Word: thatchers
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WHILE MARGARET THATCHER'S Conservative Party conference in Brighton was under siege for its failing economic policies, one of her financial advisers spoke of the parallels between that government and the perhaps soon-to-be Reagan government. The lesson should warn those hailing the monetarist future...
Gerry Frost, speechwriter for Sir Keith Joseph, Thatcher's Secretary of State for Industry, spoke to a largely English, mostly Laborite gathering at the Business School last Thursday, defending the first-year policies of the Tories that have resulted in 16 per cent inflation and two million unemployed, the highest since World War II. In a change of tune since campaign day, he said the Thatcher government was cutting only $4 billion from the national budget--no more than the Callaghan Labor government proposed to slice off in its later days. Unemployment wasn't really as bad as it sounded...
...monetarists stick to their guns, largely because they have only one barrel that works. Theirs is a Randolph Scott world of black and white, profit and loss, widgets and blips. Frost said the Thatcher government has not gone nearly far enough in cutting spending, tightening money supply, and policing the trade unions. Although some portions of British Aerospace and the Post Office have been turned over to private industry, not enough other industries have gone back to the farm. British Leyland and British Steel--the latter losing over $1 million a day--still devour large chunks of British taxpayers' pounds...
...fans awaiting the premiere of Rude Boy at Cannes were impatient, loud, and rowdy outside the theatre, but except for jeers at some well-integrated footage of Margaret Thatcher, there was little response throughout except stunned silence...
Nieman Fellow Fleur de Villiers possesses the poise and verbal dexterity of Margaret Thatcher. She inhales quickly from her everpresent cigarette and speaks with deliberation...