New York forms $3 billion aid agency to refinance debt
The New York Legislature approved a Municipal Assistance Corp with a $3 billion borrowing cap to backstop city debts, aiming to avert a default on $792 million due this Wednesday. The plan trades sales and stock transfer taxes for the line of credit and requires sweeping fiscal reforms within 90 days and a multi-year path to balance the budget.
MENTIONED IN THIS ARTICLE
Albany
N.Y
UPI
New York City
State Capitol
Municipal Assistance Corp
Smiley
Regional regional primary gains initial Maine House approval
The Maine House voted to advance a bill creating a regional presidential primary. Rep. Leighton Cooney supported moving ahead citing economic benefits from candidates. Rep. Louis Jalbert urged elimination, but his motion failed. Rep. Anne Boudreau backed passage with amendments aligning with other states. Other New England states weigh similar plans after a Boston meeting. New Hampshire has set its primary to precede all others by one week.
MENTIONED IN THIS ARTICLE
Augusta
Maine
UPI
Maine House
Leighton Cooney
Dsabbatus
New Hampshire
Louis Jalbert
Anne Boudreau
Portland
New England
Governors Lose Cohesion At National Conference
In New Orleans, state governors at the 67th national conference struggle to project unity and leadership as they open their first full session, mirroring a comic notion that they do not get respect from national leaders. The gathering shows signs of discord and inability to present a united front.
MENTIONED IN THIS ARTICLE
New Orleans
UPI
Debate on N H race may be on TV
Washington A Congress debate on New Hampshire's disputed Senate seat may be televised as Republicans demand unlimited discussion, while Democrats push for restricted debate. Senate leaders seek networks to plan coverage, with Mansfield saying the Senate will control timing and manner.
MENTIONED IN THIS ARTICLE
N.H
Washington
UPI
Senate
New Hampshire
Democratic
Prime rate lowered across major banks
United Press International reports banks trim prime rates from 7 percent to 6 or 7 percent after First National City Bank reduced its rate to 6 percent. Citibank follows with 6 percent, the nation's lowest in over two years, with Bank of America and others in New York Chicago Detroit and San Francisco moving to 7 percent.
MENTIONED IN THIS ARTICLE
United Press International
Federal Reserve
First National City Bank of New York
Citibank
U.S
Bank of America of
San Francisco
New York
Chicago
Los Anes Eee
Detroit
Doctors suspend job action in New York protests
Doctors in Brooklyn Queens and Long Island suspend a June 1 slowdown protesting rising malpractice rates and weak state reforms. A nine member panel led by Columbia University president William McGill will study the issue and may shape changes before next year's legislative session. If reforms are not recommended or enacted the doctors warn of renewed action.
MENTIONED IN THIS ARTICLE
Garden City
N.Y
UPI
Hugh Carey
Burton White
Nassau County Medical Society
Carey
Columbia University
William McGill
White
Brooklyn
Queens
Long Island
SLA members face life term after murder conviction
Joseph Remiro and Russell Little of the Symbionese Liberation Army were convicted of Marcus Foster's cyanide-bullet murder and the attempted murder of Foster's assistant, with sentencing set for June 27. They face life in prison, parole possible after seven years, and remain charged with related counts.
MENTIONED IN THIS ARTICLE
Sacramento
Calif
UPI
Joseph Remiro
Russell Little
Little
Foster
Robert W. Blackburn
Superior Court
Elvin Sheehy
SLA
Patricia Hearst
Mattress fire at Seminole jail kills 10 inmates in Sanford
A mattress blaze at the 15 year old Seminole County Jail in Sanford, Florida, killed ten inmates and a guard, with 39 others hospitalized. The fire started when a prisoner ignited a mattress in a hospital cell on the second floor, quickly spreading through stored mattresses as rescue efforts faced thick smoke and limited protection.
MENTIONED IN THIS ARTICLE
Sanford, Fla
UPI
Seninole County
John Fulenweider
Fulenweider
Seminole Brevard
Tims
John Spolski
John Harriett
Harriett
Sanford
Saxe pleads guilty says she is more determined now
Susan E. Saxe a 26 year old Albany New York radical who spent nearly five years on the FBI ten most wanted list pleaded guilty to federal bank robbery charges in a deal that could yield a ten year prison term She told reporters I am not and never will be a collaborator and said plea bargaining would allow her to stay silent and protect any co conspirators The statement released by Bryna Aronson noted the bargaining was based on the plea and the protection it offers
MENTIONED IN THIS ARTICLE
Congress
Wedesday
French Quarter
House
Calvin Rampton
Utah
Washington
Christopher Bond
Missouri
GOP Governors Association
Capitol Hill
Rampton
Goveror
James Longley
Maine
Philadelphia
UPI
Susan E. Saxe
FBI
Ms. Saxe
Albany
Brandeis University
Saxe
National Guard
Newburyport
Mass
Carmen Masuti
U.S. District Court
Alfred Luongo
Massachusetts
Boston
Rail bill deadlock endangers aid to millions and vets
Congress stalls on a $15 billion supplemental bill to fund veterans benefits unemployment Social Security bonuses food stamps and civil service pay increases. House and Senate dispute spending for rail improvements delaying payments to GI bill recipients and as many as 159 000 veterans may miss checks with up to 500 000 by month end. If funds are not provided by Friday food stamps 20 million needy Americans and other federal programs face depletion plus state unemployment Civil Service and veteran pensions run dry by month end.
MENTIONED IN THIS ARTICLE
Washington
UPI
House
Senate
Veterans Administration
Third party in wings could loom in 1976
Conservative Republicans weigh a standby third party apparatus to run a national ticket in 1976. A committee led by Sen. Jesse Helms studies state ballot laws and options including a shadow party should Wallace or Reagan join forces. The plan aims to quickly field a conservative option if needed.
MENTIONED IN THIS ARTICLE
Washington
UPI
Jesse Helms
R-N.c
Committee On Conservative
George Wallace
Alabama
Holt
Helms
Wallace
Reagan
White House
John Ashbrook
Ohio
Philip Crane
Steven Symms
Idaho
Also Mentioned on This Page
Warren Anderson
Assembly
Howard Golden
Donald Smiley
R. H. Macy’s and Co
Mike Mansfield
Rockefeller
Richard Nixon
Wyman
Durkin
Vermont
FDIC
Triple
Grand Union Empire
Crisco Oil
Remiro
Oceola
Boe
Concord
California
William Sprague
James Jenner
Oakland
Alameda County
Blackburn
Ar Fises
Nat Ae
Los Angeles
Clifford
Jefferson
Agriculture Department
Hirsh
Welfare Tment
Mammoth Mart Self Service Discount Department Stores
Mammoth Mart
Bennington
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