Word: chronical
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Dates: during 1970-1979
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...Danish and Belgian currencies also came under pressure, because Denmark suffers from chronic trade deficits ($128 million in the first nine months of 1975) and Belgium is burdened by an 11% inflation rate. At week's end there was growing concern that one or both might be forced to follow France out of the snake. At the same time, the value of the German mark against other snake currencies threatens to rise above the 4.5% range. There are persistent rumors-denied by German officials-that the nation might once again revalue its currency upward...
...grip of a grave economic crisis," he declared, "an organic disease of the capitalist system aggravated by the protracted militarization of the economy." This was resoundingly seconded by American Communist Party Boss Gus Hall, who described the economic situation in the U.S. as horribly bleak. Kosygin deftly skirted the chronic shortages plaguing the Soviet consumer. He blamed poor weather for last year's disastrous harvest that resulted in a 76-million-ton grain shortage. This forced Moscow to buy 35 million tons from the U.S. and other foreign suppliers. The Premier, of course, made no mention of Moscow...
Faltering Rivals. The ebullient mood of the auto industry in Germany is in sharp contrast to that in its European rivals. Britain is scissored by falling domestic demand and chronic labor troubles, which have brought the auto industry to the brink of bankruptcy. Italian domestic sales in 1975 fell 17.6%, the sharpest drop in 30 years; but recovery has started, with January 33% above the same month last year. Though not so precipitous, the 3% French decline in 1975 output was bad enough. One industry spokesman views prospects for 1976 with "guarded optimism...
...make-an-omelette-without-breaking-eggs dia tribe against social planners, academics in public life and environmentalists. Among his dicta: "Adjustments that take the reward structure too far out of line with contributions produce economic decay . . . An entirely disproportionate share of medical attention goes to the chronic, hopeless ills of the aged at the expense of children and young adults, whose needs would be a much wiser investment of the resources . . . In the real world, limited resources impose choices; in the world of government, everyone can play Let's Pretend...
Thomas Urquhart, managing director of the improvisational theater group, said yesterday that the Proposition faces the same chronic financial difficulties that "plague most performing arts organizations--increasing costs and declining public support...