"I have only worked here two years so I hope it's not last in, first out, " he added.
In his February 14th budget, the President also proposed something for manufacturers, and that is the elimination of the last in, first out tax break.
Romanticizing the young, energetic, passionate (read: cheap) teacher, he has made eliminating seniority preferences in layoffs (aka, last in, first out or LIFO) his pet cause (it has been stymied for the time being by the state legislature).
In terms of accounting policies, firms using the last-in, first-out (LIFO) inventory cost valuation are more closely matching costs and prices in an inflationary environment.
And as you know, there is a convergence here in terms of reporting requirements towards FIFO -- first in, first out -- as opposed to last in, last out.
In 2011, city officials tried unsuccessfully to convince the state to change a "last-in-first-out" rule that dictates newer teachers must be laid off before those with more time on the job.
Mr. Van Hollen also draws a bead on the last-in, first-out accounting method known as Lifo.
WSJ: Merrill Matthews: About Those Tax Breaks for Big Oil . . .
There is a debate to be had about compensation, last-in-first-out, and tenure.
Repeal the Last-In, First-Out (LIFO) method of inventory.
FORBES: Senate Proposal For Tax Reform, Part 1: The Buffett Rule Becomes (Proposed) Reality
They won the Champions League for the first time in their history last season, but became the first defending club to go out in the group stages this year.
Twelve months on Maldonado and rookie teammate Valtteri Bottas both failed to make it out of the first round of qualifying last time out in Barcelona.
The sector was first into the downturn in the first half of last year and the first out since March 2012.
Trott, who made a double century in the first Test against Bangladesh last month, missed out on a place in the World Twenty20 squad and has also been omitted from England's squad for the forthcoming one-day internationals against Scotland and Australia.
In last night's vote, 39 of the 186 crossbenchers turned out - compared to 68 in the first of last week's government defeats.
They believed that FILO (First In, Last Out) was sacred ground they wanted to claim.
First in, Last out is not ideal and certainly reform could be very helpful in making the system more responsive and equitable.
In his first tournament since crashing out of Wimbledon last year, he lost in the final.
The first edition of The Phoenix by the Oxford publisher David Fickling Books was launched in January, while Strip Magazine came out for the first time in October last year.
India, who were knocked out in the first round of last year's World Cup, left veteran stars like Rahul Dravid and Sourav Ganguly out of the squad.
Throughout the game, Shearer was renowned for being a consummate professional: first in to training, last out.
Last month, the authorities in Indonesia carried out their first execution for more than four years.
Ivan Klasnic, with five goals in his last nine matches, brought the first save out from Bunn following Tamir Cohen's cut-back.
In his first Budget last month, Mr Osborne set out plans to reduce the headline rate of corporation tax by 28% to 24% over four years in an effort to show Britain was "open for business".
These refugees tended to be English-speaking professionals or students. (Their less-educated compatriots were inclined to head for factories or building sites in Germany.) At first their numbers were not great, but when war broke out in Kosovo last February, sisters, cousins and others with family already established in Britain began to arrive.
Kenneth Widmerpool is present from his emergence in the first volume out of the mist on a school run to his bizarre death in the last volume.
The proposals for the new qualifications were met by intense criticism from teaching unions when they were first floated last June and then set out in detail in September.
Nato has been in charge of the international peacekeeping force in Afghanistan since late last year, its first so-called out-of-area mission.
The first two were rushed out in draft form last year by the European Commission, without consultation, in an attempt to speed up the process.
Real estate prices extended their rally in 62 out of 70 Chinese cities last month, with first-tier cities leading the gains, the National Bureau of Statistics (NBS) said Monday.
The final instalment of the series, Deathly Hallows, has sold 44 million copies since it came out last summer - including 15 million in the first 24 hours, the magazine said.
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