Word: heathcoate
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...greyest months, broke out in loud tones. In Rome, officials of the U.N.'s Food and Agriculture Organization warned that the price bottom might drop out of Europe's agricultural market this fall, and in London Britain's cautious Chancellor of the Exchequer, Derick Heathcoat Amory, talked bluntly of "a possible recession in the fall...
...Economic Commission for Europe, Western Europe's production is "leveling off." Machines are slowing down, using less oil and coal, digesting fewer raw materials, spewing out fewer finished products, and making smaller profits. Only highly protected France seems still to be boosting its industrial production. Warned Heathcoat Amory: "We cannot look at present to rising European demand to counteract the downturn in the U.S., as we could in the last recession...
True to tradition, Heathcoat (pronounced heth-cut) Amory held aloft Gladstone's frayed red dispatch box as he strode in to members' cheers last week. But as he plunged into his businesslike speech, pausing only at a reference to milk processing to refresh himself with a glass of milk thinly laced with rum and honey,* the House soon realized that the self-effacing Chancellor had produced an even more self-effacing budget. He had decided that Britain was not going to get caught in the American recession, but should not risk trying to expand its economy just...
Tall, earnest Derick Heathcoat Amory, 58, is regarded as a comer in British politics, partly because he is not too pushy about getting there. A quiet, unpretentious West Country bachelor squire who rode to hounds and managed the family textile business until World War II, he helped plan the costly Arnhem operation and, at 44, insisted on going along. Breaking a thigh in jumping, he was captured, went home on crutches from a German prison camp at war's end in time to run for Parliament. He felt a family obligation to run because a young, politically promising cousin...
Laborite Harold Wilson called it "a mouse of a budget," but Labor was not too anxious to show itself in favor of inflation, for if threatened nationwide strikes occur soon, Labor stands to lose politically by them. In a TV broadcast, Heathcoat Amory agreed that to Britons his poor-mouth talk, when gold and sterling reserves had risen a billion dollars in six months, must seem "tiresomely cautious." But precisely because he did not bow to political pressures, the budget increased the new Chancellor's reputation. "It would be folly," said Harold Macmillan, "to be an island of inflation...