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Presents information on the labor movement and trade-unions in the U.S. Moribundity of privileged interest groups are tied to the industries of the 1930s and the policies of the 1960s; Constituency of dependable nature for progressive politics and social justice; Existence of radical movement for social change; Success in earlier collective bargaining for good wages; Attempt of the service-sector unions that are trying to make organizing workers a priority.

Presents information on various political parties in Great Britain. Reason for the split in the Labor Party of Great Britain in the year 1931; Problems associated with the Liberal Party of Great Britain that went through the process of division four times in the last century; Comment on the emergence of Social Democrats in British politics.

Presents information on the economic summit to be hosted at Colonial Willliamsburg, a historical theme park in the United States. Information that each visiting dignitary will be housed in a restored seventeenth-century home; Discussion on the economic summits held at Venice, Italy and Versailles, France; Comment of the capacity of Williamsburg; Statement that the presummit bargaining has produced a superficial consensus on the divisive issue of economic growth; Description of the world's pressing economic woes.

Suggests the free trade as an economic paradigm, denies people a realistic appraisal of second bests and as a political principle, leads liberals into a disastrous logic in which the main obstacle to a strong American economy is decent living standards for the American workforce. Fallacy pervading protectionism based on the premise that free trade is the norm and that successful foreign exporters must be playing by the rules; Scope of the rules of liberal trade compiled in the General Agreement on Tariffs and Trade; Permissible candidate for temporary protection under the classical free trade theory; Illustration of how Japan practices free trade with its trading partners.

Focuses on European leader François Mitterrand. Information about the socialist government of Mitterrand; Advocacy of nationalization by Mitterrand; Comparison of Sweden's social democracy, Germany's social market economy, Britain's muddle-throughism with the world economy of the 1950's and 1950's; Information on the Socialist economic program of May 1981; Abandon of the ultra-Keynesianism in favor of a pragmatic mix of mild reflation and austerity; Unemployment as the most difficult problem faced by the French government.

Focuses on the hysteria over the collapse of social security system in the U.S. Roles of the conservative journals in creating the social security hysteria; Claims that by early in the next century, social security will consume as much as 75 percent of federal revenues and that the workers will get a very poor return on their social security taxes; Actions taken by U.S. President Ronald Reagan through the National Commission on Social Security Reform to deal with the situation; Opinion that the privatization of social security would remove the barrier to the budget cuts.

Focuses on the consent decree of telecommunication firm Bell Systems to keep its profitable Long Lines department, Western Electric, Bell Labs and a new unregulated high-technology subsidiary that can provide sophisticated business services, data processing. Accusation of Bell by the U.S. Justice Department of hiding behind the concept of a natural monopoly to create a robber baron monopoly; Limitations provided by the decree to the local companies to basic phone service. INSET: HOW SHE GOT THAT WAY..

Comments on the Department of Transportation's sale of Conrail in the U.S. Features of the Conrail privatization plan that reflects the government's belief in free enterprise; Debacle of modern managerial capitalism indicated by the sale of Conrail; Implications on business and politics.

Discusses the celebration of the 40th anniversary of the Bretton Woods Conference held in New Hampshire where 44 nations formulated a plan for a postwar monetary system in 1944. Agreement among the financiers and bankers who attended the conference that the world monetary system is unstable; Impact of the escalating U.S. interest rates on the world's monetary system; Factors causing the instability of the international monetary system; Accusations against the U.S. administration of causing the instability and overvaluation of the U.S. dollar through its loose fiscal policies.

Views the selection of Representative Geraldine Ferraro as a welcome development for the U.S. Democratic Party. Party claim to a tradition of egalitarianism; Redefinition of the Democratic Party as the party of possibility with the announcement of Ferraro's candidacy at the 1984 national convention in San Francisco; Her effect of reconciling the conservative and the radical in a visceral way; Prospect that she will draw into politics, on the Democratic side, an enormous group of new, enthused voters, whose private sense of injustice has been private and apolitical.

Focuses on the calls to abolish the individual retirement accounts (IRA) in the U.S. Decrease of the American savings rate; Government's paying out of more money through the tax subsidy than the additional private savings that the subsidy induces; Qualification for the tax break by shifting the form in which one hold existing savings; IRA tax preference; Illustration of the political risks of privatization; Economic trade-off between equality and efficiency.

Comments on the efforts of the Bipartisan Budget Appeal movement to urge U.S. President Ronald Reagan to act on the nation's structural deficit. Contention of the group that the federal budget is permanently out of the kilter and that the expectation of big deficits in 1984 and 1985 is the driving up interest rates, crowding out investment and delaying recovery; Recommendations on how the government can control federal spending; Role of monetary policy in either promoting or hampering economic recovery; Contribution of Reagan's economic projects to the structural deficit; Reagan's insistence that the country can have a massive personal and corporate tax reduction, indexing, a defense buildup, and a balanced budget all at once.

Focuses on public enterprises with reference to the controversy related to automotive pioneer John Zachary DeLorean's joint venture with the British government for building sports cars. Details of DeLorean's deal; Discussion of the French public enterprise Airbus, the first foreign-built commercial jetliner to challenge Boeing's supremacy; Comparison of the planning of Japanese public companies with that of French; Suggestion that government often does better by taking the direct approach, and that public sector entrepreneurial competence is both possible and desirable.

Focuses on election campaigns in Massachusetts. Assessment of the prospect of U.S. Democratic Party Representative Barney Frank in the U.S. House of Representatives' election; Political issues raised by U.S. Republican candidate Margaret Heckler against Frank, during campaigns; Evaluation of economic policies of Governor Michael Dukakis.

Presents letters to the editor referencing to various articles published in the previous issues of the periodical. Views on reviewer Stanley Kauffmann's comments on American films in the July 18, 1981 issue; Naive affirmation of faith in science by humanists; Criticism on writer Charles Krauthammer's article "The Humanist Phantom"; Appreciation of Robert Coles' fine tribute to Dorothy Day in the article "Reconsideration: Dorothy Day," published in the June 6th issue.