Word: lags
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There was another problem that might have even more bearing on international relationships: to anyone willing to accept obvious facts, the U.S.S.R. has far outstripped the U.S. in the reach for space. President Eisenhower has seemed remarkably unconcerned about the U.S. lag, but the fact remains that, as a man who has spent his entire career in meeting heavy responsibilities, it is his plain and pressing responsibility to see to it that the U.S. gets humping in its space programs...
...years later the U.S. is still running a poor second in the two-entry space race. And in high-level Washington last week, there still were no detectable signs of urgency about the U.S.'s space lag. The President, his advisers reported, was convinced that the U.S. space effort must be kept "within reason." Vice President Richard Nixon assured a press conference that the nation's space effort was "moving along at a reasonably good pace." Herbert F. York, the Defense Department's director of research and engineering, dismissed the Soviet lead in the space race...
...keeps changing, the job of combining measures of its many parts into a single index cannot be done without having to make major revisions every few years." With increasing use of electronic computers, the FRB hopes to reduce even more the time of assembling such information, thus lessen the lag between the economy's real growth and the stick that measures...
...sharp employment push was also helped by the fact that new plant and equipment expenditures, another area of economic lag during the recovery, are starting to pick up. First-quarter spending was at the rate of only $30.6 billion, but the second-and third-quarter forecast is for a rate of $32.3 billion and $33.4 billion, both well above last year's $30.5 billion...
...soups, Heinz's Ketchup, Gerber and Beech-Nut baby foods, Betty Crocker and Pillsbury cake mixes, Kellogg and Post cereals, General Foods' JellO, and Hellmann's mayonnaise. Explains Pillsbury Co. Vice President James Rankin: "Where much research, refinement and technology are needed, the private brands lag behind. Because we keep up quality and are always sure of enough research on new products and enough advertising to tell the public about them, we have no fear of private labels...