Word: british
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Dates: during 1960-1969
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Late Sweetheart. The ship's greatest test, public acceptance, is yet to come. The Cunard Line has gambled $71 million, loaned by the British government, on the concept of the ship as a floating resort hotel for young Americans willing to spend an average $72 a day for "the first vacation city that isn't tied down." "With this ship," says Cunard Chairman Sir Basil Smallpeice, "we are out of the transportation business and into the leisure business...
Died. Sir Osbert Sitwell, 76, fifth baronet, illustrious man of British letters, who with his equally famed sister, Dame Edith, and brother Sacheverell, devoted a lifetime to baiting the established ideas and figures of his age while celebrating the splendor of the past; of a heart at tack; in Montagnana, Italy. "I belonged," he once wrote, "to the prewar era, a proud citizen of the great free world of 1914, in which comity prevailed." Not for him the modern age, in which "the sabre-toothed tiger and the ant are our paragons, and the butterfly is condemned for its wings...
...decision outraged many of Germany's trading partners, who saw it as a shortsighted and selfish maneuver that threatens their own economies. The French are bound to feel that the Germans are trying to force them into devaluing just after their June 1 presidential elections. The British rightly fear that their fragile pound will come under renewed speculative attack. Britain's foreign debts far exceed its reserves of gold and foreign money, and sterling may be able to cling to its $2.40 rate only if international creditors give the British more time to repay...
...even occasional European government deficits. Without them, Europe would lack the investment capital to sustain its present Dace of economic growth. The Eurodollar pool has also become a leading haven for nervous money. Fearful of devaluation, individual speculators and treasurers of large corporations swap comparatively weak currencies like British pounds or French francs for Eurodollars...
...Powell. Maclnnes set Johnny and a white friend loose in an African and West Indian shadow world full of jouncing characters with cross-rough names: Mr. Peter Pay Paul, Mr. Karl Marx Bo (a future Prime Minister for sure), Mr. Ronson Lighter, and villainous Billy Whispers. The result was British high-low comedy, presented with affection and delight. When he took these people among whites who even then self-consciously affected Spade guests, the satire said everything that could be said about white liberalism. And because Maclnnes abandoned his tape recorder, relying on his ear for syncopation and dislocated verbal...