Word: backwardation
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Carefully Ignored. The Central High report, written seven years ago, had been carefully ignored. Philadelphia kept to its policy of promoting all pupils in its public-school classes, regardless of whether they had made the grade. Purpose: to keep backward students in their own age groups. Result: the dullards retarded the whole class; teaching was geared to the lowest instead of the highest common intelligence...
...sentence that reads the same, forward or backward. Famed example: "Able was I ere I saw Elba" (apocryphally attributed to Napoleon...
Last week, as events reinforced the limb on which he had long been impudently perching, Stabler gibed: "Get yourself a compass, a divining rod, walk backward through a dark alley at three minutes after midnight and everything will be made clear. The first of them who comes out honestly and admits that the hocus-pocus of the Dow theory made him miss nine weeks of the bull market will deserve a seat on the Stock Exchange, upholstered in bearskin...
...Both Congress and the President seemed to have run out. Harry Truman had already vetoed five bills. Early in the week he had signed the rent-control bill (TIME, July 7), but with gall in the ink: "I have chosen the lesser of two evils . . . this legislation marks a backward step in our efforts to protect tenants against unjustified rent increases. ... It is unthinkable that the Congress would actually take steps to make more difficult or even impossible the efficient administration of the Government's present activities relating to housing and home finance." He urged an investigation...
Unions could be harassed to death with endless litigation. The requirement that the NLRB seek an injunction whenever a boycott or jurisdictional strike was charged by an employer was "clearly a backward step toward the old abuses of the labor injunction...