Bankers hold up New York bailout plan in 1973 crisis
New York City's bid to avert a fiscal meltdown faces banker and political objections to Gov. Carey’s plan to create the Municipal Assistance Corp to refinance short-term debt. Negotiators warn a delay risks defaults on upcoming obligations totaling hundreds of millions, with a special session possible to authorize broader refinancing.
MENTIONED IN THIS ARTICLE
Greeley
Colo
Tribune
New York
New York City
Abraham D. Beame
Senate
Hugh Carey
The
Municipal Assistance Corp
Beame
Carey
Women Priest Ordination Question Split By Ecclesiastical Court
The Washington DC court split on whether the 11 women ordained in Philadelphia last July have valid orders. The majority avoided ruling on eligibility, focusing instead on a pastor who allowed an ordained woman to preside. dissenters said ordination was authentic and permitted by canons, urging clear support for women priests.
MENTIONED IN THIS ARTICLE
George W. Cornell
Washington, D.C
Llewellyn C. Thomas
Janet McCaa
Philadelphia
William A. Wendt
Washington
William F. Creighton
Alison Cheek
Annadale
Portugal Moves to Nationalize Lisbon Transit System
Lisbon government drafts laws to nationalize subway, bus, and trolley networks and freeze cash assets for those damaging the economy. The plan follows state takeovers of trains, airlines, banks, and insurance, expanding public control of three quarters of the economy. A cabinet communique vows justice and safeguards while protecting national wealth amid the extraordinary measure. The Empire State Building in New York features an unused dirigible docking post.
MENTIONED IN THIS ARTICLE
Lisbon
Portugal
Cabirnet
Medicare Hospital Insurance Deductible Question Answered
The hospital insurance deductible under Medicare is $92 for benefit periods starting after December 31, 1974. The increase keeps the deductible in line with the national average cost of one day's stay in a hospital.
MENTIONED IN THIS ARTICLE
Medicare
Also Mentioned on This Page
Roy Burchills
Valley City
N.D
Ros
Weicker
Tere
Ier
Santa Rosa
Salzman
Shoe Repair and Body Shop
8Th Ave
Highland Aquarium
W. Curtis Draper Jr
Charles 8. Martin
H. Albion Ferrell
Cheek
William Stringfellow
Block Island, R.L
Tion
Empire State Building
Chuck Zieman
D.C. Roger
Sth
50Th Ave
20Th St
Highland Nurseries
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