Word: thatchers
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...December 1980), in Italy 9.1% (up from 8.3%). In West Germany the figure is 7.3%, the highest since 1956. After the announcement last week that the unemployment rate for Britain and Northern Ireland had reached 12.7%-which meant a record 3 million out of work-Prime Minister Margaret Thatcher was greeted in the House of Commons with opposition cries of "Resign! Resign...
...despite the good intentions, the response from the global village was understandably mixed. Most foreign broadcasters elected not to air the program. Even among the foreign leaders who indulged the U.S. requests for videotaped messages, enthusiasm was not unanimous.* Said an aide to British Prime Minister Margaret Thatcher: "She didn't know she was going to be on with people like Sinatra." An aide to French President François Mitterrand was more derisive: "It was pure show business, and demeans the idea of showing solidarity with the Polish people...
...Lorean is seeking an infusion of $70 million in government export loans, but negotiations between the firm and the tightfisted Conservative administration of Prime Minister Margaret Thatcher have erupted into a public game of chicken. Said a Thatcher spokesman last week: "This government does not regard De Lorean as a bottomless pit. You can't keep throwing good money after bad." De Lorean quickly reminded officials that his firm provides 2,600 jobs in a violence-prone and depressed section of Northern Ireland, where few corporations have ventured...
...Thatcher government deferred a final decision on De Lorean's request last week. Instead, it appointed a team of financial experts to examine the ailing company's books. The group is due to report back in two weeks. If the British government grants any additional aid, it is likely to ask for much greater control over the firm...
Meanwhile, De Lorean announced production cutbacks and layoffs of 1,000 workers, saying that the Thatcher government had "done everything to me except put me in a torture chamber in the bottom of one of those old castles." Still, the automaker insisted that his firm had plentiful assets. "We will be fine," he said. He added that the company now has offers from two large financial institutions in the U.S. that are willing to provide up to $200 million in new financing. "The tragedy is that as hard as we worked at it," said De Lorean, "we just didn...