Word: pound
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Dates: during 1960-1969
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Rich in the same phosphates that fertilize a farmer's crops, the sewage triggers a fantastic growth of algae on the lake's bottom. Some 87 tons of phosphates are dumped into the water each day, and each pound is capable of breeding 350 tons of slime. Because dead blue-green underwater plants rob the water of its oxygen, much of Lake Erie is now a "dead" sea incapable of supporting any fish life. When the algae eventually breaks off and floats to the surface, it clogs commercial fishing nets, blocks water-intake pipes and washes onto beaches...
What most heartened the Tories and depressed the Laborites was a new Gallup poll that shows the Conservatives leading 49% to 41% . The shift in public opinion is doubtless due to Wilson's tough austerity measures intended to save the battered pound sterling. At week's end London was swept by rumors that the U.S. was withdrawing support from the pound and that the Bank of England's Lord Cromer had threatened to resign if the pound was not devalued. Wilson labeled the rumors false and "highly neurotic." Before setting off on a holiday in the Scilly...
...considered the Michelangelo of the trade. The master put his hostesses in white stretch pants under taupe chiffon or gold lamé topped by an ermine poncho. Sauciest fillip was a see-through chiffon muumuu worn over a flesh-colored skintight jump suit. And Pierre Cardin exposed his pound of flesh through circular cutouts scattered at strategic points on his dresses -here at the collarbone, there smack dab over the navel. He also wolfishly evoked Little Red Riding Hood, with dozens of furry capped capes...
Prime Minister Harold Wilson's ninemonth-old austerity program has already cut Britain's trade deficit by almost half (to $72 million a month), but the pound remains very much under siege, and talk of devaluation early next fall still persists. Bankers from diverse parts of the world-Red China, Europe, the Middle East-have been converting their pounds into gold so rapidly that demand for bullion on the London market has soared to a post-Korean War high...
...Labor of what Britain's foreign critics have been saying right along: its previous steps, including higher taxes for consumers, lower taxes for exporters and a 10% surcharge on imports, had been inadequate. Indeed, the latest moves were prompted partly by fear that if there is another pound crisis like last November's, some of the nations that anted up $3 billion to bail out Britain then might not be eager to rescue Britain again. For Labor, which governs by a three-vote majority, the new deflationary steps are fraught with risk. Since taking office last October...