Word: hillenbrand
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...John Major shook up his Cabinet to present a new and -- he hopes -- more appealing face to disenchanted voters. "It's really yet another attempt of his to draw a line in the sand, and a way for the Conservatives to prepare for the 1997 election," says TIME'sBarry Hillenbrand. Surprisingly, he reports, Major gave little to the right-wing antagonists and foes of European economic integration who prompted him to call for Tuesday's risky vote in the first place. Only one far-right rival, Michael Portillo, won a top spot (Defense secretary). Michael Heseltine, who might have challenged...
...says that country's High Court. In upholding the current ban, the court agreed with the view of the Ministry of Defense that changing the policy was a matter for Parliament, not the courts. But it's doubtful the legislature would reverse the ban, saysTIME London bureau chief Barry Hillenbrand. Britain's Conservative government supports the ban, saying it is necessary to maintain order and discipline in the ranks. More importantly for elected officials, Hillenbrand notes, is that there's not a large gay constituency in Britain. "The issue is nowhere near as politicized as in the U.S., and there...
...over Baring for a token one pound, or $1.65. Leeson, now in a German prison, is fighting extradition to Singapore, where he stands accused of forging a Wall Street executive's name on a document used as collateral for a loan to Baring. Says TIME London bureau chief Barry Hillenbrand: "A lot of people doubt that Leeson was this lone cowboy who just blew this bomb up inside, with nobody knowing what he was doing...
...home and was last tracked to Malaysia, where he checked out of a hotel on Friday. Leeson's risky dealings were detected last week when he ran out of money and asked the home office for more, according to a British government source. TIME London bureau chief Barry Hillenbrand says Leeson is the oldest of four siblings born to a blue-collar family in a London suburb, an average student who did not attend college and began his career as a bank clerk.Post to Business "Baring Bros. Collapse...
...between Protestant and Catholic factions, who are presently honoring a six-month truce. But an angry reaction today from Protestant politicians, who do not want concessions to the anti-British Catholic minority in Northern Ireland, made it clear that negotiations will not be easy. TIME London bureau chief Barry Hillenbrand says the overall Protestant population in Northern Ireland is not as hostile to the plan. "There is a sense that the Unionist politicians are more opposed to this thing than the people," says Hillenbrand...