Word: thatcherism
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Though Murdoch is leading Britain's newspaper revolution, Shah and Prime Minister Margaret Thatcher created the climate for the rebellion. In the early 1980s, Thatcher's government passed two laws that severely clipped union powers. No longer could workers summon other unions to support a strike, nor did employees have to belong to a particular union in order to hold their jobs. Most important, the courts could levy heavy fines and freeze the assets of unions that flouted the new rules. Shah tested the laws in 1983, when several printers walked off their jobs at his plant in northern England...
...least, Murdoch has not made a misstep in quitting Fleet Street. Thatcher has praised him in the House of Commons, while opinion polls show little support for Dean and her followers. Unlike the miners, who attracted considerable sympathy during their strike, the printers are perceived by the public as overpaid and underworked. "Fleet Street is one of the great bastions of Luddism," observed a senior government official. "The print unions, which have rejected every attempt to adapt to the future, are now washed up on a very lonely shore...
...Shortly thereafter, Crocker began losing money because of shaky loans, but Midland reorganized the California bank and helped it earn a profit of $38 million in 1985. Midland was willing to sell Crocker because better profit opportunities are becoming available in Britain as the government of Prime Minister Margaret Thatcher deregulates the country's financial markets. For that reason, Midland decided that it made more sense to deploy its resources at home rather than continue a long-distance relationship with Crocker...
...fight of her political life. "The Prime Minister is on trial," thundered Labor Party Leader Neil Kinnock. Facing a packed and unusually hostile House of Commons, Prime Minister Margaret Thatcher last week set out to convince Britons that she had told the truth about her role in the "Westland affair," a complicated brouhaha over the future of a British helicopter company that had already brought down two of her Cabinet ministers. Her voice sometimes quavering and cracking, she meticulously presented her case. "Doubtless," she admitted, "there were a number of matters which could have been handled better, and this...
...cheers drowned out the jeers. Thatcher finished up with a triumphant attack on the divided Labor Party. It was a bravura performance, and she easily won the subsequent vote of confidence, 379-219, a victory that the government hoped would finish the affair. Not everyone was convinced. A Harris poll taken afterward showed that only 29% of British voters believed she had told the whole truth...