Word: reached
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Dates: during 1960-1969
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...long insisted on continuing to try. The result is that when the Bank of England is driven to the wall to defend sterling, it may discover that as much as 75% of the supply of pounds extant is in the hands of foreigners-and out of reach...
...Larger Market. The ripples of the pound's plunge inevitably reach far beyond Britain. The U.S. had long pressed massive loans on Wilson in lieu of devaluation because it feared the effect on the dollar. "If it can happen to sterling," observed one Treasury consultant, "people are sure to ask, can't it happen to the dollar too?" Some probing speculation against the dollar this week seemed likely...
Those who admire Jarrell admire his taste, and it is fortunate that he was always right in his criticism, for he wrote with an authoritarian voice that could have sounded smart-aleck were he ever a shade off target. At times he seems to reach out from the page, shake the reader by the collar, and command "Like It!" with dictums like "these lines are so good that even admiration feels like insolence, and one is ashamed of anything one can find to say about them...
Such troubles lie beyond the therapeutic reach of a tax increase, which is not, as Chairman Gardner Ackley of the White House Council of Economic Advisers quipped last week, "the complete remedy for every ill including the common cold." But Ackley, from rostrums in Los Angeles and Manhattan, spelled out the Administration's case in somber detail. Without higher taxes, he warned, the nation faces "potentially serious trouble" with "price increases and soaring interest rates." On top of that, Ackley forecast "a deteriorating trade balance and new weakness in housing alongside a possibly unhealthy boom in investment, inventories...
...interest Simon is Swift & Co., which recently announced an executive change of its own. President Robert Reneker, 55, becomes sole chief executive on Dec. 1 when Board Chairman Porter M. Jarvis retires, taking his title with him. Reneker made his reputation in sales and is the first man to reach the top spot without a solid grounding in meat operations-which suggests that the company, having branched into such nonfood items as chemicals and insurance, plans further diversification. Admittedly curious about rumors of Simon's interest in his company, Reneker claims that he does not plan to let Swift...