New York City Default Expected With Large Debt Due
New York City faced 453 million dollars in debts due today and lacked funds to pay. City officials sought help from the White House, Treasury, and Federal Reserve as Mayor Beame worked to stave off default and City Council President O Dwyer warned a miracle was needed.
MENTIONED IN THIS ARTICLE
Tom Hillstrom
New York
UPI
New York City
Paul O’dwyer
White House
Treasury Department
Federal Reserve Board
Abraham Beame
Beame
Bowling scores and city finance crisis headline blend
The report lists high bowling results for Pat Sauer Elaine Clark and several teams with detailed individual scores. It also notes the New York City pension fund trustees refusing to reaffirm a $150 million pledge to a $2.3 billion state plan, signaling potential default and broader fiscal turmoil.
MENTIONED IN THIS ARTICLE
New York State
New York City
Railroad Clerks Strike Shuts Down Pacific Rail Lines
A walkout by the Brotherhood of Railroad Clerks idled Southern Pacific operations across the West. About 5,400 clerks left jobs, affecting 30,000 California Oregon Washington Nevada Arizona New Mexico Utah and Texas employees. Commuter trains between San Francisco and San Jose were sidelined, forcing riders to use buses or cars.
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San Francisco
UPS
Brotherhood of Railroad
Southern Pacific Railway
California
Oregon
Washington
Nevada
Arizona
New Mexico
Utah
Texas
Peninsula
San Jose
New York City Debt Not Idaho Problem
Idaho Senator James McClure told the Senate that Idahoans reject funding New York City's financial mismanagement. He questioned why Idaho should subsidize New York through fuel, welfare, and other federal costs and warned such bailouts may encourage poor fiscal behavior.
MENTIONED IN THIS ARTICLE
New York City
Idaho
Konkolville
UPI
James McClure
United States Senate
McClure
New York
Whooping Crane Migration Expected to Reach Colorado
The whooping crane specialist says all six hatched birds should complete their Idaho to Colorado migration by week’s end. One crane sighted at Monte Vista Refuge, two believed nearby, two en route from Grays Lake Idaho, and one unknown. the birds are part of a fostered migration project to protect the endangered species. The cranes are expected to stay in Colorado until early next month before continuing to Bosque del Apache New Mexico.
MENTIONED IN THIS ARTICLE
Monte Vista, Colo
UPI
U.S. Department of Fish and Wildlife
Idaho
Colorado
Rod Drewein
Monte Vista National Wildife Refuge
San Luis Valley
Grays Lakes National Wildlife Refuge
Drewein
Bosque del
Drewin
United States
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