Word: chronic
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...weeks ("But he wouldn't miss the Democratic Convention," said an aide, "if he had to crawl"); Oldtime Cine-comedian Stan Laurel, 74, at Los Angeles' Valley Doctors Hospital, where he has been receiving hundreds of letters from his ever-faithful fans while undergoing treatment for chronic diabetes...
GOVERNMENT SPENDING. Charging that Democrats have "burdened this nation with four unbalanced budgets in a row," the platform promises "a reduction of not less than $5 billion in the present level of spending" and "an end to chronic deficit financing." The 1960 Republican platform, in contrast, made no promise of a spending cut, even acknowledged the desirability of deficit spending in time of "economic adversity...
...current dispute shed no clear light on the causes of Detroit's perennial newspaper strife; in the classic labor-management confrontation, the two unions simply demanded more money than the publishers wanted to pay. But behind the public issues lay grievances so deep, and by now so chronic, as to defy ready cure...
...Chronic Lack. Before the current economic expansion began 41 months ago, small businesses-those firms with fewer than 250 employees-did more than half the business in the U.S. In the advance, however, the 4,600,000 firms that make up the small business community have accounted for little more than 40% of the $100 billion gain in gross national product and no more than 25% of the $130 billion spent on business expansion. The profits of small retailers and manufacturers are growing at less than half the pace of their big brothers; the number of small manufacturing firms...
Both the National Small Business Association and the Small Business Administration insist that small business is doing well, and there is no doubt that it has profited by the expansion. But small business suffers from a chronic lack of cash and management skill-and those shortages hurt far more in these days of computers and tougher competition. Defense spending cutbacks have hit hard at small subcontractors; in the year ended last March, 118 electronics firms from Long Island to Los Angeles were forced to merge or liquidate because of the cutbacks. Small business also finds it harder to cut costs...