Word: pound
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...strategy proved mildly hopeful. The dollar drifted down slightly in money markets, but nothing like the expected 12% to 15%. At the close of trading last week, the franc had risen by 2.8% in relation to the dollar, the mark by 7.6%, the Swiss franc by 2.5%, and the pound by 3%. Put on a limited float at week's end, the Japanese yen rose as much as 7% in the first day's trading...
Itinerant buck passers, including some 4,000,000 Americans living and vacationing abroad, faced a confusing array of exchange rates. Early in the week, the London Hilton was gouging its guests $2.75 for the pound, while the American Express office in that city was gamely taking traveler's checks at the official rate of $2.42. A few rapacious landladies at London bed-and-breakfast lodgings were squeezing $3 to the pound out of gullible visitors. Tourists did not know what their dollars would be worth the next minute, or in the next country. From Canada to Japan, some merchants...
...year-old Code of Hammurabi by more than 150 years. It showed that price controls were used in the ancient Babylonian kingdom and that criminal penalties were carefully spelled out: "If a man bites the nose of another man and severs it, he shall pay a fine of one pound of silver...
Losing Grip. But was Pound's howling entirely sane? Mary deals with that matter as cryptically as possible. "He was . . . losing grip. His tongue was tricking him into . . . violent expressions." But her description of what happened to Pound when the war ended is detailed and grim. He was arrested by two small-time crooks who had learned that there was a 500,000-lira reward for his capture. Handcuffed to an accused murderer, he was taken by Jeep to a military jail near Pisa. There, at the age of 60, he was kept like an animal in an outdoor...
...life-now married and the mother of two, she lives in a castle in the Italian Tyrol-Mary writes gracefully but modestly. Pound is the major figure in her book, and she willingly plays Cordelia to his Lear. Perhaps at times she adds too soft a shading to the fierce old face-who could begrudge him that? Who would not be glad to hear that he and Olga are still together in old age, "taking care of each other"? Who could not envy him the vision he rescued out of horror...