Word: pounded
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Dates: during 1940-1949
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...INTERNATIONAL). To much of the U.S., sunny and prosperous in the late summer, the British crisis had an unreal look to it. Many a citizen could only take it on faith that behind the talk of the dollar gap, Britain's inadequate production and devaluation of the pound lay a dire threat to the stability of the Western World. In Washington, where men faced one another across the conference tables, the crisis was closely documented in bushels of unhappy statistics...
Cripps appeared still dead set against devaluation of the pound ("A rude word not allowed to be scribbled on the Treasury walls," cracked one British official). But more & more, in the face of Britain's dwindling dollar reserves, British opinion itself was pressing for devaluation. It was argued that devaluation was inevitable anyway, and that its delay had become a "psychological" obstacle to traders in the sterling area. London's Economist summoned British "statesmanship" to meet the crisis with "imagination...
...easing of U.S. customs red tape, and permission to save dollars by discriminating more freely against certain imports from the U.S. (i.e., buying goods, instead, from America's competitors if they can furnish them more cheaply). Sir Stafford Cripps was still reported stubbornly opposed to devaluation of the pound, but there was growing feeling in Britain that devaluation, while a severe and only incomplete measure, might be a good thing in the long...
British traders made another highly specialized export effort last week. In Manhattan's Washington Market, the season's first grouse went on sale. On hand were 103 brace (i.e., 206 birds), at $10.50 a brace, or about $3.50 a pound. That was the standard price for grouse; there was no extra charge for the fact that the birds had been bagged by George VI and his hunting party in Scotland (TIME, Aug. 22). The thing for U.S. gourmets to do, of course, would be to wash the illustrious birds down with a full cup of English mead; pyment...
...Director George S. Kaufman (The Man Who Came to Dinner, You Can't Take It With You) for permanent panel members. Right from the start it became embarrassingly clear that the problems of most entertainers could be solved more readily with a grain of aspirin than with a pound of prosy counsel. On the opening show, Bandleader Artie Shaw departed from his script to remark: "My problem is that I haven't any problem...