Word: parliament
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Dates: during 1980-1989
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...economic downturn. They expect increased growth abroad to boost demand for U.S. exports. One especially encouraging sign: Japan's economy grew at an annual rate of 8.4% in the quarter ending in September, thanks in part to a $38 billion government program to stimulate the economy that passed the parliament last spring. Roger Brinner, chief economist of the forecasting firm Data Resources, predicts that even West Germany will spur its economy and increase imports from the U.S. Says he: "The stimulus in Europe will not be because they are being kind to us. It's entirely because they see that...
...King Richard II's effort to impose a per capita levy helped touch off the Peasants' Revolt. Prime Minister Margaret Thatcher's version of the head tax may not inspire an uprising, but it certainly has angered a lot of Britons. Last week Parliament received Thatcher's plan, which would abolish property taxes on 18 million homeowners in England and Wales by 1994 and instead impose a fee ranging from $500 to $1,200 per person on 33 million adults. Thatcher seeks to raise some $12 billion in revenue for local governments, which currently receive most of their money from...
Late in the day, sitting in the backyard of his adobe house, Savory is by turns fierce, edgy, raw and soft. His hair is graying, his eyebrows growing shaggy, and recent personal sorrows are taking a toll on his face. "Those eight years I was in Parliament in Rhodesia, I had a house in the bush, and I'd fly home between sessions. The house had no doors or windows. Didn't believe in them. Animals came and went as they pleased. My children and I lived quite wildly there...
...trail of Wall Street's insider traders, some of whom have sent their ill-gotten gains to Zurich. In 1982 Switzerland signed a special accord with the U.S. in which it agreed to cooperate in the investigation of these stock-swindle cases, and next year the Swiss parliament intends to make insider trading a crime...
Still reeling from the Agrokomerc affair, Mikulic lurched into his latest crisis last week after pushing painful economic reforms through parliament. A reworked version of a 120-point plan that leaders of the republics flatly rejected last month, the measures froze prices of some food staples but increased others by up to 70%. The goal: to bring prices into line with costs of production. Whatever the economic merit of the moves, they provoked a fire storm of protest and criticism...