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About Portland observer. (Portland, Or.) 1970-current | View Entire Issue (June 3, 1982)
lir a F ra n ce s £choen-'.'ewapap«p U n iv e r s it y o f Ore-’ -n L ib r a r y tu g e n e , Oregon 0 7 0 3 □ Home improvement special radley race AAA TRACK Page 2 Sports, Section Summer Alternatives Page 8 4 UJ LU PORTLAND OBSERVER Ju n e 3, 1982 Volum e XII, N um ber 34 25C Per C opy Three S ections USPS 959-680 855 Each One a Winner fefebMt t - PRINCESS TAY RANETTE PRINCESS KATHLEEN PRINCESS LINDA PRINCESS KRISTIE Congressman Ron Dellums Observer Achievement Banquet U.S. Representative Ron Dellums o f California will be the featured speaker at the Portland Observer’s first Awards Banquet to be held July 16th. Dellums is Chairperson o f the House t onnniltee on D istrict o f Columbia, a senior member o f the House Armed Services Committee and chairman of the committee’s panel dealing with problems o f the island o f Vieques in Puerto Rico. Dellums is a former vice-chairman o f the Congressional Black Caucus and heads its Task Force on National Security and Foreign Policy Issues. He is a national co chair o f the New Democratic Coalition, an organization of progressive organizations and individuals within the Democratic Party who are committed to party reform and implementation o f progressive programs in the nation. Dellums is committed to the twin c«»ncepls o f participators dcmoc tacy and coalition politics. In lus judgm ent, when people begin Io *Ycalrre how and why iliev are being victimized and manipulated by those who control the real levers o f power in this society, then they will be able to join together to form a new majority which crosses racial, sexual and economic barriers. Dellums’ first priority upon entering Congress in 1970 was ending the war in Indochina, which he characterized as "illegal, immoral and insane adverturism." His major goal still remains the termination o f the United States’ all-too-ready reliance on brutality and force to accomplish diplomatic and ckouomic objectives. lie be lieses ili.u ni tlil.u ism, die meniahis ilia) is so agraid ol hie dial ii seeks to c o iilio l ii ihiough death and de struct ion. is die liindamenial cause ot social and economic la ilu ie s CONGRESSMAN RON DELLUMS broad. He has become the p rin c i pal leailei in d ie House ot Represen taiises in die continuing legislative el toil io cuib military spending and niicleai weapons escalation. An out spoken a d so c a le o l nuclear arms l i i iiil a lio n , he has been in the lot el i oni ol die movement for re newal ol die S A I I negotiations and expansion ol die Niicleai Non Proliferation Trealv. From the outset, he has opposed the development o f the M X Missile weapons system, arguing dial it is economically disastrous, diplo- 1 Please turn to page 5, co/. /> Argentina: New economic policy by Nelson V aldes Pacific News Servk-e PRINCESS JOELLE PRINCESS LENA PRINCESS MARIA PRINCESS MEAGAN PR IN C ESS T A M M Y P R IN C ES S D IN A The desisive military battle over the Malvinas Islands may prove to be only the end o f the beginning of a fundamental shift in Argentina's polities and economies, and its role in Latin American and world affairs. Depending on the events of the next week or so, Argentina could gradually return Io a kind of neo-colonial normalcy, or it could lurch dramatically toward Peronist- type politics o f non-alignment and nationalism, further isolating itself from the Western capitalist econo mics. Three key, inter related factors will determine the outcome: the nature of Britain's anticipated victory, which can be either vindic tive and humiliating or pragmatic and generous, the treatment by in ternational bankers of Argentina's massive debt problem; and the degree of nationalist fervor in Argentina. As to this last factor, nationalism is already highly volatile, expressing itself both politically and culturally. Port Stanley has been renamed Puerto Argentino, streets, schools, hospitals and stores have been re named, erasing any and every ves tige of Biitish influence. And in stead of British pop music and the k Beegees there has been a major re surgence o f the tango. Argentina is rediscovering, reasserting its own roots. The war may end tomorrow, but this transformation will not be contained easily. Only during the time that Juan Domingo Pcron ruled Argentina was something similar happening. A high military official in the pre sent junta declared recently that, "F o r the first time we have unanimity in Argentina. This is a great political novelty. This will facilitate the process o f normaliza tio n ." However, this great nationalist unity has already propelled Argentina toward numerous Peron- ist economic policies that represent a dramatic shift away from the free market, Reganomic practices o f re cent years. Strict currency exchange controls have been imposed, the sale o f dollars ended and devaluation has been introduced. The junta no longer permits the transference of money abroad, except with proper government permission. Profit re mittances by British companies have been temporarily stopped, while ass ets owned by the British government in Argentina have been taken over. Argentine military officers have been appointed to British banks and their subsidiaries so that no money can be transferred to the enemy. Debt payments to British lenders have been diverted Io escrow ac counts. W hen the telex from London requests payment to their Argentinian bank counterparts, the message returned reads, "T he Malvinas are Argentine." Also, the slate no longer is selling to foreign concerns mineral rights, and transnationals operating in Argentina in numerous cases are paid with Argentine bonds that can be redeemed in dollars after the war ends. A nalysis Meanwhile, government taxes on luxarv items have increased and more money has been printed. State guarantees to bank deposits have been lifted, export-import controls are much more strict and companies in which Biitish capital is dominant cannot be sold or bought. Labor union activity has been permitted once again. In other words, the ex periment in free market economics has come to an end. It has been assumed that once the war over the islands ends, things may return to normal. But this will depend in large part on the foreign bankers and on B ritish actions. Vindictive treatment from cither source will only impel Argentines (Please turn to page 141 *
