Word: backwardation
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Aden Abdullah's rise from houseboy is typical of the changes that are taking place in Somaliland, a territory larger than Italy but with fewer people than Rome. When the British in World War II drove out the Italians who had ruled it since 1892, they found a backward, incredibly poor land populated chiefly by spear-carrying nomadic tribesmen. They seized every scrap of the country's machinery for reparations and tore up its only railroad...
...face of this far-reaching crisis, Paul Butler is not likely to strike his distress flags soon. The Democratic Party's big contributors may yet come through-but they can hardly be expected to bet heavily on a horse that is running backward, especially when they don't yet know the name of the horse...
...change in company towns stems from the social and economic maturity of U.S. industry. Community and employee relations are as important a factor in modern management as raw materials, markets and transportation. Most companies today bend over backward to be good neighbors in their communities. Industry's new attitude to community relations was simply defined by Troy Blanket Mills' Vice President E. J. Russell, whose company has been the only industry in Troy, N.H. for 75 years. Said he: "People like to be treated like people...
...independent path to socialism; Stalin is up, Stalin is down . . . The Daily Worker editors had carved out a position even more unassailable than the Soviet leaders have claimed for them selves. The Soviet leaders admitted to previous mistakes. The Daily Worker editors smoothly absorbed the new positions without a backward glance...
Scholarly Powerhouse. In its 50 years of operation, AGE has consistently shown that a privately owned utility can do a good job of competing with public power. AGE helped modernize the backward areas of the Ohio Valley in much the same way that TVA has enriched the Tennessee Valley, and it lured many heavy industries that might otherwise have settled in the Northwest, where government power is cheap, e.g., Henry Kaiser's new $120 million aluminum reduction plant at Ravenswood...