Word: pound
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...Pound wrote that he favors a more flexible approach to curriculum that would not delineate required courses in such a specific manner...
However, Robert V. Pound, Mallinckrodt Professor of Physics, dissented from the report, noting that he disagrees with the decision to recommend any particular set of special and narrowly defined required courses...
...result, retail prices of Parmesan in many stores have nearly doubled, from $2.70 a pound in midsummer to $4.70 a pound currently. The price hike caused an outpouring of rage. "Bastaf" cried desperate Italian housewives, forced to turn up their noses at the fragrant wheels stacked on their grocers-shelves."When Parmesan went up to $4 a pound," said one Milanese widow living on a pension, "I told my grocer to eat it himself...
These glowing figures tend to support West German Chancellor Helmut Schmidt's oft-repeated view that the pound sterling, which has dropped 20% in value against the dollar in the past year, is actually undervalued. Says the research director of one of London's biggest merchant banks: "The North Sea will give sterling holders plenty of reason for encouragement if the government can only convince them it won't fritter it away in foolish increases in public spending. Once that message gets across, I wouldn't be surprised to see sterling firm up immediately...
...pinning his hopes on the West Germans. Schmidt recently met with Callaghan; he has agreed that West Germany will give full support for Britain's IMF loan application, much of which will in fact involve German funds. Bonn will also drop its demand for a revalued "green pound," the rate of exchange at which agricultural transactions are conducted within the European Community and that now amounts to a subsidy for British food prices. Thus, as in Italy, the economic clout of the West Germans may well be a decisive political factor in Britain...