Challenge up Street investment things, rather more fun.
MG Concannon, ahead.
A wildly enthusiastic Mason described it as *tremendous breakthrough Which COTTEN snag was De Lorean the breaks. After "searching investigation" the Labour stumped up the cash. The out that the governmen Pes milion needed to see L up £33 million of th the gull-winged sports car on the road.
Every job created cost £26,000 which is 19,000 a toD more than cre pai out before. With searching investigations like that, shudder think would happen if Concan non ever carried out a slapdash one.
It was a cosy arrangement. The British governbook normally costs £3.50 TION (Usual price 22.95), THE Economist called it 'daft'. The Eire government rejected it as baing too much of a risk for the taxpayers'. David Healey, a leading Wall analyst, recommended punters to put their money in booze and other than De Lorean, saying, return would be the same and they would have But others knew better. The fact that the few days before he American market was already saturated with caught trying to deal in 24 flashy fast sports cars like Ferrari, Maserati, million dollars worth of did not deter secretary of state for Northern Ireland, Mason or his perceptive minister of state, Don from giving De Lorean the ment put up the cash and SUCCESSIL stood to make the killing. it Cash was poured into the Donomicss pi. Meanwalle the high-flying De Lorean lived it up. Just as the venture was starting he paid • record breaking three and a half million dollars for a 35-bedroom mansion in Bedminster, New Jersey.
His directors and he got fees of one and a half million dollars annually. which the receivers described as being rather extravagant for the directors of a company which couldn't sell cars.
As cash got shorter and shorter, and the creditors moved in, Lorean clung tighter and tighter to his own nersonal fortune which is estimated to be around £15 million, but then good con men never SUBSCRIBE!
SPECIAL OFFER
For readers who take out a year's inland subscription we are offering a free copy of Alan Freeman's new book THE BENN HERESY. The Alteratively we are offering Henri Weber's book NICARAGUA - THE SANDINIST REVOLUuse their own money when can spend that supplied by governments, just acning to make capitansm and free enterprise work. 'the and fall of the De Lorean The ultimate decline empire was obvious from Labour's cocaine that the Roy government finalv closed down his Belfast go- tion. The FBI had tipped them off that De Lorean had started dealing in new TASTITE Now a trail of debts totalling somewhere in the region £100 million have piled up, and 2,600 Jobs in Belfast have gone to the wall, an area near 50 per cent of the male working population.
An unrepentant vasor and Concannon, a silent forme minister, Humphrey Atkins, and a Prior, who pulled out the plug just in time, kept this going until it irrevocably tell apart. It is easy enough TO NECTARE AC TASE! tion that swashbuckling free enterprise has for the Tory monetarists. And they hung on to De Lorean 5 coat tails right to the end.
Why is it however that Subscription Rates:
10 issues $2.00 Overseas: 12 months only (Please delete as appropriate Name...
Address...
Special Offer Please send me...
For multi-reader institutions double the above rates Send to Socialist Challenge, P.O. Box 50 London N1 2XQ cians get entangled with the most sordid of the capitalist buccaneers?
this HEH. wing businessman took Mason and Concannon for a ride VE DUESDE THE DUTIE had given the treatment to many other people in Me DOur movement an those two crooks Sir Eric Miller and Kagan had been big buddies of Premier Harold Wilson.
The opportunism and single minded carecrism of businessmen obappeals to ta type of right wing Labour politician who sees getting on — to help the people of - as being the key thing these business people succeed is obviously they have "made it Perhaps one of the sickening aspects of the De Lorean affair is that the Labour Government was cutting back in the welfare same time it was doling out dollops of money to him.
just never entered Vason's or Concannon heads that money could have been put into socially UscTu projeets nke nean and education, and still created jobs.
But then that's the funny idea which only the odd ball left have unlike our practical men of the right Inland: 12 months E14.00/6 months £7.00 Surface & Europe £17.00/Air mail 824.00
----- pull-quotes -----
invest days orked took
BE Let me take you for a Ride