Word: pounded
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Dates: during 1950-1959
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...lowest level ($1.9 billion) since December 1952. The cause of this fiscal hemorrhage was self-evident: the disastrous attack on Egypt had weakened international confidence in the future of the British economy, led traders all over the world to exchange sterling for dollars in anticipation of devaluation of the pound...
Humiliating but Necessary. The only way the British government could keep the value of the pound from plummeting would be to buy up at the present rate of exchange (about $2.80) all the sterling offered. To demonstrate Britain's determination and ability to do so, Macmillan soberly outlined a series of measures by which he could almost double the nation's liquid dollar reserves. In case of urgent necessity, Britain could withdraw as much as $561 million of the $1.3 billion she had subscribed to the International Monetary Fund, and permission to make such withdrawals had already been...
...million to Canada), and had been informed by the U.S. Treasury that Congress would almost certainly consent. In Britain's current anti-American mood this was a humiliating and unpopular move, but it was one that would keep a precious $104 million available for the defense of the pound...
...pound class, Bob Foster pinned Tim Miller with a Princeton bar to make the Crimson lead 29 to 0. Dan Leary wound up the match with a half-nelson pin over Tom Gebhart in the heavy division. The varsity's next meet will be at M.I.T. on Monday...
There were only two pins in the bout, one for each team. Tom (T.T.) Myers pinned Joe Steinzig for the JV five-pointer in the 123-pound class, while John Watkins pinned John Sachs for the freshmen in the 130-pound division...