Word: pound
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...overweight, then "overwaist," and need trimming. To accomplish this, they should first cut 200 calories out of their daily diets. Then they should exercise off 300 calories a day. Over a week, this would result in a "deficit" of 3,500 calories, about the same amount as in a pound of fat. "If you lose more than one pound a week, put it back on," Morehouse advises. "When you start sweating, you're working your body too hard...
...House of Commons. In the ominous tones he reserves for grave occasions, Wilson told the House of the "economic catastrophe" facing the country. To reverse the tide of inflation (running at an annual rate of 28%) and to calm the jitters of foreign creditors who had caused the pound sterling to hit an all-time low, Wilson formally spelled out the details of Healey's proposed new program of wage, price and dividend controls (TIME, July...
Another criticism is that floating rates have not helped to solve international trade problems. Britain, for example, continues to run huge deficits despite a downward float of the pound. Its woes underscore perhaps the most basic charge against floating rates: that they encourage nations to spend more than they earn, in the false hope that a cheaper currency will correct major economic weaknesses by encouraging exports and holding down imports. In reality, says University of Chicago Economist Arthur Laffer, currency fluctuations "never solve fundamental problems...
...pure TV talk show; the content is not. In one episode the genial, loose-jointed M.C. welcomes a California real estate salesman named Frank Foglio, who tells a modern version of the loaves-and-fishes miracle: his mother, with 18 mouths to feed one night, prayed over a quarter-pound of spaghetti. God multiplied it so generously that there were even leftovers...
...situation is more threatening in other major capitalist nations. Britain, with its inflation roaring at 28% and its pound scraping an alltime low of $2.19, totters on the edge of economic collapse. To fight severe inflation, the governments of Italy and Japan are putting their peoples through the worst recessions in a quarter-century. Inflation in Canada is currently running at 10.1% and in Australia at 17.5%. Even West Germany, which has the most successful postwar economy, is wrestling now with inflation and unemployment...