Money men push Big MAC plan as NYC faces default
In New York City and Albany officials scramble over a $1 billion cash crisis with a state bailout option and a proposed Municipal Assistance Corp named Big MAC to refinance about two thirds of short term debt. The plan would use revenues from sales and stock transfer taxes to back long term bonds while lawmakers clash over new aid and taxing authority.
MENTIONED IN THIS ARTICLE
Abe Beame
Albany
State Senate
Beame
Board of Estimate
Municipal Assistance Corp
Big Mac
Baking bread as economy and palate shared
Mrs. William Fields discusses bread making as both economic and gastronomic on Page 11. The Orange County scene includes Wilfredo Rivera’s murder trial, midway in the prosecution phase after three weeks in court, a long case in Newburgh.
MENTIONED IN THIS ARTICLE
William Fields
Wilfredo Rivera
Newburgh
Orange County
Goodwin again top draft pick by Angels in 1960s
Danny Goodwin of Peoria Illinois was drafted first overall by the California Angels for a second time in the summer selections. John S Burke High School Goshen won the Orange County League pennant defeating Washingtonville 7 to 6 in a comeback with four runs in the last at bat.
MENTIONED IN THIS ARTICLE
Danny Goodwin
Peoria
California Angels
John S. Burke High School
Goshen
Washingtonville
NYC payroll short by forty three million
New York City faces a shortfall of more than 43 million dollars to meet an 89.1 million payroll this Friday, with 132.9 million in payments due that day. Officials worry that 330,000 paychecks may bounce, despite hopes for 170 million in prepayments of real estate taxes blocked by law until Friday.
MENTIONED IN THIS ARTICLE
New York
UPI
New York City
Comptroller’s Office
Abraham Beame
Beame Badillo clash marks NYC budget hearings
Mayor Abe Beame opened hearings on his 1975 76 11.89 billion crisis budget amid boos from Herman Badillo supporters at Police Headquarters. The first of three hearings drew agency heads and community groups as Beame faced sharp protests over planned service cuts.
MENTIONED IN THIS ARTICLE
New York
UPI
Abe Beame
Herman Badillo
Beame
Badillo
Keame
Board of Estimate
City Council Finance Committee
Abandon ship as Amra lists in Kobe after collision
The British freighter Amra lists in Kobe Port Japan after a ram collision with a Norwegian vessel. Crew were rescued and authorities say the ship faces sinking danger as a UPI photo captures the scene.
MENTIONED IN THIS ARTICLE
Amra
Kobe
Japan
UPI
Finland's government resigns amid inflation and deficit
Finland's four party coalition led by Premier Kalevi Sorsa resigned under pressure from 17 percent inflation and a quadrupled trade deficit. President Kekkonen asked for a caretaker government until new elections set for September 21. The move marks Finland's 57th government in 58 years of independence.
MENTIONED IN THIS ARTICLE
Helsinki
UPI
Finland
Kalevi Sorsa
Urho K. Kekkonen
Israel completes Sinai troop withdrawal ahead of schedule
Tel Aviv reports half its troops and most weapons pulled from Sinai frontlines a day early and expects Egypt to permit Israeli cargo to pass through the Suez Canal. The canal is set to reopen to international shipping for the first time since 1967, with Egyptian President Anwar Sadat slated to be aboard the first transit vessel.
MENTIONED IN THIS ARTICLE
Tel Aviv
UPI
Israel
Sinai Desert
Egypt
Suez Canal
Middle East
Anwar Sadat
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Carey
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Felix G. Robatyn
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Lawrence Quinlan
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Burke
Jack Anderson
Faimly Living
Il Porter
Buchwald
Gallup Reston
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Buckley Stocks
Chase Ond Landers
Metro Briefs
Thesteson
Metro News
the Times Herald
Beco Et Vol
Orange County Publications Division
Ottaway Newspapers, Inc
Mulberry St
Middletown
N.Y
Carer
Around the
Stanford
Dar ES Salaam
Tanzania
Sacramento
Calif
Granite, Okla
State Reformatory
John Grider
Granite
McAlester Penitentiary
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