Word: bonding
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Frustrated with the legislature's inability -- or unwillingness -- to get the job done, citizens have passed ballot initiatives to protect the 1,100- mile coastline, establish a fund to buy habitat for mountain lions, and authorize a bond issue to provide funding for parks and wildlife habitat. But enforcement of these laws has been so ineffectual that some enviros (as they are called in California) have turned to the courts, suing to protect the delta smelt, salmon and other species. More radical groups like Earth First! resort to direct action: blockading logging sites and driving spikes into redwoods so that...
Ferne Milken, Molly Pollard and Sophie Altman are pulling out all the stops to defend their sons -- junk-bond king Michael, convicted spy Jonathan and former U.S. B.C.C.I. counsel Robert. Better watch out for Fannie Gotti...
Lisbeth A. Applebaum, who came to vote with a friend, had another concern. "I want to know what's going to happen with the surplus money that Cambridge has," said Applebaum. The city has a reserve of free cash that it uses to keep its bond rating high and facilitate its cash flow. Some residents have criticized the city manager for not freeing up that money to offset budget cutbacks...
...near-broke. Most municipalities have long depleted their cash resources and are taxing their property owners at the legal limit established by Proposition 2 1/2. Cambridge is one of a handful of cities that remains below its tax levy, retaining $18 million in free cash to keep its bond rating high and its borrowing costs low. While most cities are drastically reducing and cutting programs or are desperately trying to override Proposition 2 1/2, Cambridge has continued to offer, and in some cases improve, its extensive social service...
...anything that might encourage the Republicans to select someone else. Today, as Democrats around the country salivate at the possibility of New York Governor Mario Cuomo heading their 1992 ticket, George Bush's aides cannot contain their glee. "What a simple campaign it would be," says Rich Bond, the Bush adviser who knows Cuomo best. "Roger Ailes already has the TV spots conceived. Pictures of decaying streets; rotting buildings and homeless people everywhere; clips of Mario's well-known testiness and bullying; voiceovers talking about New York's tax burden and the state's bond rating, which is the third...