Word: lags
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...that the lotteries have proved particularly profitable so far. In New York, receipts are running a woeful 75% below estimates. Various reasons for the lag are advanced -not enough outlets, weak promotion, bad odds (1,000,000 to 1 for top prize of $100,000), and the unexciting legality of the whole thing. Some gamblers feel that their pastime has to be more attuned to the raffish ways of Moe the Gyp than to the clean-cut operation of Nelson the Rock. The mystique has to do with smoky back rooms and the smell of the paddocks, with whispered hunches...
Brazil's many and mighty rivers offer a wealth of power-producing capacity, but less than 10% of the country's hydroelectric potential is utilized. Even major cities suffer from a severe kilowatt lag. In Rio de Janeiro, lights often flicker-and sometimes die-and Säo Paulo's massive industrial complexes are perennially pestered by a shortage of juice. Prospects are brighter: a giant project abuilding in south-central Brazil will help illuminate some of the country's dark corners and produce a stream of electricity for its cities...
Riding Ada L. Rice's Advocator in the $83,700 Grey Lag Handicap at New York's Aqueduct race track six weeks ago, he was grounded for 15 days after he veered sharply in the stretch and blocked three other horses. Advocator won by 1¼ lengths, but was disqualified by the stewards-costing Owner Rice $54,405. Two weeks ago, Ycaza earned another 15-day suspension from New Jersey stewards for rough riding aboard William L. McKnight's three-year-old colt, Dr. Fager, in the $119,200 Jersey Derby at Garden State Park. Going into...
Americans are reminded almost daily of the Negro's checkered progress toward equality. Seldom, by contrast, are they apprised of the social and economic lag that afflicts the nation's second largest disadvantaged minority: the 4,677,000 Mexican-Americans of the U.S. Southwest-proud, poor and increasingly protest-minded. From the Rio Grande to the Russian River, in the bleak barrios of East Los Angeles and the tar-paper colonias of the San Joaquin Valley, the Mexican minority is struggling to articulate its anger...
...turnaround. Faced with unmistakable signs of recession, the Administration in the past months has shoveled funds into mort gages and freed money to speed federal construction programs. The Federal Reserve Board, meanwhile, cut the discount rate and has generally moved to make money easier. At the same time, a lag in domestic spending has almost been covered this year by an upswing in defense spending; in the first quarter $3 billion more was spent on military needs than had been anticipated. Altogether, said Ackley, fiscal and monetary policy are now more stimulative than they have been since the Korean...