Word: pound
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...likely negative results of a pull-out (more pressure on the pound, reduced investment by the multinationals, and strained relations with the Continent) were far easier to discern than the positive impact of staying in the EEC. The most persistent economic argument in favor of British membership is based on what is commonly known as the cold-shower gambit: that the stimulus of tariff-free access to the EEC's huge market (nearly 260 million consumers), combined with increased competition from European imports, will help revitalize British industry. The sheer challenge might force Britain to break...
...freshman, came out late for the squad after the football season and was soon sidelined with an injury. After wrestling in only three bouts during the entire season. D'Agostino made a remarkable effort at the Eastern Championships, held at Navy, picking up a fifth place in the 190-pound weight class for the only Crimson score...
...most critical event of his entire life had already occurred. The event had taken place when he was 10. He had been sitting stop one of the powerful diesel engine tractors on his father's prosperous Lewis County dairy farm. The tractor lurched forward unexpectedly. The 80-pound boy fell off his makeshift seat and into the tangle of steel blades. It was a wonder he wasn't decapitated was the comment from the doctors who saved his life. As it was, he lost both legs...
...Firm Evidence. On the more mundane penny and pound level, the pro and con arguments seem to consist, as Tory Shadow Foreign Secretary Reginald Maudling put it, "of diametrically opposed conclusions drawn from the same inadequate facts." Pro-Marketeers, rather indifferently led by Prime Minister Harold Wilson, himself a convert to that position, argue that continued membership will lead to more jobs and lower food prices for Britons. Anti-Marketeers on both far right and far left say that it will lead to fewer jobs and higher food prices. And an exhaustive study by the National Institute for Economic...
...Israel in recent months has been longstanding if less severe economic isolation; the Jewish state belongs to no trade bloc in which it can sell its products under low tariffs, a fact that aggravated a $3.5 billion trade deficit that last year forced a 43% devaluation of the Israeli pound. But in Brussels last week Israel achieved a significant breakout from its loneliness. The nine-nation European Economic Community signed an agreement that greatly reduces tariff barriers on sales of Israeli goods to the Common Market and assures Israel there will be no arbitrary cutoff of supplies of such essential...