Word: pounded
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Dates: during 1960-1969
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...flood-between $3.5 billion and $4 billion. Major factors included the tourist rush to Canada's Expo 67, the outpouring of private funds to finance Israel's costly war, the slowdown in Europe's economies and, most important of all, Britain's devaluation of the pound, which caused a speculative rush for gold and put intense pressure on the gold-backed U.S. dollar...
...recent maneuverings over gold, the U.S. Treasury's performance has resembled that of a man who leaps out of the way of an oncoming car only to be hit by a truck coming from the other direction. After the British pound was devalued, Treasury Secretary Henry Fowler warned that the dollar was next in line for speculative attack. That warning was actually aimed at Congressman Wilbur Mills in an attempt to gain support for the domestic surtax proposal, but its chief result was to further fan speculation and cause a heavy loss of U.S. gold. Last month...
Even by his own Olympian standards, Charles de Gaulle enjoyed a vintage year of mischief-making in 1967. Among other feats, he expelled NATO from French soil, summoned the Québecois to rebel against Canada, egged the British pound on to devaluation and-once more with feeling-vetoed British entry into the Common Market. The most commonly accepted diagnosis of Gaullist behavior credits the general with an obsessive but essentially honorable devotion to la grandeur of France. Such a view is entirely too charitable, argues Harold Kaplan in an article in the current New Leader, entitled "The New Cold...
...only up to a ceiling of 35% of the average level of such expenditures in 1965 and 1966. In Latin America, Africa and Asia, investments will be held to 110% of the 1965-66 average without regard to the source of funds. Anxious not to deal the British pound another blow, the President in his edict allowed U.S. business investment in the U.K., Canada, Australia and oil-producing countries up to a maximum of 65% of the 1965-66 base period. On top of that, U.S. companies were ordered to reduce foreign bank balances to their 1965-66 average...
Wrestling in the IAB, the two teams traded decisions through the 167-pound class, until a pair of consecutive victories by Howie Chatterton (177) and Howie Freedman (191) wrapped it up for the Crimson. Chatterton, frustrated in his attempts to pin Joel Mosher, settled for a 20-3 decision...