Word: pound
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Dates: during 1960-1969
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...National Press Club, Envoy Stevenson presented the plight of Latin America's single-product nations, vulnerable to commodity price wobbles, by emphasizing the situation of the 14 countries whose economies depend primarily on coffee. "The change in the price of coffee by half a cent per pound can wipe out all of the economic assistance that we could hope to give them for a long time," Stevenson said. Almost as he was talking, U.S. Assistant Secretary of State Werner Blumenthal announced at a coffee meeting in Rio that the U.S. was "actively considering" direct participation in coffee-price propping...
...working stiff. As personnel chief for the world's biggest corporation, Seaton takes unconcealed pleasure and pride in his responsibility for the pay, training, health and morale of G.M.'s 556,000 employees. When he is at the bargaining table, voices rarely rise, fists seldom pound, and the loudest sound is often the Seaton chuckle. Says Leonard Woodcock. U.A.W. vice president in charge of the G.M. locals: "Lou has an intuition for what the key problem is in a plant. If Seaton weren't around, I think we'd have hell running out of our ears...
Immediate cause of Lloyd's grimness was a new run on sterling that had forced the pound as low as $2.78⅞ in the world's money markets-its lowest level in four years. Sterling's weakness sparked rumors that Britain was about to devalue its currency again. This Lloyd emphatically denied-but there was no denying that the economy which supports the pound is seriously...
Under mutual aid agreements worked out three months ago, the central banks of Western Europe last week were supplying the Bank of England with gold and dollars with which to shore up the pound. But the only thing that could strengthen the pound permanently would be a spurt in Britain's industrial growth rate-currently among the lowest in Western Europe. Said Selwyn Lloyd: "For national economic survival, we must grow . . . We must see to it that wages, salaries and other incomes remain within the limits justified by increased productivity...
...British public now seemed squarely in favor of making common cause with the Europeans, was beginning to grumble as the government held back. Even the usually loyal London Times had stern words for the P.M.: "The government must set the pace . . . it must cease to shilly-shally . . . The pound is weak; no one is quite sure whether an economic crisis is around the corner or not; Britain appears almost as a frightened suitor at the feet of the Common Market...