Word: poundingly
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...individual, upholding and upheld by a written law, has no meaning at all; right action is a meld of custom and propriety demonstrated by the behavior of the sage. Written contracts are usually mere pieces of paper. "No Chinese would understand Shylock's claim to a pound of flesh in The Merchant of Venice," says Harvard Law Professor Jerome Cohen. "The important thing is human relations. You imply a lack of trust when you allow for disputes in contracts." If disputes arise, they are settled through face-to-face negotiations or through an intermediary, who will seek a compromise...
...large contingent of troops "east of Suez" in Southeast Asia. A broad middle-of-the-road band of M.P.s chimed in, too, complaining that Wilson had hardly provided the "firm and purposive government" that he had promised. And there was general worry over the continuing weakness of the pound, which has had to be rescued by the world's bankers again (see WORLD BUSINESS...
Once again, all good bankers have had to come to the aid of Britain's pound. After an emergency $3 billion international loan in 1964 (still not paid back), and another $1 billion res cue in 1965, the Bank for International Settlements and eleven countries last week had to renew the billion-dollar bundle for Britain. The pound, which two weeks ago had dropped to a 15-month low of $2.78 27/32, rallied to $2.79 2/32. But in the finance ministries and central banks of Europe and North America, money managers were asking: "How long, O Lord, how long...
Lackadaisical Management. The im mediate reason for the newest pound crisis was a rumor that the British sea men's strike was about to produce an inflationary pay increase. In addition, Britain has been hurt because other countries have lately battled inflation by boosting their interest rates, thereby drawing money out of Britain. Also hurting Britain is the U.S.'s drive to moderate its balance-of-payments defi cit. U.S. companies are repatriating their funds from abroad, including some held in Britain, and are borrowing more overseas; this year U.S. firms will in crease their borrowing in Europe...
...Limit. Disillusioned and impatient, many foreign bankers do not care to answer any more SOS calls from London, even though they have a stake in the pound as an international reserve currency. Says one leading European central banker: "What we did once again was to buy time for the British. What use they will make of it remains to be seen, but we are quite pessimistic." Another banker puts an "absolute limit" of one year on continuing to bail out Britain. The French, who chipped in $100 million to last week's rescue for purely political reasons because they...