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COMMONWEALTH VERSUS HUNT: A notable court case, decided by the Massachusetts Supreme Court in 1842, that declared labor unions were not illegal, which had been the existing interpretation of the law up to that time. This court case paved the way for the U.S. labor union movement, which continued in force for the next 100 years. While this case established the legality of a labor union, union activities (such as strikes) were not necessarily legal. This was much like making it legal to own a gun, but not legal to shot someone.
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ELASTIC The general relation between two variables in which relatively small changes in one variable (A) cause relatively large changes in another variable (B). Small changes in variable A cause relatively large changes in variable B or the percentage change in variable B is larger than the percentage change in variable A. This characterization of elasticity is most important for the price elasticity of demand and the price elasticity of supply. Elastic is one of two general elasticity relations between two variables. The other is inelastic.
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ORANGE REBELOON
[What's This?]
Today, you are likely to spend a great deal of time watching the shopping channel wanting to buy either an extra large beach blanket or a large flower pot shaped like a Greek urn. Be on the lookout for a thesaurus filled with typos.
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The penny is the only coin minted by the U.S. government in which the "face" on the head looks to the right. All others face left.
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"The only place success comes before work is in the dictionary. " -- Vince Lombardi
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MCA
Monetary Control Act of 1980
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