ISSUE DATE: FEBRUARY 16, 1981; Vol. XCVII, No. 7

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IN THIS ISSUE:-
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COVER: "CUT, SLASH, CHOP". Budget Director DAVID STOCKMAN. Cover: Photo by Wally McNamee NEWSWEEK.

TOP OF THE WEEK [Major Top Stories]:
CUT, SLASH, CHOP: The danger, Ronald Reagan declared last week, was nothing less than "economic calamity"-and avoiding it would require the biggest assault on Federal spending in U.S. history. Reagan was playing a role directed largely by budget director David Stockman (left), the new wunderkind of Washington. NEWSWEEK examines Reagan's nascent program, profiles Stockman and looks at two areas the Administration has targeted for big cuts. Page 20.

NEAR THE HOOP: Even when his feet are on the floor, the University of Virginia's RALPH SAMPSON is head and shoulders above the rest. A 7-foot 4-inch center, he is the big reason his team is No. 1. But it took him a while to convince his classmates he was a regular guy-not just a basketball legend. Page 98.

APOCALYPSE? After "Apocalypse Now," director Francis Coppola rebuilt an old movie lot into a production palace of technological wonders - and promptly ran straight into financial trouble that has Hollywood's most ambitious high roller perched once more on the edge of disaster. Page 79.

SPAIN'S UNCOMMON KING: When Spain enthroned him in 1975, cynics said he would be known as "Juan Carlos the Brief." Instead, the 43-year-old monarch has played a central role `in guiding Spain from Francoism to democracy. Now he is helping to sort out the first government crisis of his country's new era. Page 44.

THE FOSSIL WARS: In a new book on man's first ancestors, Donald Johanson gives a warts-and-all account of how paleoanthropologists go about searching for bones. It shows that science can be as bitterly competitive and Machiavellian as politics. Page 76.

[FULL NEWSWEEK LISTINGS]:
NATIONAL AFFAIRS:
Reagan readies the ax (the cover).
Living over the store.
A profile of the budget chief.
Cutting food-stamp aid.
Fewer grants to cities.
The admiral joins the Company.
A hostage who wants to sue Iran.
Again, anti-Semitism.
The Garwood verdict: guilty.
Crime: the Scarsdale letter.

INTERNATIONAL:
Spain's uncommon King.
How he views his job.
Poland: workers vs. the fat cats.
Iran: an American stands trial.
South Korea: the long arm of Chun Doo Hwan.
Australia's great cricket ruckus.
Diplomacy: the new team at State.
A truly open mind.

BUSINESS:
The economy: the buck starts here.
Autos: help ahead for Detroit?.
Ranking auto greats and gadflies.
Banking on a new future.
"Wealth and Poverty," a "theology" for capitalism.
Creative mortgaging.

SPORTS:
Hoop whiz kid Ralph Sampson.
Boxing's biggest scam.
EDUCATION: Structuralism and the unquiet dons at Cambridge. Bilingualism in the Reagan era.
SCIENCE: SOS from a salt dome. A petrobug in every tank? IDEAS: A new book on old bones and prima donnas.
LIFE/STYLE: Children of the latchkey.
THE COLUMNISTS:
My Turn: Orville Schell.
Paul A. Samuelson.
Jane Bryant Quinn.
George F. Will.
TELEVISION: Ted Koppel, the unflappable anchor man.
DANCE: The growing pains of the Dance Theatre of Harlem.
MOVIES:
Coppola's apocalypse?.
The "Fort Apache" controversy.
THEATER: "Piaf": song of the streets.
ART: Van Gogh and cloisonism at a Toronto show.
BOOKS:
"The Company of Women," by Mary Gordon.
James H. Billington on the origins of revolutionary faith.
"Free Association," by Paul Buttenwieser.
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