April 1, 1985

Reagan’s gamble on the greenback 3637
BUSINESS/ECONOMY

Reagan’s gamble on the greenback

Henry Wallich, a 70-year-old governor of the U.S. Federal Reserve Board, sat pensively at the head of the 30-foot-long mahogany table that dominates the Washington-based central bank’s boardroom. One of seven governors who plan U.S. monetary policy with board chairman Paul Volcker, Wallich has to choose his words carefully—economic musings are capable of stampeding world stock markets.
Montreal: a city on the move again 1617
CANADA

Montreal: a city on the move again

Single and unemployed, Daniel Taillon left his home town of Montreal in 1977 in search of a future. He was 20 years old. Faced with Montreal’s stagnating economy, linguistic tensions and a dwindling anglophone population, Taillon—who despite his French surname speaks only English—recalls feeling that the city was dying, “and I didn’t want to die along with it.”
After the eyes stopped smiling 1213
CANADA

After the eyes stopped smiling

The scene had been meticulously orchestrated as the climax to a public relations triumph. Fresh from chorussing When Irish Eyes Are Smiling and signing a record number of bilateral accords, Ronald Reagan and Brian Mulroney wrapped up their “Shamrock Summit” talks last week by strolling on the ramparts of Quebec City’s historic Citadel.
An unholy war of attrition 2021
COVER

An unholy war of attrition

They came in small boats or straining on foot through the gently waving reeds of the oil-rich Hawizah marshes that straddle the border between Iran and Iraq. Ill-equipped and badly trained, eight divisions of Iranian regulars and revolutionary guards— about 100,000 men—launched a long-expected attempt to cross the Tigris River and cut the strategic highway that links the Iraqi capital of Baghdad with Basra, Iraq’s major port city, near the head of the Persian Gulf.
Predicting an uncertain future 3435
BUSINESS/ECONOMY

Predicting an uncertain future

The setting of the gala dinner was tastefully elegant. Overhead, the six large chandeliers that grace the red, blue and gold Confederation Room in Parliament’s West Block provided a turn-of-the-century charm. But when about 200 economists, labor leaders, consumer advocates and government bureaucrats sat down at flowerdecked tables for the inaugural dinner of the National Economic Conference last week, the strains that would later appear were already becoming evident.
The Music Man in Quebec City E211
COLUMN

The Music Man in Quebec City

When you read all the newspapers telling you they never expected the Shamrock Summit to amount to much, remember how they hyped it for all it was worth before it began. Remember, also, an important fact about news and media: there isn’t enough news to go around.
The dark depths of human weakness 5657
BOOKS

The dark depths of human weakness

THE TENTH MAN By Graham Greene
A small-town murder 67
DATELINE: IRELAND

A small-town murder

Tralee, a pleasant town on the west coast of Ireland, looks like a picture in a travel brochure. Old gentlemen in peaked caps hunch over their pints of Guinness in the pubs debating the merits of various Irish whiskies. And in late summer the 17,000 local residents welcome hordes of tourists, drawn by the Rose of Tralee Festival—a week-long revelry in honor of maidenly virtue.
Seeking an elusive compromise 3839
BUSINESS/ECONOMY

Seeking an elusive compromise

David Stockman entered the room briskly, his clipped pace and harried look indicating clearly that the Reagan administration’s budget chief was in a hurry. Sitting in his shirtsleeves for a briefing, the 38-yearold former Harvard theology student, who has served as director of the office of management and budget for the past four years, was obviously tired.
Pollsters in a house divided 6061
GUEST COLUMN

Pollsters in a house divided

Let’s have two cheers and a titmouse for Angus Reid, the man who told it like it is in the Liberal party these days. Reid, who may need an introduction, is described by The Canadian Press as the “former Liberal pollster.” As the man who had the distasteful job of sampling public opinion for the Grits during the last federal election campaign, Reid describes himself as “the radar officer on the Titanic.”
March 251985 April 81985