Word: pound
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Dates: during 1960-1969
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...Robert V. Roosa, who is joining a New York investment firm. Roosa will be a tough act to follow; he was a key figure in the intricate international finance operation in November that poured a desperately needed $3 billion loan into the British treasury to prop up the sagging pound. But Deming, an economist with a Ph.D. from St. Louis' Washington University and a career man in the Federal Reserve System for 23 years, was hand-picked in mid-1962 by Roosa himself to be his stand-by replacement in an emergency. Deming...
...giant waves that pound Makaha are spawned by violent Pacific storms, often 2,000 miles or more from Hawaii. On a really big day they may top 25 ft. Even the 15-footers provide a hair-raising test as they come rumbling over the reef. But there are days when Makaha is no wilder than Waikiki-as 441 contestants from as far away as Peru and South Africa found out when they converged on Makaha for the International Surfing Championships, the World Series of the sport. For five days anxious surfers vainly scanned the horizon: Finally, on the day before...
...Sano cigarettes is imminent. But where do you get the stuff? Leavitt & Peirce has never heard of it. (Scene in Waldorf Cafeteria: TOWNIE: Hey wonk, you want to go in with me on a real good thing? WONK: What's the deal? TOWNIE: We can get half a pound of Sano for only seventy-five. WONK: Yow, where?! TOWNIE: You front me the bread and I'll go get it. WONK: Now wait a minute, how do I know you won't burn me? TOWNIE: Well, like, I can't bring you up there, because the cat I'm scoring...
...calm settled over most chancelleries and financial centers, Britain had no respite from the Labor government's continuing difficulties with business and the badly shaken economy. Last week the Bank of England was forced to move in for the second time in as many weeks to support the pound against renewed selling pressure abroad. Foreigners, not wanting to be stuck with pounds in the event of devaluation, were finding buyers in advance for pounds that they expect to receive over the next few months. The central bank had to use as much as $56 million of its dwindling reserves...
...government revealed that the trade deficit widened by another $288 million in November. The price of gold was pushed so high by the uncertainty-to the highest level since the Cuban missile crisis-that the Bank of England rushed to support both the securities market and the pound sterling. In a desperate effort to help alleviate its economic problems, Britain announced that it had taken advantage of a 1957 agreement and arranged a postponement of $138.1 million in repayments due the U.S. and $34.3 million due Canada on British reconstruction loans. As if all that were not enough, the General...