Word: gap
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Wilson arrived in Scarborough in the midst of the worst slump since he led Labor to power in 1964. Despite his efforts, the economy remained stagnant (see BUSINESS). Unemployment, at 555,000, was the worst in 27 years, and the trade gap continued to widen, endangering the stability of sterling. Wilson was under attack from just about every faction in his own party-old-line socialists, because he has resorted to Tory-style restrictions on consumer credit and travel allowances; trade unionists, because he has imposed a freeze on wages; intellectuals, because he seemed only concerned with pragmatics; left-wingers...
...more than in any other major manufacturing country-as the economy's growth rate sagged to a mere 1½% (after discounting for 3.9% price inflation). Though overall growth has picked up a bit since then, industrial production and private investment have not. The country's trade gap, a major source of its pound-threatening balance-of-payments deficit, has actually increased. Last week the Treasury announced more discouraging news about the pound's health: a $2,500,000 drop in reserves of gold and convertible currencies during September to the lowest level in two years...
...more clods of earth fell into the incredibility gap this week when the lad from the Pedernales insisted that American success in Vietnam will "lead to a free Asia--and a more secure America." It is a moot point, of course, whether Asians have more freedom amidst Yankee gunfire or Oriental Communism...
Sert has also worked to make the Design School a national leader in "urban design," a phrase which he belives was coined here. For the past 11 years, Harvard has annually hosted international urban design conferences, "in an attempt," Sert says, "to bridge the gap between city planning and architecture...
...Britain even to consider a new car. For those who preferred the compact and medium-sized auto, it was already producing Anglias, Consuls and Prefects; for bigger-car buyers, it was manufacturing Zephyrs and Zodiacs. The market appeared to be covered. Then, Ford planners spotted a potentially lucrative gap. To fill it, they created the Cortina, a car in the Anglia price range but with roominess comparable to the Consul...