Word: pounded
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Dates: during 1930-1939
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...Morgenthau was of course acting for the President, but at Hyde Park last week Mr. Roosevelt did not actually eat any words, refused absolutely to comment on the reduction of the French franc to a new value at which it was jointly stabilized with the dollar and the pound...
...Soviet State Bank are in danger of their very lives if they guess wrong on how to handle its assets and up to last week many European economists had guessed-not knowing of the super-secret parleys-that once the franc sank the British would sink their pound even lower to retain .its competitive advantage in world trade. It was perfectly believable that the State Bank comrades had dumped their sterling simply because they had wrongly but honestly guessed that it was too hot for them to hold...
...unpleasant words as "inflation" or "devaluation" the pleasant word "adjustment" or in French "l'alignement des monnaies." That is to say, the French Cabinet claims that what is being done is to adjust the franc by reducing its value and aligning it firmly with the dollar and the pound. As in all good fairy tales there is in this a large element of perfectly sound and factual truth. Any more cynical view results simply from the point of view itself...
...Theatre where they stayed outside to picket. Meanwhile in another corner of the campus the radical American Student Union planned to hold a mass meeting, incite Columbia students to strike from their classes unless Dr. Butler and Dean Herbert Hawkes reinstated Junior Robert Burke. The University's 160-pound boxing champion and president-elect of the Junior class, Ohioan Burke was expelled last spring for picketing a dinner party at Dr. Butler's house after Columbia accepted an invitation to attend Nazi Heidelberg's Jubilee (TIME, March...
There is much that is obscure and troublesome in the new tri-partite agreement between France, Britain, and the United Stats. It was, for example, confusing and irrelevent for Secretary of the Treasury Morgenthau to drag the Russian herring across the trail and speak of a "raid" upon the pound when the Soviet Bank was merely carrying on a pre-arranged commercial transaction of minor proportions. And neither is it especially clarifying to approach the agreement from the political side, to glory in the "offensive" upon dictatorships by democratic countries...