April 28, 1986

THE FURY OF KHADAFY 1819
WORLD/COVER

THE FURY OF KHADAFY

Long after the sleek U.S. bombers had disappeared from the Libyan skies and the grim cleanup had begun, there was a sense— drowned out by the conflicting cries of outrage and rejoicing—that what had happened was almost inevitable. As far back as 1981 President Ronald Reagan had threatened to take “swift and effective retribution” against terrorists.
The docility of Canadians 6465
COLUMN

The docility of Canadians

The docility of the Canadian public is incomprehensible to behold. The rugged land of bush and rock is populated by 25 million sheep, who do not even bleat. Canadians abide abuse and contempt from those on high that would cause riots in the streets anywhere else.
Countdown on free trade 1011
CANADA

Countdown on free trade

International Trade Minister James Kelleher, a softspoken labor lawyer from Sault Ste. Marie, Ont., the week began with an urgent 8 a.m. telephone call from Washington. The caller was U.S. Trade Representative Clayton Yeutter, Washington’s chief trade negotiator.
GLOBAL NOTES 3435

GLOBAL NOTES

With her government under attack by supporters of deposed leader Ferdinand Marcos, Philippine President Corazon Aquino last week received a vote of confidence from an unexpected source. Guerrilla leaders of the Moslem Moro National Liberation Front (MNLF)— who recently signed a ceasefire agreement with the military after more than 10 years of fighting for autonomy in 13 southern provinces—said that Aquino has the support of the people.
A capital flight north 3637
BUSINESS/ECONOMY

A capital flight north

The phenomenon is known as capital flight—and it represents the lost wealth of some of the world’s most indebted nations. And the overthrow of two former dictators, Ferdinand Marcos of the Philippines and Haiti’s Jean-Claude Duvalier, recently underlined just how massive the problem has become.
A rich empire built on secrecy 4445
BUSINESS WATCH

A rich empire built on secrecy

In the shuffling and shifting that is transforming London’s financial district, one merchant bank is emerging as the British version of Wall Street’s world-class investment houses. S. G. Warburg & Co. Ltd., which has broken most of the rules that govern the cozy British money fraternity, also happens to be the one U.K. financial institution with deep and expanding ties to Canada.
THE MENACING FACE OF THE NEW TERRORISM 2425
COVER

THE MENACING FACE OF THE NEW TERRORISM

They are part of the street scene everywhere in Europe: youngsters in their late teens, solemn, wiry and dark-complexioned. The uniform is running shoes, nondescript jeans and old military-style jackets. Most are students or teenage drifters.
Letter perfect profits 3839
BUSINESS/ECONOMY

Letter perfect profits

It has a reputation of being one of Britain’s most inefficient and costly government-subsidized corporations. The British Post Office nearly always delivers the mail late. And many Britons complain bitterly about lineups at the country’s 21,000 post office counters, where clerks can often be seen working behind “closed” notices, while an overburdened worker struggles at the solitary “open” window.
Preparing for a new credit crunch 4041
BUSINESS/ECONOMY

Preparing for a new credit crunch

The warning signs of a pending crisis for Canada’s moneylenders are already clear. With energy prices falling, the big banks are quietly setting aside capital to cover the cost of a wave of defaults on loans that is expected to break over the West within the next nine months.
The Queen at 60 4647
PEOPLE

The Queen at 60

High-society New Yorkers are taking a renewed interest in lavish debutante balls. And that development was welcomed by New York socialite Cornelia Guest, 22, who was named Deb of the Year by the New York Post in 1982, and later Deb of the Decade by Life magazine.
A radical approach to the NFB T49
COLUMN

A radical approach to the NFB

The following is a selection of National Film Board of Canada releases and the NFB’s notes on them. In the Best Interests of the Children: “This forceful film about the issue of child custody for lesbian mothers is a loving portrait of women and children and will destroy many stereotypes.”
A brokerage shakeup 4243
BUSINESS/ECONOMY

A brokerage shakeup

It has been a vigorous but polite debate, conducted over the past 18 months in endless committee meetings and discussion papers. But the decision on whether to open up Canada’s protected stock brokerage and investment dealer business to wider ownership by foreigners, financial institutions and nonfinancial companies in Canada is finally about to hit Bay Street.
Bingo makes the big time 6dT1
DATELINE: HOGANSBURG, N.Y.

Bingo makes the big time

The Mohawk Bingo Palace is an extraordinary place. Located on the St. Regis Indian reserve two kilometres south of Cornwall, Ont., in upstate New York, the enormous $2-million building is designed to bring glamor to a game that has for years been identified with smoky, dim church basements.
April 211986 May 51986