Word: poundingly
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Dates: during 1960-1969
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...British trade. Last week the government announced that Britain's trade balance showed a discouraging deficit of $143 million in August-bringing to $930 million the deficit for the first eight months of the year. Because so much British money is going into foreign coffers, the British pound, one of the free world's two reserve currencies, is sagging perilously...
Some Cushioning. Last week the pound had dropped from its parity of $2.80 to as low as $2.78 5/16, the lowest in seven years and uncomfortably close to its official floor of $2.78, at which the Bank of England is legally obliged to intervene and support the rate by purchasing pounds. Britain's gold and hard currency reserves are at their lowest level since the sterling crisis of 1957, and the respected National Institute of Economic and Social Research has flatly predicted that Britain will show a balance-of-payments deficit for 1964 of $1.4 billion. Whichever party wins...
...some foreign talk of devaluation, speculation against the lira gripped European currency markets. The panic subsided when the U.S., the International Monetary Fund and European central banks granted $1.2 billion in credits to shore up the Italian economy. In the last year, the lira has gained slightly against the pound, lost only 4/10 of 1% to the dollar. But Italy's economy still faces a tough and crisis-ridden fall. Whether it survives in good shape depends largely on whether it can check its upward wage spiral and thus avoid pricing itself out of world markets...
Members of the literary Avant-Garde, he said, are attempting what Eliot and Pound tried to do--to restore language in order to restore communication. Today's almost shock-proof bourgeoisie is now being shocked in a subtler way, through language, Perosa added...
...Second Signals. The procedure was tested last week in home calls by nurses from the Alexandria, Va., Health Department carrying a nine-pound portable cardiograph, the size and shape of a small tape recorder. After a routine check on the patient's health, the nurse pulls four wires out of the Honeywell Cardioview box, and tapes the attached electrodes to the patient's arms and legs. Next, she picks up the patient's phone and dials a number. When she hears an answering signal, she gives the department's code number for this patient. Without another...