Word: pound
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Dates: during 1970-1979
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...Englishman's truly distinctive disease is his cherished habit of waiting until the 13th hour," wrote British Historian Arnold Toynbee last November. Events have since proved him right. It took a serious pound scare and a disastrous inflation rate of 26% to prod Britain's Labor government into coming up with what Prime Minister Harold Wilson called "a plan to save our country" from a "general economic catastrophe of incalculable proportions" (TIME, July 21). Last Tuesday, after two days of passionate, often bitter debate, the House of Commons approved the government's emergency package by a vote...
...overweight, then "overwaist," and need trimming. To accomplish this, they should first cut 200 calories out of their daily diets. Then they should exercise off 300 calories a day. Over a week, this would result in a "deficit" of 3,500 calories, about the same amount as in a pound of fat. "If you lose more than one pound a week, put it back on," Morehouse advises. "When you start sweating, you're working your body too hard...
...family of four earning $8,100; today the figure is 37%. As a result, experts are taking their first long look at the machinery in years. What they are finding is a costly, cumbersome system that, for example, adds 24.3?, or 69%, to the price of a pound of chicken between farm and check-out counter (see chart). Some indicators...
Another criticism is that floating rates have not helped to solve international trade problems. Britain, for example, continues to run huge deficits despite a downward float of the pound. Its woes underscore perhaps the most basic charge against floating rates: that they encourage nations to spend more than they earn, in the false hope that a cheaper currency will correct major economic weaknesses by encouraging exports and holding down imports. In reality, says University of Chicago Economist Arthur Laffer, currency fluctuations "never solve fundamental problems...
...pure TV talk show; the content is not. In one episode the genial, loose-jointed M.C. welcomes a California real estate salesman named Frank Foglio, who tells a modern version of the loaves-and-fishes miracle: his mother, with 18 mouths to feed one night, prayed over a quarter-pound of spaghetti. God multiplied it so generously that there were even leftovers...