ISSUE DATE: December 2, 1968; Vol LXXII, No 23

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IN THIS ISSUE:-
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TOP OF THE WEEK:
COVER STORY: THE MONEY CRISIS: tor the third time in a year, the world's creaking monetary system was in crisis. The French franc, long a pedestal from which Charles de Gaulle smugly viewed the currency problems of other nations, came under heavy pressure itself as speculators sold francs by the billion for undervalued German marks. Devaluation of the franc seemed all but sealed as the price of a nine-nation rescue operation to shore up France's reserves with a $2 billion loan. But just when the world expected de Gaulle to announce that surrender, he proclaimed his defiant decision not to devalue. That bombshell appeared to signal economically isolationist French policies that could cripple the Common Market, and possibly topple de Gaulle's government as well. Beyond that, it could mean the dying gasp of the 24-year-old international monetary system, which always depended on slender threads of goodwill and cooperation. And that could spell the kind of worldwide economic barbarism that brought about the Great Depression. Newsweek's correspondents on the fast-breaking story included Elizabeth Peer and Edward Behr in Paris, Bruce Van Voorst and Barbara Bright in Bonn, David Egli in Geneva, Irwin Goodwin in London and Henry T. Simmons in Washington. From their reports, General Editor Lawrence S. Martz wrote this week's cover story. (Newsweek cover design by Robert Krouskoff and Stewart Smith.)

SOVIET GAMESMANSHIP: While the Soviet Union continues to bend Czechoslovakia's hapless leaders to its will, the leaders in the Kremlin quietly woo Washington in the hope of reaching some sort of accommodation with the incoming Nixon Administration. In three related stories, Newsweek assesses the future course of U.S.-Soviet relations, examines the plight of Czechoslovakia's Alexander Dubcek and describes how the Soviets apply political pressure on Prague.

A TALE OF TWO WARS: From Saigon, Senior Editor Robert C. Christopher winds up a two-week stay by analyzing the outlook for de-Americanizing the war in Vietnam (page 41). And Sam Shaffer, Newsweek's chief Congressional correspondent, revisits Tarawa to report the 25th anniversary of one of World War Il's bloodiest battles (page 51).

THE GAME OF NEGOTIATION: Whether the problem is a failing marriage, a school strike or an Asian war, there comes a time when the fighting stops and the talking begins. This is the world of the negotiator. Though still very much an art, a science of conflict resolution is beginning to emerge. Assistant Editor Thomas Gordon Plate, aided by reporters Mariana Gosnell in New York, Nolan Davis in Los Angeles, and Paul BrinkleyRogers in Boston, explains the theory and practice of negotiation.

NEWSWEEK LISTINGS:
NATIONAL AFFAIRS:
Richard Nixon, cabinetmaker.
Adam clayton Powell rides again.
Pat Nixon: "she also ran"; now she's home.
Where the political pot still simmers.
Disaster in Mountaineer coal's mine No. 9.
The brunette with the boyish voice.
Dangerous days for diamond men.
case of the unwanted oil well.
THE WAR IN VIETNAM:
Saigon begins packing for Paris.
How much de-Americanization is feasible?.
INTERNATIONAL:
Will Moscow's charm offensive work?.
czechoslovakia: shift to the center.
Vasily Kuznetsov, Moscow's man in Prague.
Northern Ireland's civil-rights storm.
Italy gropes for a government.
coup d'etat in Mali.
Tarawa revisited.
Venezuela's Presidential race.
RELIGION: Sister corita returns to secular life; Thunder on the fundamentalist far right.
PRESS : The Antupit touch; Manhattan's new urban-crisis papers.
LIFE AND LEISURE: clown college -- it's a circus.
SPORTS: Harvard ties Yale; Frustrations of a lady jockey.
EDUCATION: New York's shaky school truce; Making the Ocean Hill experiment work; Trouble at San Francisco State.
BUSINESS AND FINANCE:
The international money crisis (the cover).
The Britannica boom in Japan.
Wall Street: the merger market.
New York city's 60,000-family co-op.
Retailing: blue Santas.
MEDICINE: Transplants: two hearts for one; The stubborn abortion problem.
SPECIAL REPORT: The intricate art of negotiation.

THE ARTS:
ART: Gallery-hopping in New York city.
MUSIC: Herbert von Karajan's "Das Rheingold"; Scrambling the national anthem.
MOVIES:
Hollywood's film code under fire.
"Joanna": the best part is the end.
THEATER; "Zorba": feeling and formula.
Producer Harold Prince as director.
BOOKS:
Two new looks at Lenin.
James D. Horan's "The Pinkertons".
THE COLUMNISTS:
Walter Lippmann -- The crux in Vietnam.
Kenneth Crawford -- The Nixon Traps.
Henry C. Wallich -- Franc and Dollar.
Stewart Alsop -- November Is the Cruelest Month.
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