Word: pound
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...Caril's recent hearing, there were no objections to her petition for freedom. Testified the Nebraska Center's Superintendent Jacqueline Crawford: "Whether she's guilty or innocent is irrelevant. Nebraska has got its pound of flesh." It took the board only ten minutes to reach the decision that Caril is to be released on June 20. Dressed in white, her brown hair freshly curled, she cried as she walked into the room, while the small audience applauded. Caril will settle in Clinton County, Mich., where a family has promised her assistance and a clerical job. She will...
...skyrocketing: one nuclear plant in Michigan that was originally budgeted at $260 million will wind up costing $1.4 billion. And though nuclear plants can produce electricity more cheaply than plants burning coal or oil, the cost is going up: the price of uranium fuel has leaped from $7 a pound...
Until recently, a grim joke among international moneymen was that British bankers were preparing a special Bicentennial gift for the U.S.: a pound worth $ 1.776. Two weeks ago, the laughter grew thin; sterling fell to $1.705, down from $2.02 as recently as March. The pound's collapse threatened to weaken the international monetary system and cast a shadow over the industrial world's quickening recovery. Then last week a spate of good news buoyed the pound. Its value climbed to $1.771 at week's end, raising hopes that the worst of the sterling crisis might be over...
...industrial nations agreed to intervene to keep money markets orderly, which could include support for specific currencies that were deemed to have sunk too low. For months the British argued that investors had overreacted to Britain's formidable economic woes and had left sterling undervalued. While a cheaper pound gave British goods a price advantage in world markets, it also kicked up inflation by making more expensive the huge amounts of food and raw materials that the nation imports...
Heymann's comment on Pound's conduct that May Day of 1961 is short, rhetorical, but necessary and correct: he simply lists the principles Pound had uttered all of his later life: "Sinceritas? Cheng Ming? [which means "precision" or "true definition"] Decency in his conduct? Persistent awareness?" None of these were at work that day in Rome, nor in much of Pound's life; and no defense can come to the support of Pound the man for his actions...