Word: pound
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America was humiliated at the Munich Olympics when Chris Taylor, the 400-plus pound lug who had flopped his way into America's heart, was torn to pieces by a sneaky little Russian half his weight (it is no coincidence that late August-early September is marked by historians as the time that detente turned in the Russians' favor); but Chris Taylor is nothing compared to America's greatest Wrestlers. He hasn't even been able to break into the top ten contenders list for the west coast, which is the easiest of all the professional wrestling conferences. The likes...
...little doubt that a special T.U.C. conference, called for next month, will approve the new pay policy, the Callaghan government must exercise deft leadership to ensure that the voluntary restraints are not breached. If the government seems unable to make the wage agreement stick, the run on the pound, which stabilized at about $1.83 last week, could continue. Since this would boost Britain's bill for imported raw materials and food, it could quash London's hope for a real recovery...
Harvard crew coach John Higginson has a sign hanging over the door of his lightweight oarsmen's locker room which reads, "Please don't feed the oarsmen." The sign serves two purposes. First, it reminds the rowers to stay under the prohibitory 160 pound limit and second it keeps the crew sufficiently hungry from race to race that come each weekend the Crimson lights go out and feast on whatever unsuspecting boats come their...
...need for a speedy and sound agreement can hardly be overemphasized. Uncertainty about the outcome of the pay talks has caused nervous investors to dump sterling. Last week the pound hit a record low of about $1.80 before rallying to close at $ 1.84-still down 8% against the dollar in less than two months. No significant recovery is likely until a workable pay policy is adopted and investors' fears of a new burst of inflation are put to rest. A cheaper pound will give British goods a price edge in world markets; it is already driving hordes of bargain...
...anything could happen, the portents are favorable. T.U.C. leaders are well aware that if they take an obdurate stand and force Healey to withdraw all or part of his popular offer of tax relief, they will be blamed. Labor would also be faulted for a further drop in the pound and more inflation...