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Abstract only
John Wilson

uncertainty surrounded discussions over which company would be awarded the production contract for onboard radar equipment to be fitted to the next generation of European military aircraft.9 It was also in August that the naval systems department (Bracknell) lost the Type 23 frigate command and control computer systems orders,10 undermining the commercial credibility of another key component of the Ferranti portfolio. Not surprisingly, Ferranti International shares had since June 1989 been falling in value on the London Stock Exchange (see Figure 6.1), having already

in Ferranti: A History
John Wilson

persuade his fellowdirectors that there was no substance behind the Grand Jury investigations, placing on record a false statement that ISC had never sold military systems to South Africa,4 by February 1989 Ball had persuaded Sir Derek Alun-Jones to make it official corporate policy that the firm would never trade with this embargoed country. Needless to say, though, as Guerin and Ivy continued to INVESTIGATIONS AND COURT CASES 143 work with South African subcontractors on various missile programmes, the ISC chief executive completely ignored this ruling, providing

in Ferranti: A History
Bill Dunn

1929, to 1939 and to 1946, reasonably marking stages in Keynes’s intellectual and political career. The belle époque and its demise (1883–1914) Keynes was born into a world of affluent complacency. British capitalism seemed unthreatened either at home – Chartism was a distant memory – or abroad – industrial and military superiority could see off resistance in the colonies with murderous efficiency. The British Navy, in particular, protected the Empire from European challengers. Keynes would later articulate this pre-war world with typical panache

in Keynes and Marx
Russell Southwood

example of corruption allegations being used to exert political pressure is the case of Mike Adenuga, the owner of Nigerian telecoms company Globacom and a close business associate of ex-military ruler Ibrahim Babangida. In 2006 the country's anti-corruption agency arrested him ‘in connection with suspected money laundering’. Babangida had announced the week before that he was going to stand in the following year's elections. No charges were ever bought against Adenuga, and Babangida did not stand. 31

in Africa 2.0
Open Access (free)
Crisis, reform and recovery
Shalendra D. Sharma

both explicit and implicit pressure exerted by members of the Suharto family, their cronies and other highranking military and government officials to make loans to favored borrowers. Indeed, the practice of making loans based on political pressure became known as “memo lending,” because such loans were extended on the basis of a “memo” sent by the powerful and well-connected. Soon memo lending and other illegal practices led to high levels of non-performing loans at the state-owned banks. The case of a government-owned development bank, Bank Pembangunan Indonesia

in The Asian financial crisis
Costas Simitis

were being examined in cooperation with Eurostat (the ­Statistical Office of the European Communities). They were not the result of false reporting of data. In any case, the decisive factor affecting the new assessments was the scale of the deficit accrued through military expenditure. The mantra that ‘Greece was admitted to the Eurozone on falsified figures’ received global coverage. It was unfortunately adopted by many politicians inside the Eurozone, and is still widely propagated today. This charge, however, ignores the facts.3 Even with the change in recording

in The European debt crisis
Abstract only
Making do, rationing and nostalgic austerity
Alison Hulme

consumptive choices, even on basic food products, administered from above (see Sissons and French, 1964; Longmate, 1971; Briggs, 1975; Hennessy, 1993).5 Wartime propaganda campaigns emphasised that personal sacrifices would ultimately contribute to military victory. This victory was nationalist not only in a straightforward sense that it was about a nation winning, but also in the sense that it defined the nation as the thing that could protect other, larger, less tangible and extremely important qualities –​namely democracy. This brief period of collective thrift was not

in A brief history of thrift
John Wilson

, putting Sir Derek in a very difficult situation. Naturally, he reiterated the company line, that Ferranti International would never knowingly break international law, a position the civil servants accepted. Following this meeting, Sir Derek immediately rang Guerin to seek assurances on the allegation that ISC had been supplying military equipment to South Africa. These were certainly forthcoming, Guerin stating that he was merely involved in supplying personal computers to South Africa, as part of an educational programme aimed at the black community. He also added that

in Ferranti: A History
Abstract only
John Wilson

, the contract would have been sufficiently profitable to resolve these problems over the medium term, reinforcing its vital importance to corporate planning. The board was also confident of winning this order, because in 1989 Ferranti Computer Systems had supplied what was code-named Falcon Eye, a highly sophisticated computercontrolled communications system that covered all air and sea activities across Saudi Arabia. Furthermore, as BAe and Saudi Arabia had already signed the multi-billion Al Yamamah II deal, which involved supplying not only Tornado military

in Ferranti: A History
Open Access (free)
Crisis, reform and recovery
Shalendra D. Sharma

, following the successful coup on May 16, 1961, the military government of General Park Chung Hee embarked on an ambitious plan for national economic development through the strategy of suchul ipguk, or “nation-building through exports” (Kim and Leipziger 1997, 155). This meant that in practice the government’s “external economic policies were marked by mercantilistic trade that encouraged exports and suppressed imports” (Dobson 1998, 162). But, first, as a prerequisite, “Park proposed two important strategies: (1) restructuring the government to become a comprehensive

in The Asian financial crisis