Word: krone
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...JULIE KRONE...
...horse racing, jockey Julie Krone has compiled an impressive record, including winning a Triple Crown event, but riding a horse--while grueling--seems a poor test of athletic mettle. The closest thing we've seen to progress has been the story of ice hockey goalie Erin Whitten earlier this year. Whitten, relieving an injured teammate during a game this fall in the all-professional East Coast Hockey League, was credited with the victory for the Toledo Storm. "A barrier is broken," proclaimed Boston Globe columnist Dan Shaughnessy...
...JULIE KRONE...
...rates, dropping its key Lombard rate from 9.5% to 9% and discount rate from 8.25% to 8%. The surprise move defused the latest crisis in Europe's linked exchange-rate system caused by a 10% devaluation of the Irish punt and a fierce attack by speculators on the Danish krone, one of Europe's strongest currencies. The rate cut also buoyed the sinking British pound, which last year was forced completely out of the currency grid by Germany's high interest rates. The action should lead to similar cuts in other European countries, ravaged by high unemployment and tottering near...
Italy dropped out the next day, promising an early return. As the tumultuous week ended, speculators turned their attention to the French franc, the Irish punt and the Danish krone, all of which neared the bottom of their permitted range in the E.C. exchange mechanism...