Word: chronic
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...gubernatorial race? Everything. Until July, Candidate Dumont, 51, a state-tax expert and attorney, and Incumbent Hughes, 56, an affable, undistinguished administrator who is seeking a second four-year term, had almost nothing to argue about. Both agreed that New Jersey's most pressing problem, a chronic shortage of revenue, could be solved only by new taxes. (New Jersey and Nebraska are the only two states in the Union that do not levy statewide taxes on income or retail sales.) Nor did the candidates electrify the populace with pleas for purer water, cleaner air, faster transit facilities...
...chronic drought that is a way of life in the Sahara and the Middle East has now descended on lands as far off as Korea and Bechuanaland. Australia is suffering its worst water shortage in half a century; the normally moist northeastern U.S. is watching its green lawns wither through the end of a dry summer while its reservoir levels drop lower and lower. And even in the areas where water remains abundant, man is fouling it with his untreated sewage and industrial wastes...
Under President Guillermo Leon Valencia's do-nothing, three-year-old government, the cost of living has risen 60%, Colombia's chronic trade deficit has doubled, business confidence has evaporated and unemployment is soaring. Politically, the ruling Liberal-Conservative National Front is splintering, and Congress is all but immobilized. Last week, with new elections only nine months away, Valencia finally decided that something ought to be done. Invoking emergency powers, he named a new Cabinet and decreed a series of reforms to pull the economy back from the brink...
Unfriendly Attack. There is, inevitably, a reverse side to the coin. This vast outflow of dollars?for aid, military assistance, business investment, tourist spending?has for 14 years exceeded the money flowing into the U.S. from its foreign transactions. Result: a chronic deficit in the U.S. balance of payments. What makes the payments deficit so serious is that each deficit dollar is like a check written against the gold supply of the U.S. Treasury, which is pledged to exchange foreign-held dollars for gold upon demand. Largely as a result of its payments deficit, the U.S. has suffered a steady...
Though he looked fit and healthy in his fresh white uniform, gold-topped swagger stick and black Moslem cap, Sukarno had fallen ill twice during August, probably because of his chronic kidney trouble. During his recent trip to Europe, Viennese specialists urged an operation, but Sukarno is said to fear the scalpel, since his horoscope predicts that he will die by steel...