Word: payless
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Dates: during 1970-1979
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With Christmas looming, the shaken school system seemed to be lurching toward a payless payday for 50,000 employees. But at the last moment temporary help came-from Illinois Governor James Thompson and Mayor Byrne. The rescue package calls for $200 million in loans, guaranteed by the city, to give Chicago's board time to come up with a long-term solution to the school system's financial woes-which will almost certainly require tax increases. In effect, Mayor Byrne explained, the school board was in receivership and the city was the credit holder...
Labor leaders, however, are fighting back. The teachers union threatens to sue the city to prevent an increase in workloads, and the policemen want to cancel their agreement for five payless work days. Meanwhile, Beame is also struggling to squeeze more money out of Albany and Washington and is lobbying for the creation of a federal agency to buy municipal bonds at low interest rates. If he is not successful on these fronts, the city will be forced to take other measures. Among the possibilities: increasing various city taxes, raising the subway fare from 350 and charging tuition at city...
...What were "payless paydays...
...Arthur. 21. Hoover. 22. John J. O'Brien. 23. William Randolph Hearst. 24. "It's a lot easier." 25. "Every time an Administration official gives out an optimistic statement about business conditions, the market immediately drops." 26. "Courage." 27. The symbol of the NRA. 28. Payless paydays. 29. "Many people have left their jobs for the more profitable one of selling apples." 30. Nixon. 31. Ford,while meeting with economic advisors at Vail, Colo. 32. Ford, Gas taxes. 33. Inflation. 34. Inflation, recession,and the energy crisis. 35. "Count every penny." 36. Economic summit conference. 37. God. 38. Toil...
Despite his ability to lure outside funding, he has not yet removed the Academy from the financial state of siege under which most cultural institutions live. In one instance in 1971, only a private gift from a board member saved the staff from a payless payday...