Word: pound
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BRITAIN, with its faltering production, oppressive rate of inflation, high unemployment (5.5%) and staggering debt, remains one of Western Europe's sickest economies. The value of the pound has plummeted to historic lows, going from $2.03 in January to $1.68 last week, despite the ruling Labor Party's vigorous efforts to hold down wages and increase output and exports. After the latest currency crisis in September, Whitehall was forced to ask the International Monetary Fund for a $3.9 billion loan. If approved, the loan is likely to be accompanied by strict requirements that Britain hold down its money...
...ever after. While Dostoevsky was nonpareil, others came off less fortunately. Conrad, the letter reader learns, was a "distant admiration." Joyce was a doubtful quantity: "I don't know that he's got anything very interesting to say." Henry James emerged as "faintly tinged rose water." Ezra Pound was "humbug." Aldous Huxley, "in spats and grey trousers," proved eminently resistible. The elegant aphorist Logan Pearsall Smith left an impression of "perfect sentences of English prose served up in a muffin dish, over a bright fire, with the parrot on a perch...
...will take at least two years, by some estimates, merely to rebuild Lebanon's fragmented army and internal security forces. In parts of Lebanon, the Syrians seem to have settled in for a long stay. In the fertile Bekaa Valley, Syrian currency circulates as easily as the Lebanese pound, and shopkeepers routinely do business in either. Arriving there from Damascus, TIME Correspondent Wilton Wynn stopped at a Lebanese checkpoint manned by a Syrian soldier. "Welcome to our country," he said...
...measures been defeated, Prime Minister James Callaghan could have been forced to dissolve the Commons and call for new elections. The closeness of the votes was further proof that Callaghan's hold on No. 10 Downing Street has become as tenuous as the value of a pound note...
...suggested concrete incentives or requirements to get Faculty members involved in these programs. Requiring students to take what the task force wants is an easy and potentially damaging way of placing the onus of Gen Ed on student shoulders. To quote the dissent of task force member Robert V. Pound, Malinckrodt Professor of Physics...