Word: pounded
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Dates: during 1980-1989
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...dollar. In New York, London, Paris, Tokyo and almost everywhere else that currencies are traded, investors and speculators were betting on the dollar with an enthusiasm that looked more and more like frenzy. The American currency fetched 3.3 West German marks, a 13-year high. In Britain, the pound was near a level that once seemed unthinkable: parity with the dollar. Worth $4.03 in 1949 and $2.40 as recently as 1980, the pound at one point last week was worth $1.08. The dollar has even been gaining in value against the sturdy Japanese yen. It reached 260 yen in Tokyo...
...Texas Republican politics, is worried because he has been hit by what he calls "two whammies." A few years ago, his land was worth $1,400 an acre. Now he figures it runs at best $1,000 an acre. Where he once could get 14 cents for a pound of rice, he now can expect only 8 cents. Each acre, in short, brought $700 when he harvested 5,000 lbs. of rice on it in the mid-'70s; now it brings him just...
...increasingly, foes of tobacco began asking why any tax funds should go to a product that the Government itself says is a health risk. Under pressure, Congress in 1982 decided the tobacco program should be self-sustaining. To cover their loans, farmers were automatically assessed 3 cents for every pound of flue-cured tobacco they marketed...
...popularity of fish is having some predictable marketing effects. As demand increases, prices have gone up, and fish entrees can cost as much as meat. Monkfish, once $1 a pound, is now $3, and the price of squid has quadrupled. There is also a stronger incentive for unscrupulous restaurant owners to pass off such inexpensive varieties as red grouper, shark or pollack for red snapper, swordfish or striped bass. One of the most flagrant transgressions in recent seasons has been the substitution of inexpensive calico scallops from Florida for the more delicate variety found in the Northeast...
...ratfish, it won't sell." Speaking of the tilapia, a prolific and delicately flavored fish, he says, "It doesn't sound like something you'd want to eat." Bill Demmond is not so sure. "Fishermen couldn't give away amberjack," he says. "Now it sells for $1 a pound wholesale. We can't keep enough seafood. If they catch it, we'll look at it, because if it swims, it's edible...