Word: pound
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Around 7:30 a.m. on Thursday, upperclass dorm-stormers will pound on the doors of freshmen to personally deliver housing assignments. They will then continue the celebration in Annenberg Hall by dispensing House-related paraphernalia to newly-minted housemates...
...bill's biggest stumbling block may be the funding it would require. Created with the assistance of the Animal Legal Defense Fund, the bill would raise the approximately $500,000 to $1 million necessary for its launch through a 2- or 3-cent tax per pound of pet food, says Florez, a Democrat who is chairman of the Food and Agriculture Committee. He estimated that after it's launch, the project could cost between $300,000 to $400,000 a year to maintain. Yet even that relatively small amount has some organizations, including a national pet-product trade group...
...also helps explain why sterling has stabilized since the steep fall on Monday. The pound actually rose slightly against the dollar on Wednesday amid reports the Prudential deal was floundering and the release of data showing a rise in U.K. consumer confidence last month...
...that's not to say a hung Parliament itself wouldn't hit the pound hard. Long viewed as almost certain winners of an election expected in May, the Conservatives have squandered their double-digit lead in recent weeks. In fact, in a YouGov poll published in Britain's Sunday Times on Feb. 28, the Tories' margin over the governing Labour Party had diminished to just two percentage points, raising the specter of no party winning absolute control of Parliament. The problem: Britain has had little practice at coalition government in recent years. Its last attempt - more than 30 years...
Which makes the backdrop to the pound's latest dip - the massive public debt and deficit, and the potential threat to Britain's triple A investment rating - a far greater problem for the currency than anything else. The rest is small change...