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...after the attack, as the Argentines launched a mopping-up operation against 22 marines on the island of South Georgia, the full storm of recrimination broke over the Thatcher government. In the first emergency weekend sitting of Parliament since the Suez Canal crisis of 1956, both the opposition Labor Party and even many Conservative backbenchers called for the resignation of Foreign Secretary Carrington, Defense Secretary Nott, the man ultimately responsible for British military preparedness, and of Thatcher herself...

Author: /time Magazine | Title: Face-Off on the High Seas | 2/20/2008 | See Source »

...signs, Thatcher's second term will be much like the first. "She's shown the color of her money in the first four years," says a senior aide. "She'll follow the same line with even greater vigor." Faced with a divided Labor Party and its disastrous manifesto, the Tories did not feel a need to spell out any new policies in detail. Once again...

Author: /time Magazine | Title: Thatcher Triumphant | 2/18/2008 | See Source »

Thus Thatcher will press more re forms on the labor unions, including legis lation that would require union leaders to stand for re-election every five years and allow union members to opt out of auto matically paying dues to the Labor Party Declining industries such as steel, coal and shipbuilding will be urged to up productivity and modernize facilities. Besides selling more state-owned companies, she will allow some private utilities to compete with public ones. And in her belief that "property induces responsibility in society," Thatcher plans to permit more tenants to buy their government-built homes. hatcher...

Author: /time Magazine | Title: Thatcher Triumphant | 2/18/2008 | See Source »

Meanwhile, her opponents will be regrouping. It is too early to write an obituary for Labor, but the party's ultimate health depends on the direction it takes in the next few months. If last week's defeat causes defiant Laborites to move farther to the left, the party's fortunes will continue to dwindle. But if Labor steers back to a more moderate course, then at least it stands a chance of reversing the decline...

Author: /time Magazine | Title: Thatcher Triumphant | 2/18/2008 | See Source »

That struggle is sure to be fierce, for Labor has been drifting ever leftward for at least a decade. When James Callaghan, a moderate, was Prime Minister in the late 1970s, the radicals made no overt move to dominate the party but instead methodically took over its local councils Many...

Author: /time Magazine | Title: Thatcher Triumphant | 2/18/2008 | See Source »

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