Big Mac plan eyed to rescue New York from debt
Gov. Hugh Carey said a bill to create a Big Mac corporation to absorb New York City's 3 billion short term debt should pass soon. Mayor Beame said negotiations are progressing with a Monday target. Officials warned the city may face default if the bill fails.
MENTIONED IN THIS ARTICLE
New York
Hugh Carey
Big Mac
New York City
Abraham D. Beame
Beame
New York City Seeks Wool Revenue Amid Cash Crisis
City auctions 827 pounds of wool from 100 sheep as part of a bid for cash. Officials plan a Monday bid opening while facing a 792 million note due and possible 37,000 layoffs. Banks offer a bridge loan contingent on Big Mac and state tax restructuring under a new Municipal Assistance Corp. Victor Gotbaum opposes Big Mac.
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Albany
New York
Felix G. Rahatyn
Lazard Freres
Big Mac
Rahatyn
Carey
Municipal Assistance Corp
Beame
Jason
New York City
First National City
Chase Manhattan
Victor Gotbaum
Municipal Labor Committee
Levi discusses crime victim compensation and Presidential powers
U S Attorney General Edward H. Levi on ABC argued for considering victim compensation similar to some states. He said prison earnings could fund victims, while warning a broad war on crime needs attitude change and national will. He rejected presidential authority to order assassinations, noting limits but acknowledging force in Vietnam. He also mentioned West Virginia Grange summer camp events and potential access to raw FBI files with confidentiality safeguards.
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Washington
Edward H. Levi
Levi
ABC
Vietnam
One Tactical Air Strike Near Saigon During Evacuation
U S officials said an American fighter bomber conducted a single tactical air strike against a Vietnamese missile site near Saigon on April 29 during the evacuation. A Los Angeles Times report of heavy raids was rejected as inaccurate by Gen. Brent Scowcraft and other officials.
MENTIONED IN THIS ARTICLE
New York Times Service
Washington — Administration
Saigon
United States
Brent Scowcraft
National Security Council
Los Angeles Times
Hong Kong
Air Strikes Reported Amid Evacuation
During the evacuation two air strikes were reported one near the city and another about 50 miles away with two bombs dropped.
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