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Lesser Evil. Under Carey's proposal, an Emergency Financial Control Board will be set up to supervise the city finances and try to make outgo match income. The board will consist of Carey, Mayor Abraham Beame, the state and city controllers, and a fifth member appointed by the Governor. Obviously, Carey will take command. The board will stay in existence until the city's accumulated deficit is wiped out, a date that nobody can predict...

Author: /time Magazine | Title: NEW YORK: Last Chance for the Big Apple | 9/15/1975 | See Source »

Councilor Francis H. Duehay '55 said the current economic situation makes any pay increase for public workers unlikely. "The sense of the council is the status quo in terms of money 'outgo' for the city," he said...

Author: By Julia M. Klein, | Title: City Councilors Ask Manager To Reconsider City Pay Cuts | 4/15/1975 | See Source »

...some necessarily fragile assumptions. While Morgan Guaranty's de Vries is convinced that "the problem of the oil deficit will work itself out in the longer term," he warns that the immediate prospect for the consuming countries is still "a very serious financial gap" between income and outgo. Indeed, if Treasury's Simon is right, OPEC'S surplus of $200 billion to $250 billion by 1980 will give it incredible financial -and political-strength...

Author: /time Magazine | Title: Business: Here Comes the New Optimism | 2/17/1975 | See Source »

...programs except in the energy area. To keep outlays from rising even higher, Ford also called for spending cuts of $17 billion this year and next. What emerged as the budget's main feature was the Grand Canyon-scale gap that it would accept between income and outgo. Between Ford's own $16 billion tax cut proposal and the general shrinking in revenues caused by the recession, the projected deficits come to $34.7 billion for this year and an additional $51.9 billion in fiscal 1976-the deepest peacetime flow of red ink in U.S. history...

Author: /time Magazine | Title: The Nation: Ford's Grand Canyon Budget | 2/10/1975 | See Source »

...these are college people, not established actors; they can afford to experiment with their own identities in creating the group. They have no established acting reputations on the line: there's no fear of losing a job. The producer handles income and outgo, without worrying about salaries and cutting expenses and canning people. A great problem in professional theatre is fear; actors are basically terrified of directors and producers all the time...

Author: By Michael B. Wallace, | Title: Theatron: A Novel College Theatre Concept | 2/24/1970 | See Source »

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