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Word: poundingly (lookup in dictionary) (lookup stats)
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Then, after much roaring over a forthcoming cut in its interest rates, the German Bundesbank delivered a monetary mouse -- a reduction of only one- quarter of 1% in its key rate. That did more harm than good, and currency traders resumed dumping lire and billions of British pounds. In London Prime Minister John Major's government, determined to stay with the E.C. system in the face of the pound's continued fall, tried to lure investors at midweek with an increase in the Bank of England's interest rate, from 10% to 12%. Even when, in desperation, the rate...

Author: /time Magazine | Title: Europe's Common Crisis: Money | 9/28/1992 | See Source »

...markets surmised that the German central bank really wanted a fundamental realignment in the exchange-rate mechanism that tied the E.C.'s 12 currencies together. Within 24 hours, traders drove the British pound below the minimum level agreed on by governments, and Prime Minister John Major was forced to take his currency out of the rate-setting mechanism. A hastily recalled Parliament will press him this week to reconsider the Community's goals, and a number of members will demand that at the very least he allow British voters a say on whether or not to ratify Maastricht...

Author: /time Magazine | Title: Europe's Currency | 9/28/1992 | See Source »

...audience laughed and applauded many of these lines. But the morning- after reaction was more troubled. At a campaign rally the next day, Quayle used the Emmy barrage to pound home his point that "Hollywood doesn't like our values." Many in the TV industry agreed that the whole display was, at the vematically disparage such values as patriotism, religious faith and marital fidelity. "Tens of millions of Americans now see the entertainment industry as an all-powerful enemy, an alien force that assaults our most cherished values and corrupts our children," he writes. "The dream factory has become...

Author: /time Magazine | Title: Sitcom Politics | 9/21/1992 | See Source »

...compressor of violence was the boxing ring. Prizefighting was made illegal in New York State in 1900. But that did not dispose of the semi-clandestine "club nights," with battling pugs drawn from the hard, desperate edge of Irish, Polish, Italian and Jewish street gangs -- kids who would pound each other to hash for a purse under the eyes of a flushed, yelling house. The sport was barely a notch up from the bareknuckle slugging of Georgian England...

Author: /time Magazine | Title: A Passion For Islands | 8/3/1992 | See Source »

...players on the bench saw it coming, edging forward on their seats in anticipation. Michael Jordan was about to take the defender from Argentina on a quick and not-so-flattering trip to the hoop. Five-hundred-pound sneakers: that's what it appeared the Argentine was wearing as Jordan effortlessly rose as from a trampoline for one of his trademark, gravity-defying pirouettes above the rim. The Argentine seemed to shrink to the size of a circus midget. As Jordan dunked the ball, the players on the bench leaped up and cheered the best basketball player the world...

Author: /time Magazine | Title: Basketball Are They Kidding? | 7/27/1992 | See Source »

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