Word: gap
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...dour estimate of U.S. strength from its first witness. In four hours of testimony, shaggy-browed, often emotional Dr. Edward Teller (TIME, Nov. 18) ran off a grim morning line on U.S. chances in the race for survival. The University of California physicist estimated that Russia is closing the gap in nuclear weapons, is about equal to the U.S. in aircraft and radar development, is ahead in ballistic missiles. Said Teller: "I would not say that the Russians caught up with us because they stole our secrets. They caught up with us because they worked harder. A Russian boy thinks...
...imported steel and equipment needed to complete even the hard core of the plan, India must have still another $500 million to $600 million in foreign aid within the next 18 months. Nehru makes no secret of the fact that he is looking to the U.S. to fill this gap...
...sharpest week-to-week drop in three years-and were 12.6% under the same week of 1956. The overall picture was not quite so dark as the week-to-week statistics made it appear. Carloadings have been dropping from the 1956 level for most of this year, but the gap between loadings in 1957 and 1956 has remained steady. For the first six months, loadings were down 5.7%, and for the 4½ months since, the decrease is no greater. Railmen hope the year ends off only about...
...unguaranteed mortgages. This has made it harder for many would-be buyers who were not top credit risks to get mortgages. Milwaukee Real Estate Lawyer Max H. Karl, 47, and Real Estateman S. W. Kallas, who founded Mortgage Guaranty last April, thought that a private firm could fill the gap. Friends, relatives and clients put up $250,000, and Karl sold $500,000 in stock. Mortgage Guaranty soon signed up to guarantee mortgages for 30 savings and loan associations in the Milwaukee area...
...strain. Originally, planemakers estimated that they might be forced to borrow between $1.5 billion and $2 billion to keep going without full progress payments on contracts. Fortnight ago, after a calmer calculation, the spread was down to $800 million. Now with an additional $300 million available, the gap is only $500 million all told. Of this amount, the industry will probably have to borrow $300 million, while the Air Force hopes to find enough loose change in its various financial pigeonholes to take care of the remaining $200 million...