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ISSUE DATE: DECEMBER 8, 1986; Volume CVIII, No. 23

IN THIS ISSUE:-
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COVER: Who Knew? The Looming Shake-up. Plus: John Ehrlichman on a White House under Seige. Chief of Staff Donald Regan. CROCODILE DUNDEE, The Wonder from Down Under. Cover: Photo by Wally MCNamee-NEWSWEEK.

TOP OF THE WEEK:
REAGAN's WORST CRISIS: It was instantly the worst crisis of the Reagan administration. NSC staffer Oliver North had channeled millions of dollars from the Iranian arms deal to rebels in Nicaragua, and despite denials, skeptics insisted that high officials must have known about North's cowboy diplomacy. NEWSWEEK assesses the damage to Reagan and examines who might have known about the contra connection. In a special companion piece, Watergate's John Ehrlichman writes on a White House under siege. The White House Crisis: Page 32.

'G'DAY, MATE': PAUL HOGAN is turning heads all across America. The star of a breezy series of TV spots plugging tourism Down Under and of the unlikely blockbuster movie "Crocodile' Dundee" is doing more to promote the Land of Oz than a grove full of koalas. Entertainment: Page 72.

THE DEBTORS' CHRISTMAS: Christmas shopping is in high gear, but many Americans are going to have an embarrassing problem: finding a store that won't bounce their credit card. Americans are deeper in hock than ever. Retailers and banks have written off bad consumer debts at an alarming rate-and they're aggressively dunning delinquent customers. Merry Christmas, your bill is past due. Business: Page 64.

TECH TOYSHOP: The elves in Santa's workshops from Silicon Valley to Germany and Japan have been busy concocting high-tech toys for Christmas. They've come up with engineering marvels from playful computer software to talking dolls and electronic pets. Technology: Page 83.

[FULL NEWSWEEK LISTINGS]:
WHITE HOUSE CRISIS:
Under siege (the cover).
Who knew what when?.
The investigations begin.
A profile of Oliver North.
Time for a shake-up?.
The Israeli connection.
John Ehrlichman on a.
White House under fire.

NATIONAL AFFAIRS: The Amy and Abbie Brigade.
INTERNATIONAL:
Manila: "Cory's coup".
India: Gorbachev's visit.
Syria: Assad's loss of influence.
Britain without the bomb.
A case of royal euthanasia.

BUSINESS:
A Christmas for debtors.
Raiders: a quick fall from grace.
J. R. gets the boot.
The dogfight over Osaka Bay.
Gators: snapping up profits.
The fuss over the Spangled cat.
Jane Bryant Quinn.

LIFESTYLE:
Entertainment: The Wonder from Down Under.
Note from a native son.

SOCIETY:
Technology: High-tech toys.
Medicine: A blood test for cancer.
Cholesterol's low-level risk.
Ideas: "Fetal rights".
THE ARTS:
Books: Plain and fancy offerings The year's best for children Movies: Cary Grant: 1904-1986.

DEPARTMENTS:
Periscope.
Update.
My Turn: By Elena Klepikova.
Perspectives.
Newsmakers.
Transition.
George F. Will.
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