Word: thatcherism
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Dates: during 1980-1989
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Mikhail and Raisa Gorbachev were dining with Margaret and Denis Thatcher during their 1984 visit to Britain, and the talk got around to the working class. In his country, the Soviet leader-to-be asserted, "we are all working class...
...fund he had to handle. Says Barton Biggs, a global strategist for Morgan Stanley: "Lynch is still the most consistent mutual-fund manager in the country, even if he does not outperform the market every time. None of us are supermen in a prolonged bear market." Agrees Anthony Thatcher, a portfolio manager at Scudder Stevens & Clark: "Lynch's reputation, though somewhat tarnished, is not obliterated...
...banner headlines in the English press trumpeted the Crockford's affair, Runcie offered no response to the attack. Senior ecclesiastics instantly rushed to the primate's defense, observing that he had been anything but weak in criticizing Margaret Thatcher's treatment of the poor. The essay was excoriated as an exercise of "anonymous, gutless malice" by one furious bishop. "Scurrilous," snapped the realm's No. 2 churchman, Archbishop of York John Habgood. York had his own reason to complain: he and Runcie were yoked in condemnation by Crockford's. In fact, the essay was seen as a bid to derail...
...aide to British Prime Minister Margaret Thatcher put it, "We would have preferred to leave a token deployment of American missiles in Europe. Nitze's own walk-in-the-woods scheme would have been a far better outcome than the zero option from a strategic point of view. If, however, the U.S. allowed itself to be snookered by the Soviets into the damn-fool zero option, then we told Nitze in no uncertain terms that we wanted it to be a version of the zero option that extracted the maximum price from the Kremlin...
...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...