Word: backwardation
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Like watching a newsreel run backward, delegates from 23 nations have been meeting in London, threading their way through the financial tangles of two global wars. Phrases that were headlines a quarter-century ago (Dawes Plan, Young Plan, Hoover Moratorium) ran through their talk as they sought a way to settle Germany's $6 billion foreign debt. The problem, said U.S. Delegate Warren Lee Pierson, T.W.A. chairman and an old hand at international financial powwows, was "probably the most complicated in financial history." Last week, at a press conference in Manhattan, Pierson announced that the problem had been settled...
...conventions are considered as a debate between the parties, the Democrats came out ahead. Backward-looking though their line was, it was coherent, consistent and easy for the voter to understand. But the Republicans were not really arguing with the Democrats; the Republicans were arguing with each other. In the deeply earnest conflict over political principle that raged at the Republican Convention, it was expedient for both sides to sound as conservative as possible, and, as a result, the party as a whole sounded far more conservative than...
Part of the trouble, says Davis, longtime (ten years) political reporter and editorial writer on the New York Times, comes from an "overemphasis on speed" -the rush to be first with the news. But a more basic reason is that U.S. newspapers, pursuing the ideal of "objectivity," "lean over backward so far that it makes the news business merely a transmission belt for pretentious phonies." Most newspapers, says Davis, still cling to the rule that news columns must print only as many sides or facts of an issue as a reporter has found. Interpretation must be kept on the editorial...
...Except for the professionals among us, we Americans are hell on the English language. [Our writing] is muddy, backward, convoluted and self-strangled . . . Furthermore, almost any college professor . . . will agree that [his students'] writing stinks to high heaven...
...people . . . know what it was like in the South in the 1930s ... the backward farms ... the struggling businesses ... the bank failures. What a difference today. I know the New Deal and the Fair Deal have done more for the South than any other national administration in ... history." He talked of new factories, rehabilitated farms, the blessing of rural electricity, of new homes and healthy children. "Remember . . . this year when you see & hear the storm of political propaganda that will [be used] to try to turn back the clock." He spoke four times during the day and flew back to Washington...