Word: chronic
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...bankruptcy in 1935 and was still heavy with Depression-incurred debt when it emerged in 1947. At the throttle then was ironhanded Frederic C. Dumaine. who had a simple method of cutting costs: he sacked the bulk of top-salaried employees -which left the New Haven with a chronic shortage of competent executives. In 1954, after a debilitating proxy war, rambunctious Patrick B. McGinnis came in as president; he spent millions to develop futuristic trains and passed out lavish dividends on New Haven preferred stock. When McGinnis departed for the Boston & Maine, he left to his successor and onetime ally...
...chronic afflictions of the U.S. economy is the limp state of the nation's textile industry. U.S. textile production is growing at only one-third the rate of manufacturing output as a whole; since 1948, textile companies have closed down more than 800 mills employing 250,000 people. Many of the industry's ills stem from obsolete equipment and the loss of markets to plastics, paper and synthetic fibers, but most textile makers choose to blame their troubles primarily on foreign competition and to clamor for protective quotas. Two months ago, when President Kennedy unveiled a vaguely worded...
...little more waspishly, Walker took up the chronic British complaint that British collectors and museums do not have the cash to compete with the U.S. "If money is so scarce," said Walker, "why do you buy in Switzerland a picture like the Lanskeronski St. George and the Dragon, whose only connection with English culture, so far as I can make out, is that St. George is the patron saint of England? We were anxious to purchase this picture ourselves, but it was too expensive for us. It is an indication of the immense riches you can draw upon when...
Binx Boiling is just short of 30, of good family, a veteran of the Korean War and a securities salesman with a nice knack for calling the turns in his trade. His surface trouble is that life seems like a chronic sickness, his fear is of defeat by "everydayness." Life around him seems fat. genial, kindly-and stupid. "Men are dead, dead, dead; and the malaise has settled like a fallout and what people really fear is not that the bomb will fall but that the bomb will not fall . . ." Comfortable, well-heeled Binx habitually sleeps with his secretaries...
...anything. They point with horror to the murky record of recent years where the personal political career of the Council President has sometimes found a convenient stepping stone in the Council. In the opinion of Leed and Zagat, a decrease in the importance of the Presidency would alleviate this chronic trouble; inter-House Council enthusiasts insist that only a cut-back in Council influence and power can do it. Evaluating the Dunster withdrawal, Leed has remarked that Bailey's rebellion is "something like a populist movement at Harvard." If that is so, Leed and Zagat resemble New Dealers...