Word: pound
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Dates: during 1970-1979
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...Lawrence Ferlinghetti, elder statesman among San Francisco hip poets, it seemed just another Establishment hassle that he had to get his car out of the pound, where it had been towed for illegal parking. But when the fuzz checked their files, Ferlinghetti suddenly found himself behind bars on a 1970 charge of selling pornography. As principal owner of the City Lights bookstore, he had been cited as a co-defendant after the clerk was busted for selling Zap Comics. Before the last hearing, though, the clerk was killed in a motorcycle accident. "So," said Ferlinghetti, "I thought the case...
...antiSemitic. But is it? Shylock was a moneylender, and usury was long held by Christians to be a horrific sin. In deed, Jews entered the field by default rather than design. Is the Mafia loan shark or the friendly neighborhood bank really less intent than Shylock on getting its pound of flesh? In addition, in the matter of both women and Jews, one should always remember that Shakespeare's world was the world of Christendom. A mind steeped in the Christian tradition had to be wedded to two propositions: that woman was the first occasion of sin, and that...
Died. Milton ("Mezz") Mezzrow, 72, who, after learning to play jazz in a Pontiac, Ill., prison, became one of the most influential white clarinetists of the '30s and '40s; in Paris. Dealing in New Orleans blues, and in marijuana by the pound, Mezzrow became a familiar figure to jazz fans from New York City to the Chicago nightclubs of Al Capone. In 1937 he created one of the first racially mixed bands in the U.S. Though he was a popular performer, Mezzrow's life-style was out of tune with his times, and after a two-year...
...investments and other capital movements as well as merchandise trade. In the second quarter of 1972, according to Alan Greenspan, a member of TIME'S Board of Economists, the U.S. official settlements balance was headed for its first surplus in more than two years. Then Britain floated the pound, inciting fears of a monetary crisis and a new dollar devaluation. Multinational corporations and speculators rushed to trade their dollars for stronger European currencies. As a result, Greenspan estimates, the U.S. had a deficit of $1.3 billion in the quarter. During the first 31 weeks of July, Greenspan reckons...
BRITAIN. Since it floated the pound last month, Britain has imposed a whole range of controls on capital outflows, strengthening barriers in force since 1947. Banks are severely limited in dealing in foreign exchange for their own investment purposes. Companies are allowed to buy foreign currency only for import and export deals or for officially sanctioned overseas investment. The rising burden of bureaucratic paperwork could threaten London's role as a world financial center. Says an official of London's Midland Bank: "These days I push paper for the government...