Word: poundingly
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...sunny mood. Ten years after she became head of her country's Conservative Party and nearly six years since she assumed the post ! of Prime Minister, Thatcher faces a daunting array of problems. Britain's unemployment rate of 13.9% is the country's highest since the Depression. The pound, worth $1.44 a year ago (and $2 in 1981), sank to $1.07 last week. A miners' strike, which has cost the country an estimated $3.8 billion and divided the nation, will go into its second year in March; a carefully crafted settlement fell apart while Thatcher...
Thatcher then delivered what amounted to a valentine to U.S.-British relations. Her voice at times schoolmarmish but her delivery well modulated, the Prime Minister glossed over the battering of the British pound by the strong dollar, noting that "it is a marvelous time for Americans not only to visit Britain but to invest with us." On East-West relations, Thatcher insisted that the goal of the Soviet Union remained "the total triumph of socialism all over the world...
...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...
...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...