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John Wilson

reducing the level of regulation on private enterprise, using increased tax revenues to boost the indigenous nuclear and conventional defence programmes, in order to defend against possible invasion by India. Crucially as far as the USA was concerned in the 1980s, as Pakistan neighboured Afghanistan, which in turn was engaged in a major military struggle with the Soviet Union, it was very much in American interests to support General Zia. Moreover, as General Zia was ideologically opposed to communism, he was keen to assist the Mujahadeen resistance movement in

in Ferranti: A History
Oonagh McDonald

another aspect of regulation. Johnson Matthey Bankers Ltd (JMB), a member of the London Gold Fix, was the subsidiary of a long-established company, specialising in a wide range of operations, including chemicals, emission control technologies, precious metal products and banking. In 1980, JMB had made the mistake of moving into the US jewellery trade, a new venture into unfamiliar territory, resulting in losses of over £60 million. Although JMB had benefited from the increase in bullion sales after the Soviet invasion of Afghanistan in 1980, the subsidiary was

in Holding bankers to account
Abstract only

Colonised by 1. Afghanistan Britain 24. Madagascar France 2. Angola

in Reclaiming economics for future generations
John Wilson

during the First Gulf War, or how the US funded the Mujahadeen terrorists of Afghanistan, laying the foundations for the rise of the Taliban (against whom the Allies conducted a bloody and frustrating war since 2002). It was also argued that while the ISC defendants would serve minuscule sentences, they had all been severely financially embarrassed by the indictments, not to mention suffered psychological damage from which they would never recover. On the other hand, this would have generated very little sympathy from the many thousands of Ferranti International

in Ferranti: A History