Word: pound
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Dates: during 1970-1979
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...balance of payments deficit. American banks recently announced, jointly, that they felt they were fully "loaned out" to Britain, France and Italy. Other international monetary powers may be willing to take up some of the slack for a short while, but a real financing of Britain's 6 billion pound annual deficit could only come from the Arabs, and those ultra-security-conscious investors are hardly likely to invest very heavily in a country whose economic future must seem so unsettling to the capitalist...
...Hemingway to write so cynically of his compatriot expatriot Eliot shortly after the publication of The Waste Land in 1922. But like Hemingway, young American writers in Europe and at home were stunned by the reactionary sentiments being voiced by this pioneer poet--a man who, along with Ezra Pound, had created a new sense of the past as a vital part of the present and future, no longer as a static, restrictive force. Now, with his apocalyptic view of the decline of western civilization, Eliot seemed to argue the superiority of the past (and the European past, at that...
...finds itself being drawn to America for its "contemporary energy," says Spender, in the same way that Americans were drawn to England by the force of the past. Factors that have affected the slow changeover of roles include the Americanization of European literature begun notably by James, Eliot and Pound, the loss of literary identity England suffered between the wars, and the effects upon literature of the decline of each culture over the past few decades. Spender examines literary influences and changes almost in a vacuum, with surprisingly little reference to the parallel economic, industrial and social transitions taking place...
...milk-the spot on his lung X ray was a calcium deposit. When 31% of the rats exposed to one type of asbestos dust in a medical experiment developed lung cancer, an industry researcher argued that it must have been caused by metal tracings from the hammer used to pound the material into dust. "Nobody ever said to me that the stuff could hurt you," Hubert Thomas, who had worked at the Tyler plant and now cannot walk a block without stopping to catch his breath, told Brodeur. But then he recalled one warning from J.W. McMillan, another plant manager...
Lack of Unity. To commodity-exporting nations, many of them underdeveloped, the price break has a far different significance. For Chile, a penny-a-pound decline in the price of copper means the loss of $11 million in potential export earnings; Zambia loses even more. The producer nations are now planning cartels, modeled after the Organization of the Petroleum Exporting Countries, to set and enforce minimum prices. Chile, Peru, Zaire and Zambia have tried to organize a copper cartel, and seven nations, including Australia, Guinea, Jamaica and Yugoslavia, recently formed the International Bauxite Association to prop up prices for that...