Word: gap
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...laughter subsided. Democrat Kennedy moved to close the confidence gap that separates him from the predominantly business community. "The complaint has often been made in business circles that the Federal Government is a silent partner in every corporation -roughly half of all net earnings," he. "But it should be also realized this makes business a not always silent partner of the Federal Government- that our revenues are dependent upon your profit and your success-and that, far from being natural enemies, Government and business are necessary allies." For example, last year's profit drop of $6 to $7 billion...
...Kissinger joins in the urgent warning that the buildup of Russian missile strength calls for a drastic overhaul of U.S. defense policy. While somewhat nervously overstating the imminent peril of the missile gap ( TIME. Feb. 17). Kissinger argues convincingly that U.S. forces, in order to deter, must be able to absorb a first strike and still retaliate with the promise of damage which the Soviets will find unacceptable...
...threat that lay behind the longstanding U.S. strategy of "massive retaliation"-will "lose its credibility and its strategic meaning-particularly against aggressions which are explicitly less than all out. The preposterous aspect of the U.S. military policy is that even in the face of first the missile gap and then the approaching mutual invulnerability, we continue to rely on the threat of all-out war as our primary deterrent.'' With invulnerable ICBMs providing a nuclear standoff, says Kissinger, the only way the U.S. can deter less-than-total aggression is by having strong limited-war forces...
...Wage Behavior in the Postwar Period (Princeton University; $3). His conclusion: "There are no simple panaceas or obvious institutional reforms that will make price stability and full employment perfectly compatible," because throughout U.S. history, wage gains have consistently outpaced output-per-man-hour gains, and the gap has widened in the postwar period...
Grain Trust. A continuation of Seeds of Tomorrow (1935), the novel deals panoramically with the forced collectivization of Russian farmers in the 19305 -a Stalinesque operation that cost 4,000,000 lives. Seimion Davidov, an earnest, gap-toothed sailor from Leningrad, is one of the 25,000 Communist workers sent out to knock the peasants' heads together and get the farms producing for the state...