Word: lag
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Even more disturbing in Florida were reports that confusion and mismanagement still hampered anti-submarine operations, in two instances causing a one-hour lag between the moment a U-boat was spotted and the time bombers or ships were dispatched to the scene. Meanwhile, there was no letup in the stream of haggard survivors into eastern ports, each with his tale...
Retractable deck guns, eliminating the previous lag between surfacing and unlimbering conning-tower weapons, enable submarines to open fire almost at the split second of surfacing near their prey...
...lag was discernible six months ago. Now it could no longer be ignored. Lines of planes sat squattily outside factory doors, their engines snugged into tarpaulins, waiting for pilots to fly them away. Grey-crowned oldtimers in the flying business were being hired for ferry work. Commercial airline pilots were hustled into the Army's transoceanic service...
...others have a less depressing explanation: that the progress of World War II has been marked by a two-year lag between U.S. and British experience. London hit its market low in the summer of 1940, after the collapse of France. Thereafter its war production drive became singleminded, Throgmorton Street became practically impervious to bad news (including the fall of Singapore), and the market reacted mainly to the compulsion of too much money and too few goods. The U.S. had its Dunkirk at Pearl Harbor, only five months ago, and the same forces are only now beginning to be severely...
...Retailer, therefore, bears the brunt of the whole price-control program. With few exceptions, U.S. retailers were having the horrors last week. Worst blow was that OPA had denied their plea for a "rollback" of ceiling dates that would recognize the lag between rising wholesale and retail prices. Since retail prices in recent months have been rising more sharply than wholesale prices, the lag between them was smaller in March than it had been earlier (when wholesale prices were rising very fast). But retailers maintained that their price level was still some 10% behind their suppliers...