Word: backwardation
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When stolid Bob Taft, armored with the breastplate of facts and the lance of logic, sallied forth after the G.O.P. presidential nomination last summer, he had cast hardly a backward glance at Ohio. He was certain that his home state was a strong keep which could not be breached, that its 53 convention delegates were loyal to their liege lord. But last week Bob Taft found himself with his back to his own portcullis, fighting for his political life. Minnesota's Harold Stassen had somehow managed to get across the moat and was threatening to kidnap the faithful henchmen...
...Alan Gregg of the Rockefeller Foundation stuck a probe into the powerful specialty boards,* which certify doctors as specialists in the 15 recognized fields. The inbred, backward-looking boards, he said, give examinations that try to find out whether a candidate knows what the examiners know, not what the candidate himself knows; they stifle medical progress by "withholding approval of the new by insistent emphasis on expert knowledge of the old"; they become "partners of static and reactionary, albeit powerful and respectable, inertia or ignorance." Dr. Gregg's suggestion: pick specialists by their competence in practice...
Hockey fans, like the game they yell at, are not polite. All season in Toronto, they had grumbled about mild-mannered Harry Watson. He seemed backward about parting the enemy's hair with his hockey stick. He was too gentlemanly-a bad thing in present-day hockey, and especially during the Stanley Cup playoffs, when the players are tearing one another limb from limb. Last week in Boston Garden, Harry squared himself with Toronto fans, anyway. With seven or eight piston-like punches, he broke the nose of Boston Bruins Murray Henderson...
...pressed for lowering of tariffs, abolition of quantitative restrictions (i.e., fixing of how much of certain goods a nation could buy or sell), the breakup of tight little barter and preference blocs. .But the "backward" nations of Asia, Africa and Latin America insisted that, unless their fledgling industries were protected by fences, they would forever remain merely cheap sources of bananas, coffee or jute for the more highly industrialized nations. The delegates of these "backward" nations pointed out that it was only the protective tariff which had made 19th Century America so rich that it could afford to oppose protection...
...Auto Workers completely conveyed the integrity of his stance to an audience that might have been hostile: members of Advanced Management and Labor Policy Seminars together with curious Business School onlookers. They peppered Reuther with questions on specific petty gimmicks of UAW policy. The Red Head simply cocked jauntily backward and the Redhead triumphantly established a controlling rapport. "Walter's learned not to get mad at them," remarked a Nieman Fellow who has long covered labor in the Midwest...