Word: chronic
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Melting Surplus. Only seven weeks ago, Treasury Secretary Henry Fowler insisted that the U.S. would end the chronic deficit this year, give or take $250 million. The new forecast, which came from Commerce Department experts despite official denials of its existence, seemed to erase Fowler's promise...
...chief weakness lies in the nationalized 53% of Austrian industry: steel, aluminum, oil, chemicals, leather, paper and lumber, plus the deficit-burdened state railway. Hobbled by price control, high taxes to finance lavish welfare programs and a chronic lack of capital, both nationalized and private industry have been loath to expand into new product lines or even to modernize plants rebuilt after World War II with $1 billion of Marshall Plan aid. On top of that, much of private industry is fragmented into pint-sized firms-25% employ no more than 20 persons. Predictably, they turn out goods in small...
...more chronic concern for Humphrey was just what his role in the Administration would be. Johnson gave his Vice President more responsibilities than he himself was given by Kennedy: chairmanship of the Cabinet task force on youth, honorary chairmanship of the advisory council to the Office of Economic Opportunity, responsibility for coordinating civil rights affairs. In addition, Humphrey inherited the chairmanship of the Space and Peace Corps councils and membership on the National Security Council. "If Hubert had to take over the Government to night," says a White House hand, "there would not be one slip because of lack...
...fine is aimed at chronic violators who ignore recall polices and pay only 10 cents a day for each overdue book. It will apply to students and teaching follows. Professors, including assistance professors, are exempt from the fine...
...specialist in an activity in which a particular House is uniquely strong, it should not make much difference which you are in; and even then, it might be more exciting to be one of the people to develop a new strength in a House. Unless you are a chronic rebel, the chances are very good that, by the end of October, you will be convinced that yours is the best House...