cash loan with no restrictions upon its use; Information that the Soviet repudiation still exists and on April 30, 1959, the books of the U.S. Treasury carried $582.9 million of repudiated Soviet government obligations.

Presents information on the forum taking place at Harlem's Hotel Theresa. Aim of Senator John F. Kennedy to anchor down the Harlem vote; Performance of Reverend Adam Powell at the forum; Failure of U.S. Vice President Richard Nixon to repudiate an endorsement by the secret society of Florida, Ku Klux Klan.

Comments on the repudiation of the national debt of the Soviet Union. Ways of coping with economic problems; Information on the 1947 Soviet currency reform; Advantage of repudiation; Conclusions that can be made regarding the economic crisis in the Soviet Union.