Word: poundingly
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World currency markets were relatively calm last week. The dollar and the British pound were the strongest of the principal currencies. The strength of the pound was due to Britain's plentiful North Sea oil deposits, which will be worth even more if petroleum prices again increase. It is also kept robust by the country's 16% interest rates. British exporters, however, complain that their goods are now overpriced in foreign markets in comparison with products priced in weaker currencies. The dollar was robust largely because it remains, despite U.S. economic problems, the world's "refuge currency...
...gathered in Boston Common for the conclusion of the city's five-month Jubilee 350 celebration. Naturally the goodies were scaled to suit the town's venerability: a 2,000-lb. creamy fudge sundae and a 14-ft. by 6-ft. field of butter-creamed pound cake adorned with a 5-ft. marzipan replica of historic Faneuil Hall. The cake, a six-month construction project for Entenmann's Bakery and a local architectural firm, was surrounded, of course, by 350 candles. Kevin White, 51, mayor of Boston for what seems like most of its history...
...their final frenetic weeks of training, crisscrossing city streets and country lanes, eating special foods, subjecting their bodies to all manner of special exercises. The object of all this self-inflicted agony is the Oct. 26 New York City Marathon, when 16,000 runners will try to pound out 26.2 miles (42.2 km) in the world's largest long-distance race. Few will be able to match stride with the likes of Four-Time Winner Bill Rodgers. But for many competitors, just finishing is its own special victory: they are convinced that long-distance running protects them from heart...
...jump in seven years. Moreover, prices are expected to keep right on going up for at least the next six months. Says Rodney Kite, director of agricultural forecasting at Evans Economics in Washington: "Food will be in the forefront of inflation the rest of this year. By December a pound of hamburger or chicken will cost 15% more than it did in June. Pork chops will be 20% higher." Otto Eckstein, president of Data Resources Inc., an economic-forecasting firm, says that by next spring prices of farm products will be up 24% from last spring...
...models as "the American way to beat the pump" will be Chairman Lee A. Iacocca. With a savvy and pound-on-the-fender style learned during 34 years in the auto business, he hopes to sell every one of the 600,000 K-cars that the company can produce this model year. So far, the public's response is good. Even before the cars have moved into dealer showrooms, Chrysler has sold 45,000 to fleet buyers like Xerox and AT&T and another 45,000 to dealers and individuals...