Word: pounded
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Dates: during 1960-1969
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Crossbows and Coffins. The rise in exports can be largely attributed to the fact that last November's devaluation of the pound is finally taking effect. Meanwhile, major industries, with help from the government, are also making serious efforts to increase their export trade, and small businessmen are trying harder than ever to sell abroad. One delegation of small traders arriving in the U.S. recently included a dealer in crossbows equipped with telescopic sights, manufacturers of sedan chairs and stagecoaches, and a promoter from Surrey who maintains that he can provide "the most distinguished casket since Shakespeare...
...farms that month. When the surplus was corn or flour or other relatively wholesome staples, things worked out. But sometimes, the surplus items didn't happen to match with what the families needed to eat. One month two years ago, families walked away from the Commodities office with 25-pound sacks of peanuts. Another time in 1964 the total monthly distribution consisted of beets and celery. Even in the best months, there is an obvious lack of meat and other protein-rich foods. Department of Agriculture tables reveal that a diet based on commodities provides about...
After SRRP workers had spent two days in a refrigerator truck packing the beef into one-pound sacks, they drove off to give it to poor families. But their major purpose was to be arrested: Jelinek had a dream of making white Northern families ask themselves, "Why do they have to give out more food to people who already are getting help?" If the SRRP workers could only be arrested--for handling food without a license, for trespassing, for just about anything--Jelinek thought that the pitiful absurdity of the arrests would change Northern minds...
...central bankers hammered out final details of the scheme in Basel, the signs of a monetary storm were all too evident. Buffeted by the Czech crisis and persistent clamor for an upward revaluation of the strong West German deutschmark (a move that was drawing money out of London), the pound had sunk to within a whisker of its post-devaluation low of $2.38¼ in foreign exchange centers. Harold Lever, financial secretary to the British Treasury and a key figure in selling the scheme abroad, noted: "If the agreement had not been achieved, there would have been a real danger...
Some of the money will finance further withdrawals of the London reserves of sterling-area countries. But the amount has now been limited by individual agreements with Britain. If the British devalue the pound again, they will have to compensate their sterling allies for most of their losses. The bankers intend to give the British economy time to recover. If it does, the pound could possibly thrive again as a center of international finance. Even if it does not, a diminished role for sterling may help avert some of sterling's recurrent crises...