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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
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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
*