Word: gap
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...possibility of reducing the enormous gap of perhaps $20,000,000,000 between expected revenues and expected expenditures by cutting unnecessary though popular expenditures was only lightly explored at budget-time and has since been forgotten. Most agencies of the Government had done their best to conceal the existence of such expenditures. This year practically every expense, for whatever purpose, is labeled "for defense." Wrote Newshawk Smith wisely: "Cupidity is the handmaiden of national defense, or vice versa...
Winston Churchill asked the House of Commons these questions fortnight ago, and every Briton has been asking himself similar questions. British replacements would certainly not fill the gap. The most optimistic hope for 1941 is 1.000,000 tons, which after shipyard bombings may be closer to 750,000 tons...
Finances spelled the Transcript's doom. Founded in 1830 to be "read in better homes after dinner," it has prospered on advertisements alone, its aristocratic circulation never approaching that of other Boston papers. But when the depression swept New England in 1929, advertisers withdrew, leaving a disastrous gap in the revenue. Finally in 1939 finances demanded a complete revision of format and policy. The Transcript under new management blossomed forth with the "Newscope," front page pictures, headlines and unfamiliar makeups, without the usual Jay ad in the left-hand corner. But the five cent tariff and fatter editions failed...
...Nazis took Monastir Gap from its few Yugoslav defenders and drove about 25 miles into Greece. In the opening engagements that then occurred the Greeks and British came back at them with fury, and with daring to match daring. In the flat plains between Monastir (Bitolj) and Fiorina, British engaged Germans in the first mechanized encounter since Dunkirk...
...there is another reason for this recent prosperity. Although department-store sales are 75% above their depression lows, inventories have risen less than one-third, and the gap between the two is the widest ever (see chart). Normally, low inventories are a sign of smart merchandising, meaning faster turnover, fresher and more attractive goods. In 1941, low inventories are also a danger signal. If storekeepers keep their shelves so bare in the face of a still soaring demand, they may soon awake to find themselves forced to buy in a priorities-ridden seller's market, bidding prices...