Word: whiskered
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...scheme in Basel, the signs of a monetary storm were all too evident. Buffeted by the Czech crisis and persistent clamor for an upward revaluation of the strong West German deutschmark (a move that was drawing money out of London), the pound had sunk to within a whisker of its post-devaluation low of $2.38¼ in foreign exchange centers. Harold Lever, financial secretary to the British Treasury and a key figure in selling the scheme abroad, noted: "If the agreement had not been achieved, there would have been a real danger of sudden and uncoordinated disintegration of the sterling...
...other-than-industrial categories, the leaders were unchanged. Bank of America is still the nation's biggest bank; Prudential, by a whisker ($511,000 higher assets) over Metropolitan Life, is still the biggest insurance company. Sears, Roebuck is far and away the biggest merchandiser, Penn Central the biggest transportation company, and A.T. & T. by much more than whiskers the biggest utility. (A.T. & T., were its revenues considered as sales, would stand third if it were included among the industrials...
...remained well below its alltime high of 995.15 on Feb. 9, 1966. In reaching its new peak, the New York Stock Exchange index has gained 22% this year. Standard & Poor's 500-stock index comes out be tween these two; it has risen 18%, to $94.04-within a whisker of its $94.58 record set last May 8. Over-the-counter stocks, as measured by the National Quotation Bureau's industrial average, have jumped 42% this year, and the American Stock Exchange's comprehensive index...
...costs of public education by voting down new levies and rejecting bond issues. In 1960, according to the U.S. Office of Education, only 11% of the nation's school bond issues went down to defeat; last year, 25.5% were rejected by voters, while countless others were approved by whisker-thin margins. Southern California, where public school expenditures have risen 345% since 1950, is a major center of the revolt: in the past two years, exactly half of the state's 202 school bond issues have been voted down...
...putting front-wheel drive on the Cadillac Eldorado. Chrysler is discontinuing Imperial as a separate line, will make it a more expensive Chrysler with extra decor and equipment. Ford for the first time will bring out four-door Thunderbirds. Pontiac's grille has been given a cat-whisker effect, with metal trim above the headlights suggesting flaring eyebrows. Detroit insiders have a name for the car: Batmobile...