Word: jenkinses
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Dates: during 1960-1969
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Everyone had known since the devaluation of sterling four months ago that Britain would have to produce a tough budget this spring in order to re establish international confidence in the pound. But, as Britons discovered last week, no one had guessed quite how tough. In a commanding and convinc...
Blunt & Brutal. Jenkins, who took over the chancellorship last November after James Callaghan quit in humiliation because of the devaluation, reject ed the half measures with which Prime Minister Harold Wilson's government in the past has tried to cope with Brit ain's worsening economy. Instead, he...
The bite on an average black-and-white TV set increased by $8, to $50, pushed up the total purchase tag to just above $200. The government's cut on a $4,860 diamond bracelet is now $1,620 v. $1,080 in pre-Jenkins times; not surprisingly, the...
Two-Tier Price. Finally, the pressure grew so great that the U.S. refused to continue to feed gold to satisfy speculators' greed. In a telephoned message to British Chancellor of the Exchequer Roy Jenkins, the U.S. asked Britain to close the London gold market and shut off the flow...
Harbingers. Not unexpectedly, the report was most hotly challenged by the nation's police departments, which were specifically condemned by the commission for acquiring automatic and heavy weapons against the possibility of renewed riots this summer. "They still seem to be using the police as whipping boys," complained Miami...