Word: pounded
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Dates: during 1950-1959
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...emergency boost of the bank rate had brought Tories to their lowest ebb in national polls (though the pound steadied last week - see BUSINESS). Macmillan, impressive in the House of Commons, has proved conspicuously unable to make the austere Tory program convincing to the public. Eloquent Viscount Hailsham, the Tories told themselves as they left Brighton, was just what the party needed...
...first time in eight months Britain's pound was able to look the U.S. dollar in the eye last week. In London, Zurich, New York, Tokyo, wherever money is exchanged, the pound fetched its full par value of $2.80, halting the heavy drain on Britain's gold and dollar reserves and all talk of imminent devaluation. The renewed confidence in the pound was the result of a tough new policy of boosting Britain's bank rate from 5% to 7%, thus tightening up the money supply to curb runaway home-front inflation...
Within days, traders on world money markets, who had been selling pounds hoping to buy back at lower rates later on, reversed their course. Instead of being forced to step in with precious dollars to support the pound, the Bank of England, whose reserves were cut by some $500 million in August and September, was able to sell pounds for dollars and recoup some of its losses. Yet no one knew better than Chancellor of the Exchequer Peter Thorneycroft that the fight to maintain Britain's currency will not be won overnight. Said he: "We recognize that this...
...Knock at the Door wisely puts adroit storytelling ahead of theatrical effect. If four walls and a passion can make a good play, almost as much can be had from six chairs and a prose style; and an ounce of Cavendish cut-plug can be worth a pound of routine theatrics...
...ideas and decide either to reject, accept, or modify his previous values. If one rejects, there is a need to justify one's actions, often in writing. If one accepts the values of the original society, there is still a need to justify, having been exposed to conflicting values. Pound, Fisher, and DeVoto rejected Mormon values. In Fisher and DeVoto can clearly be seen a marked concern for saying something (and justifying), rather than that with form and style. Whipple and Stegner, in large part, accepted Mormon culture but felt that they need to explain why they did so. There...