Word: pound
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...Lawrence Ferlinghetti, elder statesman among San Francisco hip poets, it seemed just another Establishment hassle that he had to get his car out of the pound, where it had been towed for illegal parking. But when the fuzz checked their files, Ferlinghetti suddenly found himself behind bars on a 1970 charge of selling pornography. As principal owner of the City Lights bookstore, he had been cited as a co-defendant after the clerk was busted for selling Zap Comics. Before the last hearing, though, the clerk was killed in a motorcycle accident. "So," said Ferlinghetti, "I thought the case...
...investments and other capital movements as well as merchandise trade. In the second quarter of 1972, according to Alan Greenspan, a member of TIME'S Board of Economists, the U.S. official settlements balance was headed for its first surplus in more than two years. Then Britain floated the pound, inciting fears of a monetary crisis and a new dollar devaluation. Multinational corporations and speculators rushed to trade their dollars for stronger European currencies. As a result, Greenspan estimates, the U.S. had a deficit of $1.3 billion in the quarter. During the first 31 weeks of July, Greenspan reckons...
...wake of the international monetary system's recurring crises, European governments are erecting ever stricter controls on the flow of capital across national boundaries. The most recent furor, caused by Britain's decision to unhook the pound from a fixed value and let it fetch whatever the market will bring, has brought on yet another spate of regulations. Their purpose is understandable: to keep out the flood of homeless, speculative cash -much of it in irredeemable dollars -that can make a betting game out of currency values and disrupt nations' economies in the process. The growing danger...
BRITAIN. Since it floated the pound last month, Britain has imposed a whole range of controls on capital outflows, strengthening barriers in force since 1947. Banks are severely limited in dealing in foreign exchange for their own investment purposes. Companies are allowed to buy foreign currency only for import and export deals or for officially sanctioned overseas investment. The rising burden of bureaucratic paperwork could threaten London's role as a world financial center. Says an official of London's Midland Bank: "These days I push paper for the government...
Most of the songs fall neatly into types. "Keep on Rollin" is pure Little Richard in tone, but moves beyond him finally. Rod Argent's piano opening and solo are both boogie-oriented, but emphasize notes, where Little Richard was content simply to pound chords. This is an Argent-Chris White composition, and as such stresses keyboards...