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ECONOMICS NEWS DIGEST

Merrill Lynch Investors Take a Bubble Bath

Add an Oil Shock, and Myth of Economic Recovery Completely Explodes

Reality of Physical-Economic Breakdown Exposes Myth of 'Recovery'

California State Senator Charges Enron Manipulated Prices

More Trouble for Enron: Top Andersen Auditor Pleads Guilty; Will Cooperate

Euro Brings Hyperinflation to Germany; Munich in 'Debt Trap'

Hospital Association Survey Reveals: U.S. Hospitals in Cardiac Arrest

Credit: Palestinian Red Crescent website

The ambulance destroyed by Israeli forces' rockets, in which the head of the Palestinian health service of the West Bank city of Jenin was killed while trying to save lives. "Genocide by denial of medical care," named in the postwar codes of the Nuremberg Trials, is one of the war crimes being committed by the IDF throughout the West Bank.

LaRouche Tells Bush: Do Not Repeat Bill Clinton's Mistake

Lyndon LaRouche Interviewed on Al Jazeera, April 14

Arabic speakers around the world had a chance to see and hear Lyndon LaRouche live through the Qatar-based Al-Jazeera satellite television channel on Sunday, April 14. The news-documentary program, "Issues of the Hour," had "American Democratic Presidential Candidate and political-economist Lyndon LaRouche" as its featured guest in a live interview from Al-Jazeera's studio in Washington, to comment on the current U.S. policies in the Middle East and Colin Powell's meetings with Yasser Arafat and Ariel Sharon. Program host Malik Al-Teriki introduced the theme of Sunday's installment of his program on the U.S.-Israel alliance, stressing that "this week will be a decisive one for the Israeli-American relationship. It will determine who is steering this relationship."

(A full transcript of the interview with Mr. LaRouche will be made available by Electronic Intelligence Weekly.)

European Parliament Moots Trade Cutoff to Israel

German Trade-Union Leader Blasts Government's Austerity Approach

Portugal Did Not Meet the Maastricht Criteria in 2001

Cheminade, Kept Off French Presidential Ballot, Announces 2007 Run

Shakeup in Russian Duma Intersects Economic Policy Crisis

THIS WEEK IN HISTORY

April 15-April 21, 1933

The highlight of this week, during President Franklin Delano Roosevelt's Hundred Days of emergency action to save the nation, occurred on April 19. It was on that day that the President made the formal announcement taking the U.S. dollar permanently off the gold standard.

There are several contexts in which to see FDR's move, including the massive political pressure which was being applied to him by citizens and Congressmen who were unable to get credit, and the ongoing raid on the nation's gold supply which was being carried out by major European banks, especially in Amsterdam. But its primary significance is succinctly presented by author Arthur M. Schlesinger, Jr., in his The Coming of the New Deal. Schlesinger wrote this about the shift away from the gold standard:

"It meant that American monetary policy was no longer to be the quasi-automatic function of an international gold standard; that it was to become instead the instrument of conscious national purpose."

To put it in the language of today's analysis by Lyndon LaRouche, what Roosevelt did was to assert the sovereign right of the nation to control its credit, rather than permit the "international marketplace" to determine what credit would be available. And he did it because the general welfare of the population depended upon it. more...

To download this week's issue as a complete .zip archive, click here.