Word: lags
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...Wachet auf," was the first I have ever heard taken at a sufficiently fast tempo. With most players, it sounds more like taps than reveille. The only trouble was that the pedal stop had pipes that were rather slow-speaking; at this tempo, therefore, the bass line tended to lag perceptibly behind the upper ones...
Though non-Communist Asia and Europe are still expanding economically, they are doing so far more slowly than a few years ago. Last week the Common Market Commission reported a still further "tendency for expansion to slow down" among the Six. The free world lag, says top Japanese Economist Ryokichi Minobe, "is not so much a slowdown of a recession nature, but a forced adjustment back to more normal, healthy rates." All over the world this forced adjustment shows itself in softer demand and sharper competition, in that old profit-price squeeze and nervous stock markets...
...firm, or even raising them, to attract investment by foreign capital. But the heart of the problem, said Rockefeller, was the general posture of the U.S. economy, in which he saw "a vicious circle of events; namely, a constant rise in costs, a squeeze on profits, and a serious lag in investment." Rockefeller suggested that a thoroughgoing overhaul of the nation's tax system was essential, but he questioned the Government's ability to make its planned tax reforms effective while great increases are occurring in Government spending. Said he: "I would urge upon you a more effective...
...economy. A booming economy would raise confidence in the dollar and spur capital investment and exports, all measures that would help lessen the payments deficit. The sluggish growth of the U.S. economy has been caused largely by a constant rise in costs, a squeeze on profits, and a serious lag in investment. Holding down costs and encouraging investment in more modern and efficient plants would enable U.S. products to compete more favorably abroad. Part of any tax revision program should be a cut in the corporate tax rate from the present 52% to below 50%-a move that would give...
...General Educational program. We have enough definitions of what we want General Education in the sciences to do; we have had almost nothing to say about whether it can be done in the contradictory ways that now mar the internal logic of the program. Harvard can little afford to lag here where she once...