Word: backwardation
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...country where many people want to keep the profits of the capitalist regime without respecting its laws, of which the first one is free competition. These people allow neither external nor internal competition. Agreements result in the fixing of sales prices according to the production costs of the most backward enterprises...
...Looking Backward. The first U.S. commercial airlines flight with all passengers seated backward was made last week by a North American Airlines DC-4 from Burbank, Calif, to New York City. The reversed seats, recommended by many air safety experts (TIME, Sept. 1), give passengers sitting backward a better chance of survival in crashes because the back of the seat distributes the shock more evenly...
...account their resources and strength in drawing up plans, and proceed only from subjective aspirations." In a speech at Peking last week, Vice Chairman Chia Tofu of the government's Economic and Financial Committee confessed: "On the whole, our industrial foundations are very weak and our industrial technique backward." Sixty per cent of all Chinese industry is now state-owned, Chia boasted, but obviously the state is having a hard time finding managers who know their jobs. Chia announced a new set of production goals, but did not compare them with the more grandiose targets proclaimed earlier. This year...
...lightweight championship fight between Challenger Tommy Collins, 133 Ibs., and Champion Jimmy Carter, 135 Ibs., televised over NBC from the Boston Garden. After two relatively even rounds, Carter hit Collins (an overblown featherweight) a hard left to the jaw. For an instant, Collins remained dazedly upright; then he fell backward to the canvas as if poleaxed...
...feel that the United States more than ever before must keep up its traditional role as a friend of the peoples of backward areas. . . We would, therefore, strongly urge you to allow Mr. Gatheru the advantage of an American education and to insure us of the friendship of a possible future leader of his people...