Word: backwardation
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...backward glance at ten years could not hide the fact that TV is often still pretty Infantile. It made even plainer, though, that the infant is indeed fabulous...
...century, Philosopher Francis Bacon's 16th-century dictum that knowledge is power has come fully and prophetically true. Advances in abstract scientific theory can promise or threaten next year's breakthroughs in the technology of national power. And on the sidelines of the science-technology race, the backward nations, eager for progress and wary of winding up in the loser's camp, watch intently to see how Russia fares in competition with the West...
...world, to live the full, good life. The specific objectives varied by nations-large public works, social welfare schemes, high wages, more leisure for workers, local rather than foreign development of national resources -all adding up to what economists call "the revolution of expectations." But expectations outran means; relatively backward economies could not supply the standards of fully developed states. Strained for the means, nations turned to their central banks, forced them into credit expansion by printing money...
...seats and dual headlights. Unfortunately it will not be ready before 1976." Humans also had some biting remarks. A Chicago Daily News paragrapher advised Under Secretary of State Christian Herter: "Maybe you should reserve a large share for the U.S. when you're dishing out the aid to backward countries...
...Then? Haile Selassie himself had been solely responsible for bringing his backward people closer to the trend of the times. In his speech from the throne, the Emperor summed up some of the accomplishments of his 27-year reign: the adoption of his nation's first constitution, its first popular elections, the inauguration of public welfare, health and education programs. "If we had not provided our people with the opportunity for developing their knowledge," he asked, "who then could have commended or criticized our activities...