Word: corrective
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Dates: during 1970-1979
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Throughout his article Mr. Feinberg refers to the value added tax as "regressive," as opposed to the "progressive" income tax. These labels are, technically exactly correct. The problem is that Mr. Feinberg neglected to indicate that these terms have different meanings in economics than in everyday life...
...when the Go button is pressed, the machine says, in a deep, pleasant, male voice, "Spell wash." The child presses W, and the machine pronounces the name of the letter: "Double-you." When the speller finishes punching the letter buttons, he presses Enter, and the machine says, "That is correct. Now spell extra." Or, if the speller has made a mistake, the machine says, "Wrong. Try again." The sentences are lifelike, and the pitch of the voice rises and falls in a normal way. Two wrong attempts bring the correct spelling, spoken aloud, and a new word to try. After...
...does not award prizes for correct guesses. Testing service officials have said, "The scores themselves are enough of a reward...
...They are not represented in the white Parliament. That is correct. But they have their own parliaments. We have some urban blacks serving as ministers in their national states...
Chase responded that the Iranian statement was not correct. It and the six other U.S. banks in the syndicate voted, over the protest of the four non-U.S. banks involved, to declare the default. The U.S. banks could use the Iranian assets frozen a week earlier to offset their own $300 million share of the loan, but the non-U.S. banks (two Swiss, one British and one Canadian) had no such recourse. Their only options were either to activate a so-called cross default clause and foreclose on the Iranian government in court for the remaining $200 million...