Word: pounded
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Dates: during 1960-1969
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What bothered Britons was Wilson's drastic program to rescue the pound: the six-month freeze on wages, prices and dividends, to be followed by another six months of "restraint." His plan angered almost everyone, from 23,000 doctors on Britain's health plan, who were required to forgo a 15% salary increase, to the 25,000-member civil service union, whose newspaper called Wilson's measures "a monstrous breach of faith." The powerful Trades Union Congress reluctantly agreed to continue to support Wilson's wage policy, but discontent is so great within its member unions...
...Empire is gone. The pound is going down - and now even skirts seem to be. The Beatles were hooted out of Manila, and the national cricket team is currently getting clobbered by the West Indies. Still, England oscillates. The cause of the excitement is an ugly, 12-in.-high trophy known as the World Cup and symbolic of supremacy in soccer - a game that seems tame to Americans, but still is the most popular spectator sport on earth. In London last week, after years of trying, England finally won the World Cup by defeating West Germany...
...white stucco hotel overlooking the deep blue of the Indian Ocean, and their job is to help African countries prepare modern math textbooks. Said William Martin, 55, of M.I.T., the head of the workshop: "Don't go thinking the sponsors aren't getting their pound of flesh." His wife echoed this sentiment by describing a dance at the hotel: "There were the locals twisting and smooching in the moonlight. But where were the professors? They were spread all around here working on trigonometry problems...
...Canada, Italy, West Germany, Holland, Belgium and Sweden, with Switzerland a nonvoting participant. Among them, they hold 80% of the world's gold and do most of its international trade. For nearly three years, they have been pondering whether enough gold and reserve currencies (the dollar and the pound) are available for the world to conduct its business...
...place, and on this matter the delegates are as divided as ever. One European bloc, including West Germany, Italy and Holland, is in favor of creating a new kind of money, dubbed the "cru" (for composite reserve unit), which would take its place along with the dollar and the pound in the reserves of the world's central banks. Belgium and Switzerland opt instead for merely increasing the borrowing rights that 103 nations already have with the International Monetary Fund. Other nations, including the U.S., would agree to a combination of the two plans...