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T he annual inflation rate has cooled, new data from the U.S. Bureau of Labor Statistics revealed on Wednesday.. The July consumer-price index shows an annual inflation rate of 2.9%, slightly ...
The pound ( sign: £) is the main unit of sterling, [ 4] and the word pound is also used to refer to the British currency generally, [ 5] often qualified in international contexts as the British pound or the pound sterling. [ 4] Sterling is the world's oldest currency in continuous use since its inception. [ 6]
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A competing chain, A&W, attempted to introduce a similar, but larger burger in the 1980s which contained a one-third pound (151.2 g) beef patty rather than a one-quarter pound (113.4 g) patty, but it met with customer disinterest due to the perception that a patty which was a third of a pound was lighter and smaller than a quarter pound patty.
According to economist Richard Sutch in an alternative view of the era, the bottom 25% owned 0.32% of the wealth while the top 0.1% owned 9.4%, which would mean the period had the lowest wealth gap in recorded history. He attributes this to the lack of government interference. [64]
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