Word: pound
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Most of all, complainers as individuals should not lose heart. They should learn to suppress that feeling of embarrassment, the worry about what other people will think of them. If the neighbors are playing their radio at a level that suggests that they are deaf, pound on the wall. Or ring their doorbell and expostulate in calm, well-reasoned tones. If a bargain gadget advertised for sale turns out to be not as advertised, arm yourself with the advertisement and demand redress. Faced with an outrageous bill for a crankcase repair, demand to see the "flatrate manual" used...
...trouble started with the British pound, which had been weakened by rampant inflation. Denis Healey, financial spokesman for the Labor Party, predicted in a speech in Parliament early last week that the Tory government would devalue the pound in July or August. Currency speculators-mostly commercial bankers and treasurers of multinational corporations-took Healey's forecast as confirmation of their worst fears and began to unload pounds. On a single day, Thursday, about $1.2 billion worth of pounds were sold by speculators. In order to keep the pound's price in other currencies from dropping too sharply, European...
...Friday morning the government of Prime Minister Edward Heath had had enough. Rather than continue using up its foreign currency reserves, it announced that it would let the pound temporarily "float"-that is, trade on international exchanges at any price set by supply and demand. That move in effect devalued the pound, and it quickly sank as low as $2.46 in New York City. The drop canceled two-thirds of the increase in the pound's dollar value, from $2.40 to $2.6057, that was agreed upon in Washington, D.C., in last December's realignment of currencies, called...
...that they acted in "good faith" on the instructions of the search warrant. The bureau's associate regional director, Frank Monastero, who supervised the search, regrets only the failure to find any loot. "We didn't send in a lot of guys with instructions of 'you pound here' and 'you pound there,' " he says. "We went through a series of progressive steps. Whether or not this was reasonable is up to the courts to decide. I personally felt that...
...American Academy of Arts and Sciences has announced it will not award its $2,000 Emerson-Thoreau Medal this year. No reason was given, but one academician, M.I.T. Biologist Jerome Y. Lettvin, says that the group's literary committee recommended Ezra Pound, and that the governing council rejected him because of his anti-Semitic broadcasts for Italy during World War II. "Had you decided that Pound was an indifferent poet, and so deserved no prize," wrote Lettvin in his resignation, "then you would have no need to study his human failings. But you decided he was a good poet...