Word: lag
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...crucial question is whether the lag in productivity is only temporary. There are several indications that the change may endure. The main thrust of the U.S. economy has shifted from producing goods to providing services. Last year work in Government and services together consumed 50% more man-hours of labor than the production of goods. Thanks to improving technology, productivity is still gaining in manufacturing; it has climbed at a 3½% annual rate so far in 1969. Outside of manufacturing, where the best way to raise efficiency is to induce people to perform better, productivity has fallen...
...public is not impressed with that sort of optimism. There is usually a distressing lag between the time an anti-inflationary policy is adopted and the time when prices actually start to level off. Economists figure that it takes six to nine months for tight-money policies to slow down an overly accelerated economy, which is what is happening now. After that, still another three to six months generally pass before price increases start to lade. By this reckoning, the Administration will do well if it manages to reduce today's 6%-a-year price inflation to something approaching...
...draft suspension does little to limit the American war effort. After announcing a cut-back in draft calls for the rest of the year, Administration officials admitted that 1969's call of 290,400 will lag only 5,600 behind last year's. A Washington study group, the National Council to Repeal the Draft suggests that the Administration may have inflated the summer calls to compensate for the fall cut-back...
...sprightly as the daffodil, as delicate as the carnation, as aggressive as the petunia, as ubiquitous as the violet and as stately as the snapdragon." He was one of the last national politicians who dared allow his eyes to mist when he spoke of the "fa-lag" and "coun-tray," and, in a way, the emotion was genuine...
...house matinees during the fifties, and still shows up with welcome regularity on all those Million Dollars Movies. Nevertheless, the book is unbelievably suspenseful. Crichton is a master at keeping the reader one step ahead of his brilliant-but-sometimes-obtuse scientists. It is painful to watch their ignorance lag behind your own understanding; reading this book becomes one of the most cogent arguments for taking an Evelyn Wood course I've ever come across...