May 5, 1986



When she spearheaded Britain’s 1982 victory in the Falklands War, Prime Minister Margaret Thatcher appeared to be one of the most indestructible leaders in the Western world. And her overwhelming triumph in a general election the following year enhanced that enviable image.


Maclean’s Business Editor Patricia Best went to Britain to examine the most ambitious of Margaret Thatcher’s attempts to change the face of modern Britain—her controversial plan to remodel the economy and industry. There, Best looked particularly at the country ’s industrial flagship—the automotive industry.
Saving the trade talks 1011

Saving the trade talks

The smile said it all. When chairman Robert Packwood entered the crowded Senate Finance Committee room for the second time last Wednesday, it was clear that a deal had finally been struck. It was a sign that 12 days of tension and high-powered lobbying had broken a stubborn committee majority that, by one vote, threatened to derail Canada-U.S. free trade talks.
The aftershocks of a night attack 3636a

The aftershocks of a night attack

The speculation was part of the aftershock of violence and political protest over the April 15 U.S. air strike against Libya. Last week a growing number of analysts said that the American bombing raid may have led to a severe curtailment of the once-unchallenged domestic power of Libyan leader Col.
Terror on the agenda 4444a

Terror on the agenda

The four-storey building in a drab northern Tokyo suburb is vividly conspicuous. Painted bright red, it has barred windows, a rooftop lookout tower and a massive front door made of steel plate. Across the street, plainclothes police permanently watch the headquarters of Japan’s far-left Middle Core Faction, whose leaders are openly dedicated to what one spokesman described as “blowing up” next week’s summit meeting of the leaders of the Western world’s top seven industrialized nations.
Controlling the Caisse 4041

Controlling the Caisse

It is the country’s eighth-largest financial institution—and it is worth almost twice as much as the renowned $12.6 billion Alberta Heritage Savings Trust Fund. Virtually unknown to most Canadians, the Caisse de dépôt et placement du Québec is the agency that administers Quebec’s pension and insurance plans.
Dealing during the power breakfast 6061

Dealing during the power breakfast

At 7:45 a.m. on April 15—the morning after F-111 jets bombed Tripoli — a high-powered group of 15 Arab diplomats, Texas oilmen and senior United States politicians met over scrambled eggs, toast, coffee and seedless green grapes to discuss the effect on world oil prices of the U.S. attack on Libya.
An activist in justice 8b8c

An activist in justice

Ever since John Crosbie lost the race for the Conservative leadership to Brian Mulroney at the 1983 Tory leadership convention, observers have watched—in vain—for symptoms of disloyalty. Although the witty Newfoundland MP has been outspoken on a variety of issues which have embarrassed the Government—such as his criticism of the handling by the Prime Minister's Office of the Tunagate scandal—critics have been impressed by Crosbie's legislative record.
Twilight of a god-king 8f8g

Twilight of a god-king

He is an anachronism encased inside the cocoon-like confines of Tokyo’s Imperial Palace grounds. Rarely seen by his own subjects, Japanese Emperor Hirohito, 86, lives in splendid isolation behind the forbidding stone walls and moats of the 284-acre grounds in the centre of the city.
The drift toward tax reform 8h9

The drift toward tax reform

Fifteen years ago Canadians welcomed the most significant tax reform in 50 years. The tax reform of 1971 followed more than a decade of criticism that the system was unfair, too complex and so patch-worked that provisions and incentives were working at cross-purposes.
April 281986 May 121986