Word: gaps
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Dates: during 1940-1949
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Production. Much of the pressure on OPA comes from economic factors over which OPA has no control. Political expediency on taxes, wage control and farm prices have already swelled the gap be tween available goods and available income to enormous proportions. For the duration, price control by itself amounts to shadowboxing against inflation...
Curtain Raiser. At the very least, it will take the financial collaboration of the British Commonwealth and the U.S., on terms that can include others, to bridge the gap between immediate relief and long-term investment and to set the stage on which long-term investment can safely tread. This is the object of the tentative proposals of a group of British experts headed by Lord Keynes (TIME, April 5) and of somewhat similar proposals by a U.S. Treasury committee headed by Under Secretary Dr. Harry D. White (TIME, April 19). These proposals are in turn the subject of several...
Tableau. If some way of bridging the gap between relief and investment can be found, and if certain prevalent U.S. attitudes can be modified by a growth of insight, then it is possible that the new age begun by Britain in the 19th Century can be continued and strengthened by the concurrence of the U.S, and others. For the British Navy and extraterritoriality in this economic order it will be necessary to substitute collective military security and, perhaps, an international circuit court of appeals. And for gold, to substitute an international reserve bank. For free trade, a tariff structure exposed...
...others for whom there is no rest. There are secret maneuvers and rehearsals here, just as there are in England and other invasion springboards, and no soldier can forget that the biggest test is yet to come. There is a growing impatience among Americans to 'cross the gap' and get it over with and return home. British Tommies are happy to have avenged Dunkirk, but now they want to see German homes in ruins, as homes in England were when many of them left. The French poilu is impatient to prove that he has a special vengeance...
...banks had been allowed to subscribe only their $5 billion original quota. Most of the over-subscription had come from noninflationary quarters: from business firms, insurance companies, savings institutions. Thus $13½ billion was taken from noninflationary sources, $2½ billion (from individuals) directly out of the yawning inflationary gap...