Word: catch-up
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While work on new U.S. offensive missiles continued, the Russians accelerated expansion of their attack force at a faster rate than Washington had anticipated, and had begun deploying their own ABM system around Moscow. The Soviet catch-up drive, together with China's nuclear development program and the approaching 1968 election, finally pushed the Johnson Administration into the ABM competition. Under Johnson, the U.S. planned a so-called "thin" ABM system, at an estimated cost of $5 billion, to protect against a relatively primitive Chinese missile attack in the 1970s. However, many believe that the project, once begun, would inevitably...
...catch-up play of Harvard's J.V. hockey team was not enough to defeat the persistent U. Mass. freshmen in yesterday afternoon's 4-2 upset at Watson Rink...
...campaign to squelch the pressures and psychology of inflation. Rising taxes will make the battle easier and will siphon funds away from investors. On Jan. 1, Social Security taxes went up by $3.6 billion a year. By April 15, taxpayers must give Washington an extra $11 billion in catch-up payments for the second quarter of 1968, when the 10% income-tax surcharge was not withheld from salaries. With a shrinking federal deficit also sucking steam from the economy, Wall Street is looking for a noticeable slowdown in U.S. business growth over the next few months. While that may hurt...
Nationalizing industries or creating more regulatory agencies would not be better in the long run, Kaysen said. Government-instituted controls cannot keep pace with a repidly changing technical economy because the agencies are forced by political restraint to play a "catch-up game" with the market, he explained...
...second half was evenly played, each team scoring once. Lowell shifted to a passing offense in an attempt to play catch-up football, but their aerial attack failed as the Kirkland line put on a consistent pass rush and held on for a 22-6 victory...