Word: gap
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...island suffers from overfull employment (jobless rate: 1.4%), spiraling wages and sluggish productivity. To battle inflation and spur exports, Prime Minister Harold Wilson has sought to deflate domestic consumption by raising taxes and restricting credit. In 1965 the pound was thus defended and strengthened, and the trade gap was drastically pruned. Economic growth, however, dropped from 5.4% to 2.3%, and this year's prospect is for 2% or less. Though Britain is producing at full capacity, its long-familiar but urgent challenge is to expand capacity and efficiency much faster in order to pay its way in the world...
...President. This would undoubtedly change the nature of the House in the long run. Members would probably tend to become more closely identified with the program of their party's Presidential candidates and to become more dependent on their success. There would be a slow, gradual tendency for the gap between what James MacGregor Burns has called the Presidential and the Congress branches of the two parties to narrow...
Nenni has mellowed markedly. He renounced the Communists in 1957 (after Hungary), joined a Christian Democratic coalition in 1963, last summer-though still an agnostic-even attended an audience with Pope Paul VI. At last it dawned on Social Democrats and Socialists alike that the gap between them had all but vanished. With Nenni as head of a combined party, the new Socialists would still be far behind the Christian Democrats in voter strength, if the last elections in April
...Arnold Palmer. His tee shots carried 310 yds. or more, and his putting was uncanny: twelve times in 18 holes he got down with one putt. Rattling off seven straight birdies-just one shy of the P.G.A. record-he shot a nine-under 62, opened up a seven-stroke gap on the field. "What's Arnie trying to do-lap the rest of us?" demanded Paul Harney, who had won the tournament the last two years...
...have to ferment all the faster these days, now that the Cleveland Plain Dealer is closing the circulation gap-370,499 for the Plain Dealer to 370,759 for the Press. As a morning paper, the Plain Dealer has a built-in advantage over the afternoon Press with its tougher distribution problems. And on top of that, the Plain Dealer has been picking up spark from Publisher Tom Vail, 39, who is running some stinging and effective exposes and crisp editorials. Vail has hired 33 new editorial staffers in the past year alone...