Word: pound
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...suggesting that Britain might be better off reunited with "our American Brethren " as the 51st state. Among the magazine's grievances against the present government: "They have repeatedly and cruelly increased the Price of stamps, thereby effectively levying a Stamp Tax; they have reduced the Value of the Pound to just about 1.776 Dollars, which is an excessively Bicentennial Figure." The Declaration acknowledged past differences ("What if we did burn down Washington in 1814? Jimmy Carter, at least, ought to approve "), but in support of its plea for reunification pledged "our Lives, what is left of our Fortunes...
...index of prices of 13 industrial raw materials, published weekly by the Economist of London (and calculated in dollars), has risen 34% since last November. Quotations on the London commodity markets, which determine prices for many international transactions, are somewhat overstated since they are expressed in sterling and the pound has been sinking sharply in value. Even so, they are worrisome. Some examples: the sterling price of copper wire bars has jumped 83% above its 1975 low, zinc 44%, nickel 61%, tin 53%, cocoa 161%. In the U.S., soybean futures prices rose 13 cents, to $7.20 a bushel, last week...
Except perhaps for gold, no monetary asset has quite the mystique of the Swiss franc. Since 1970, it has gained 74% in value against the dollar, more than 130% against the British pound and Italian lira, and even 23% compared with the almighty West German mark. The franc's strength is usually attributed to Switzerland's social and political stability and its reputation as a haven for funds of all sorts. Recently, the value of the Swiss franc has also been boosted by some economic successes that are the envy of most other nations...
...beef has exploded-up 114 percent in only three months, from ?3 10 shillings to ?7 10 shillings in Pennsylvania currency per barrel. New Yorkers are buying refined sugar at exactly double the cost of three months ago (1 shilling 3 pence, v. 2 shillings 6 pence per pound). And tavern keepers throughout the Colonies are bitterly protesting the intoxicated prices of West Indian rum, now running as much as 110 percent higher than last whiter. Even the humble pin is no longer humble in cost. A woman in Braintree, Massachusetts, complains: "The cry for pins is so great that...
...cruisers to attack the British ships bringing supplies to the forces besieged inside the city, hired vessels to start making raids. Within a month, one of them, the Lee, made a major catch-the ordnance brigantine Nancy, loaded with 2,000 muskets and bayonets, 3,000 rounds of 12-pound shot, a large supply of gunpowder, flints and a huge mortar...