Word: poundingly
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...EZRA POUND IN ITALY: FROM THE PISAN CANTOS
...been presented to President Carter and other leaders of the industrial West at the subsequent Bonn summit. British Prime Minister James Callaghan, however, remained cool toward the idea. In the first place, the British?and for that matter, the Italians as well?are reluctant to tie the pound and other weak European currencies to the superstrong West German mark. Second, London feels that the scheme was somehow imposed on the rest of the Community by what it regards as a fast-developing and potentially dominant Franco-German alliance...
...fluctuations of the dollar, as well as other currencies, and thus also help stabilize the dollar itself. Schmidt's proposal features two devices: 1) a so-called boa of currencies, which would have more leeway than the old snake to let weaker currencies, such as Britain's pound and Italy's lira, initially move up and down within a broader margin than the stronger currencies; and 2) a kind of "mini-IMF" of pooled reserves from which the members could automatically draw funds to support their currencies and deter speculation...
...proposals initially drew prickly opposition. At Dutch instigation, four small countries called a separate caucus to sulk over what they regarded as West German and French highhandedness. British Prime Minister James Callaghan, who is reluctant to inhibit the pound in any case, argued that the scheme could be construed by Washington as a move against the dollar. Schmidt proved to be one step ahead of his critics. In a series of telephone calls to Carter, he apparently succeeded in getting Washington's blessing for the monetary idea. Said a ranking German finance ministry official...
...were it not for the million little black globules nestled in the average female's ovaries. If Mama is called Acipenser huso and comes from the Black Sea or the Caspian, her eggs may wind up in the U.S. as Iranian or Russian beluga caviar worth $200 a pound. The good news is that federal aid, abetted by academic enterprise, private initiative and a dash of Iron Curtain intrigue, may soon put this exquisite fishy fudge on middle-income toast...