Word: pound
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Dates: during 1980-1989
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...same size in Alabama, where 55 men await the chair in Holman. Mitchell Rutledge, 23 years old, I.Q. 84, is among them. "You're just sitting there waiting for somebody to come kill you," says Rutledge of his purgatory, "just like a dog out there in the dog pound." But he does not claim innocence. No: he did kill a man two days before Christmas 1980. Rutledge was doped up and drunk with two friends. One pal brought along a gun, and with it they took off on a joyride in the van of a driver they had robbed...
...Israeli-Lebanese negotiations, there is little doubt that President Reagan's decision to send Habib back to the Middle East provided a badly needed stimulant. Habib is regarded in the area as the President's top representative and a tough negotiator who can shout and pound on tables as the need arises. In his meeting with Israeli Prime Minister Menachem Begin last week, Habib delivered a letter from Reagan that, according to Israeli government officials, said the President attaches importance to his meeting with Begin next month and wants it to go ahead as planned...
That cynical view was shared by the Prime Minister's critics at home, who insisted that she was merely trying to deflect public attention from raging unemployment (now 13.3%) and the alarming decline of the pound. Sterling dropped to an alltime low of $1.56 on foreign exchange markets briefly last week...
Maintaining the pound may prove similarly difficult. With last week's slide, the value of sterling has dropped some 13% since Oct. 12, when the bout of jitters began. The Labor Party's shadow chancellor of the exchequer, Peter Shore, called the decline "yet further evidence of the failure and incompetence of this government's economic policies...
...should help encourage speculators to keep their money in Britain. As soon as she arrived from the airport, Thatcher met with a team of Treasury officials at her Downing Street office. Tired as she was, the Prime Minister was expected to apply another brisk dose of resolution to the pound's neurotic behavior. As her Treasury aides pointed out, inflation in Britain has fallen in the last year from 12% to about 6%. Government budget deficits have been brought under control, the trade balance is in healthy surplus, and unit labor costs are rising by a modest...