Word: pound
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Dates: during 1970-1979
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...fronts at once." The infectious gloom of the Basel moneymen spread to the London stockmarket, killing any hopes for an upsurge in the wake of the pro-Market landslide. The day after the B.I.S. report was issued, there was a rush of Arab petrodollars out of London and the pound fell to a record low, 25.9% below the Smithsonian-agreement level of 1971. Meanwhile, new figures published last week showed that investment in manufacturing industry is now dropping at the unprecedented annual rate...
...likely negative results of a pull-out (more pressure on the pound, reduced investment by the multinationals, and strained relations with the Continent) were far easier to discern than the positive impact of staying in the EEC. The most persistent economic argument in favor of British membership is based on what is commonly known as the cold-shower gambit: that the stimulus of tariff-free access to the EEC's huge market (nearly 260 million consumers), combined with increased competition from European imports, will help revitalize British industry. The sheer challenge might force Britain to break...
...making them effective. In the past, such agreements-which usually rely on some international body to dictate export quotas designed to keep prices within a set range-have rarely succeeded. Even cartels have not worked for anyone but the oil producers. Copper prices, for example, have fallen 86? per pound in the past year to 54?, despite substantial production cutbacks by four large producers-Chile, Peru, Zambia and Zaïre. To benefit from a sudden jump in coffee prices, Brazil and other growers ignored an international coffee pact more than a year ago; now that prices are down they...
...freshman, came out late for the squad after the football season and was soon sidelined with an injury. After wrestling in only three bouts during the entire season. D'Agostino made a remarkable effort at the Eastern Championships, held at Navy, picking up a fifth place in the 190-pound weight class for the only Crimson score...
...most critical event of his entire life had already occurred. The event had taken place when he was 10. He had been sitting stop one of the powerful diesel engine tractors on his father's prosperous Lewis County dairy farm. The tractor lurched forward unexpectedly. The 80-pound boy fell off his makeshift seat and into the tangle of steel blades. It was a wonder he wasn't decapitated was the comment from the doctors who saved his life. As it was, he lost both legs...