Word: poundingly
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Dates: during 1960-1969
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CAMERA THREE (CBS, 11-11:30 a.m.). Part 3 of "In Search of Ezra Pound" traces Pound's childhood, college life and self-exile in Europe...
...ever been able to discover exactly how, when or even why the British decided to divide a pound of silver into 20 shillings and 240 pence, but everyone agrees that the system is a bedeviling bother. It irritates international bankers, confuses tourists and even sends British shoppers away muttering in frustration. To escape from its complicated structure (?2 8s. 6d. for a bottle of Scotch), many Commonwealth and former Commonwealth countries are switching to the decimal currency system used by 95% of the world's people. Barbados and other sterling bloc territories in the British West Indies converted...
Last week, after five years of planning and preparation, Australia took the plunge into decimals. The government tried to make the transition as painless as possible, preceded it with a long education campaign. To replace the Australian pound, it picked as the new major unit the dollar, which will be valued at half a pound and will be circulated in denominations of $1, $2, $10 and $20. In turn, there will be 100 pennies to the dollar, coined in 10, 20, 50, 100, 200 and 500 pieces. As conversion day-or C-day-drew near, the government launched a radio...
...avert a crippling country-wide railroad strike, persuaded the railwaymen's union to retreat from demands for a much higher wage increase and settle for the government's ceiling of 3.5%. With that, the Prime Minister not only reinforced Britain's gradual progress in strengthening the pound but demonstrated again that he is willing to take politically unpleasant measures when necessary...
Austerity in Appliances. Trying to stem inflation and hence to defend the pound, Wilson's government also stiffened the terms for consumer installment buying-for the second time in seven months. Minimum down payments on most appliances went up from 15% to 25%; in deference to Britain's climate the minimum for stoves and water heaters remained at 10%. Maximum payment times were cut from 30 to 24 months for appliances, from 36 to 30 months for furniture, from 30 to 27 months for autos. Television sets, which most Britons lease rather than buy, will require 32 instead...