Word: thatcherism
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...CHARGED. MARK THATCHER, 51, the son of former British Prime Minister Margaret Thatcher, with helping to finance an alleged coup attempt in oil-rich Equatorial Guinea; in Cape Town, South Africa. Authorities say Thatcher allegedly bankrolled the purchase of a helicopter in a plot to overthrow President Teodoro Obiang Nguema Mbasogo, for which 14 suspected mercenaries are currently standing trial in the Equatorial Guinean capital, Malabo. Thatcher, under house arrest in Cape Town, has denied the allegations...
...Mark Thatcher likes his privacy. at the whitewashed mansion he shares with his wife and two children in Constantia, outside Cape Town, security guards patrol along the neatly trimmed hedges, and a closed-circuit television camera keeps watch from the top of a wrought-iron security gate. Such security measures are common in South Africa's wealthier suburbs, but neighbors describe Thatcher, 51, the son of former British Prime Minister Margaret Thatcher, as a security-obsessed recluse. "He's a mysterious character," says one. For such a private man, last Wednesday's morning raid by South Africa's Scorpion police...
...attempts to revamp and reassert regulations were in theory endorsed but in practice ignored. E.U. budget Commissioner Michaele Schreyer had proposed scrapping the U.K.'s 20-year-old rebate from Brussels, worth an average $5.7 billion annually. The payback was negotiated in 1984 by then Prime Minister Margaret Thatcher, when Britain was one of the club's poorest members. The U.K. has since enjoyed unparalleled economic growth - and newer, poorer E.U. members...
...Political leaders often have a hard time pushing through labor reforms or privatizations, but tax cuts can encourage growth while winning public approval. In some places, there's a ground swell of anger about high taxes and wasteful spending. In Britain, where taxes and spending were slashed by Margaret Thatcher two decades ago, some are outraged at a 40% rise in central-government administration costs over the past five years - more than three times the inflation rate. In France, dozens of successful businesspeople have quit the country to avoid a steep wealth tax that Eric Pichet, a business-school professor...
...capitals of Europe. "It was a lot easier being Commission President when you had Mitterrand, Kohl and Andreotti pushing the Union from the capitals," sighs a top Prodi confidante. Delors disagrees; after all, he had to contend with the doyenne of Euro-skeptics, Margaret Thatcher. He thinks his achievements had more to do with his approach than with the historical context. "The Commission should be of service to the governments and not try to be their equal," Delors says. "If [national leaders] don't question your loyalty, you can play the go-between and find solutions." If the President...