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Gerry Frost, speechwriter for Sir Keith Joseph, Thatcher's Secretary of State for Industry, spoke to a largely English, mostly Laborite gathering at the Business School last Thursday, defending the first-year policies of the Tories that have resulted in 16 per cent inflation and two million unemployed, the highest since World War II. In a change of tune since campaign day, he said the Thatcher government was cutting only $4 billion from the national budget--no more than the Callaghan Labor government proposed to slice off in its later days. Unemployment wasn't really as bad as it sounded...
...alleviate Britain's woes, Frost maintained they have played no part in the distinct downturn of the economy in the past year. The attempt to control inflation by tightening the money supply--cutting public spending and raising mid-range interest rates--has not worked, resulting only in 16 per cent interest rates, an economy mired in quicksand, and what promises to be a cold and turbulent winter...
...called "Big 6" record companies (CBS, WEA, Polygram, EMI/Capitol, RCA and MCA) control the distribution of 85 per cent of the records released in America and the radio air-waves still cater to their tried-and-true favorites plus the occasional newcomers. Yet the two most influential musical forces of the late Seventies, Disco and Punk-New Wave, developed outside of established channels, Disco, originally the province of Latinos and gays, was wholeheartedly embraced by the industry, but the New Wave has spawned an alternative, underground network of small record labels, distributors, clubs and publications convinced that the music business...
...Wave definitely gave Jem Records more prestige in the United States," Say relates. "It created a lot of news, both good and bad, and we were bringing in 80 per cent of the records at the time and we're still bringing in the majority of them...
During the academic year 1979-80, Lamont and Hilles together ordered 487 titles to provide additional copies and 392 titles to replace worn books and to enhance library holdings with non-current books. Added together, these titles represent over 17 per cent of all titles bought for the two libraries during the year. Our inability to acquire these books through normal distribution channels would in time seriously impair library services, especially at the reserve desk...