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...experiencing the great religious renaissance in American history. However, there seems to be little evidence of increased personal morality . .. To become a church member in America is easy, too easy! ... It must be remembered, though, that in the Wesleyan Revival of the 18th century there was a time lag of nearly a quarter of a century between the preaching . . . and the impact on the social life of Britain...

Author: /time Magazine | Title: Religion: The Unreal Revival | 11/26/1956 | See Source »

...Consumer Lag. Whatever the progress in the East, the consumer was slow to benefit. In Eastern countries goods are still short, and the average worker must spend all or most of his wages just to feed himself, his wife and two children. ECE calculated that a monthly breadbasket, including just 4 Ibs. of meat. 3.3 Ibs. of butter and lard and 9 eggs per person, would cost 110% of the average worker's income in Rumania, 105% in Bulgaria, 95% in Poland, 93% in Hungary, 88% in the U.S.S.R., 77% in Czechoslovakia, 72% in East Germany. Concluded...

Author: /time Magazine | Title: BUSINESS ABROAD: East v. West | 9/24/1956 | See Source »

...later became a Paris-London speed-record holder (1947) and chief test pilot of Gloster Aircraft for seven postwar years. In the past two years, as aviation correspondent for London's Daily Express, Waterton has seldom concealed his conviction that British planemakers have allowed their aircraft to lag farther behind U.S. and Russian planes...

Author: /time Magazine | Title: AVIATION: The Bumbling Boffins | 8/13/1956 | See Source »

...NATIONAL AFFAIRS), should still total 54 million tons, making 117 million tons, the same as last year's peak. Construction, spurred by the great expansion in commercial building, was going along at a $44.5 billion-per-year clip, ahead of the 1955 record by $1.5 billion despite the lag in housing starts. New plant and equipment investment was running 22% in front of 1955. The electronics industry was heading for a $6.8 billion year, 8% ahead of 1955; factory sales of television sets probably will mount to $1 billion...

Author: /time Magazine | Title: STATE OF BUSINESS: Midyear Appraisal | 7/9/1956 | See Source »

...whether research will pay off? Says one executive: "You're always on a tightrope. Either you spend too little for research and your product is years out of date, or you spend too much and it's years from production." To cut the average ten-year time lag from test tube to cash register, most companies rigorously analyze even the most promising leads in terms of cost, marketability, timeliness and practicality, reappraise the potential new product at every stage of development. At Bell Labs, systems engineers spend years checking research developments against rival theories and the existing mechanisms...

Author: /time Magazine | Title: Business: $5 Billion Investment in Abundance | 7/9/1956 | See Source »

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