Word: pounded
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Dates: during 1960-1969
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...view of the weakness of the pound and the U.S. balance of payments deficit, the Common Market may soon take initial steps toward a joint monetary policy; and the Paris Club of Ten, an elite group of central bankers from major world countries, is expected to consider some form of automatic control to regulate the accumulation of dollars by central banks...
...gold. "You can keep your businessmen from investing, your banks from loaning and your tourists from spending," says a representative of Deutsche Bundesbank, "but you can't prevent the banks on the continent from wanting gold. They're scared about a lot of things--your balance of payments, the pound's weakness, and the possibility of devaluation--and De Gaulle isn't the only one who's worrying...
...gold stock causes people to lose confidence in the current rate of exchange. An initial decline in the gold stock, resulting in a loss of confidence, could precipitate a "run" on the dollar, forcing the U.S. to devalue. And because countries back their currencies with dollar and pound reserves, devaluation of these currencies--or even the fear of devaluation--could cause a world-wide crisis...
Wilson was outspoken about Britain's determination to defend the pound, and bluntly said that anybody who thought his upcoming budget message would announce devaluation was a "nut case." Inevitably there was robust disagreement on Viet Nam. Wilson, despite thunder on his left in Parliament for instant negotiations, is adamant about supporting Washington's Southeast Asian policy, while De Gaulle wants negotiations as soon as possible. As a result, explained Wilson afterwards, "we did not waste a lot of time arguing about it." The Common Market got even shorter shrift, since Wilson and the Labor Party want...
...probably the best fighter, pound for pound, in the world-the perfect picture of destruction with his 42-in. chest, 26-in. waist, and smoothly lethal muscles. He can hit as hard as a drop hammer, and his hands are quick enough to pluck a fly in midair. But Welterweight Emile Griffith, 26, is a reluctant champion...