Word: pounded
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Dates: during 1950-1959
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...unpublished poem by Ezra Pound will appear in the next issue of Gadfly, the University's sporadically-published magazine of "controversy and criticism." Reuben A. Brower, professor of English, has also contributed to the issue...
Along with his major piece, Pound also sent Gadfly the following two-line dissertation on modern politics: "The White House is a white house, It sure ain't a lighthouse...
Three years ago, in the disorder that followed the Suez invasion fiasco, Great Britain was faced with such a run on the pound sterling that it asked for and got $500 million in credit from the U.S. Treasury through the Export-Import Bank. But confidence in the pound was restored so quickly that only $250 million of the money was actually borrowed-on ?300 million security posted by Britain, to be repaid at 4.5% in ten installments from 1960 to 1965. Last week, with Britain's economic rebound having turned into a full-fledged boom, and the first favorable...
...advance. The benefits resulting from increased trade and sharpened international cmpetition can now work towards lowering prices. With a favorable trade and dollar balance for the first time in this century, England has been able to lower taxes, stabilize prices, maintain full employment and establish external convertibility of the pound. Last week Britain repaid a quarter of a billion dollar United States loan over five years in advance...
...said Britain is able to take the step because of its present favorable balance of trade and the strength of the pound sterling...