Word: chronics
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Dates: during 1960-1969
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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...
...Maxfield Parrish, 95, Quaker-born dean of U.S. illustrators, whose diaphanous damsels, Homeric heroes, devilish dwarfs and capering clowns enlivened magazine covers (Collier's, Harper's Weekly), made dull books popular, and helped turn Jell-O and Fisk tires into bestsellers by virtue of their ads; of chronic lung disease; in Plainfield, N.H. In 1964, with a retrospective show in Manhattan, Parrish was hailed as a precursor of pop art, and responded by saying: "How can these avant-garde people get anything out of me? I'm so hopelessly commonplace." Probably his most lasting single work, bought...
...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...