Word: lags
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Christian A. Herter, Jr. '41 last night blamed the "lack of foresight" in the Truman administration for America's current lag in missile development...
...Eisenhower will take a more realistic and explicit stand and if the people will make the sacrifices such a stand demands, there need be no more lag in our technology or our teaching...
MOSCOW, Nov. 6--Nikita Khrushchev and Mao Tse--tung made a double-barreled attack today on the United States, gibing at its lag on launching Sputniks and accusing it of plotting trouble all over the world. Khrushchev and Mao spoke here in ceremonies marking the 40th anniversary of the Bolshevik Revolution...
...shoe sales are rising only 4%. Explained one village bicycle salesman: "The villagers are getting lazy. They don't want to walk any more; they want bicycles." While modern communications have whetted consumer appetites in Pakistan as in Peoria, the danger is that nations whose production continues to lag far behind their hopes of material progress will resort to political extremes that will plunge them deeper into want...
...many countries, such as the U.S. and France, the growing practice of tying wage rates to the cost of living, either by government decree or union-employer contract, gives speed and added momentum to the wage-price spiral. Formerly there was a time lag before wages adjusted to prices, during which time the price rise might be reversed, making a wage rise unnecessary. Today the process is automatic. One country questioning the practice is Finland. There escalator wages are considered a major cause of the inflation that is so severe that the Finmark had to be devalued on Sept...