secretary, Manchester area N eneral Duncan Edwards, THE Department of Education has instructed universities and polytechnies to cut their intake or accept an equivalent cut in income. Overseas students will only be able to continue their education by paying year - supposedly their education in Britain.
Even some of the right-wing press is indignant. For them it means that Britain will not be able to. future leaders of the Third World -Kenyatta, Hastings Banda, Indira Gandhi all studied here! Union op Seidents, Trever The Students, Trevor Phillips, has described the government's action * vuurageous anq anoreceden • He has called for 24-hour occupations :Since ministers had consulted neither READERS will be sorry to hear that Bob Pennington. revolutionary and Political Committee oi ine national Marxist Group, hospitalised after being passing car last Saturday. Bob has leg injuries which until the New Year will prevent him speaking publicly measures.
start,' declares Phillips.
their science £3,500 a LuLd. the full cost of On their own initiatiye, There have influence London Poly, Nyerere, Bradford and UMIST.
Unfortunately National nañona.
will be fighting for in the weeks.
long-standing member of the Inter- 200łu again has been hit by time tei continue and them via Socialist Challenge.
forced to mount nation-wide protest, of which next month's occupatons wony be d Students at UMIST in Manchester face the possible decimation of many and technology Thirty-two per cent students on these are from overseas.
they decided to withhold this year's fees. and been occupations against the racist measures at North Middlesex Poly, Phillips? token occupations will not do the trick. A of strikes and occupations against the cuts is what is meeded. ' lhat is what socia ist students Tories.
corning Socialist Challenge would like to wish Bob well on behalf of its readers with the hope that he will be out and very StONElT. meantime we know we won't allow himself to get rusty and will use this writing for the movement. Comrades wishing to send messages to Bob are welcome to send
with 'another dose of Keynes".
cycle of slump/boom.
They call for THE Wall Street Crash of 1929 has been celebrated by long features in the ruling class press, television programmes, and the asking of 'could it happen again?' Much of the views offered by the media have consisted of stories of how poor bankers had to sell their yachts, or how 1929 was an 'accident' which had nothing really to do with the capitalist system. Socialist Challenge offers its own interpretation. GEOFF BELL tells what really did happen — and why — in 1929, ALAN FREEMAN writes of a possible repeat performance and JUDE WOODWARD tells of how to break out of the whole class is desperately mortgaging its future to pay present at BY THE summer of 1929 the United America was being hailed as paradise f American dream of prosperity for all v to be a matter of a few short years, m months away. In December 1928 the Coolidge reflected optimism when he said:
'No Congress of the United State with a more pleasing prospect than t appears at the present time. In the don Inere is tranquility and contentnerl highest record for years of prosperity The good times were ascribed to th system. It was thanks to this that durir production doubled, pre rising and money seemed to be in a More than anywhere else the good t York's Wall Str Exchange. The New York Times share 86 points in 1928 and that was only: what was to follow in the first nine 1929. It meant that those who bou could expect higher dividends the i shares rose and that those who spe shares could buy, sit back and sell agai months with a vast profit.
Money was easy made, all that w was a bit to invest. Even that was no! for bank loans were easy to come by. ! summer of 1929 the amount of loans increased at 400 million dollars a ment that found its way to Wall Street. As I shares stayed high, or kept rising, the good business for the bankers and thos