Word: pound
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Dates: during 1970-1979
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...statues that guard the front of the New York Public Library. The Emerald City is the World Trade Center, and Director Sidney Lumet has staged extravagant dances at the towers' base. The sunken plaza was covered over with Plexiglas, and 300 dancers, lit by spotlights from below, pound away on top. Lumet wanted to turn the Brooklyn Bridge into the Yellow Brick Road by putting down 25 miles of yellow vinyl. The New York police gave him a firm no, however, and he settled for paving a footbridge over the East River...
...decline of inflation has given a welcome boost to British exports, which during 1977 significantly increased their share of the world market. As exports have risen and the pound has steadied, foreign capital has once again begun to flow into Britain, converting a 1976 balance-of-payments deficit of $6.9 billion into a surplus of $10.3 billion in the first nine months of 1977 (including both current transactions and capital movements...
Freed from worries about the pound and payments deficits, the government can now turn to correcting the long-term economic neglect that has made Britain the industrial world's basket case. Since November, the Labor Cabinet has been debating five main options for using the North Sea revenues: 1) accelerate repayment of the country's $24 billion in accumulated long-term foreign debts (an unlikely choice), 2) develop alternative sources of energy against the day when North Sea oil runs out, 3) expand public services in order to reduce unemployment, which last month declined only slightly from its autumn-long...
...Swiss francs. Since January the dollar has lost 22% against the yen, 19% against the Swiss franc and 11% against the mark. Nor has the once mighty greenback been dropping only against those traditionally strong currencies; lately it has also lost ground against the anemic French franc and British pound...
...HUNTER S. Thompson weights in with yet another of his inimitable tracts of Gonzo journalism, a rambling tale of how he learned of the whereabouts of his erstwhile companion Oscar Zeta Acosta, the 300-pound Samoan attorney of Fear and Loathing in Vegas fame. It turns out that Acosta is in fact a crazy Chicano militant who has traded in his law books for the accoutrements of drug smuggling. Studded with the usual bizarre quotations and extravagant graphics, Thompson's piece ends with a series of burned-out ruminations on the unseen forces in American society that coalesced to wreak...