Word: payments
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Dates: during 1970-1979
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Once the program of retrenchment was announced, the banks agreed to provide the city with a loan of $250 million to help it avoid defaulting on $741 million in notes that fall due on Aug. 22, the next critical debt payment deadline. To fill the rest of the city's cash needs for August, including payroll and other expenses, Big Mac expects to make a private sale of some $650 million in bonds to a variety of New York institutions: banks, insurance companies, pension funds, corporations. Thus, Big Mac will not have to return to the public market until...
...secret retreat, once civilization as we know it has disintegrated. For a modest membership fee of $12,500 and annual dues of only $300, members are allocated space in a "security building" to store a year's cache of dehydrated food for each individual in the family; the payment also provides for an ample supply of water, access to electricity and even a place to pitch a tent...
...case. For one thing, the paper is the capital's only alternative to the fat, influential and steadfastly liberal Washington Post (circ. 536,000). For another, the Star is in the middle of a remarkable transformation. Allbritton, 50, took over the paper last September with a $5 million payment to descendants of the Adams, Kauffmann and Noyes families that have owned it since 1867, plus a $5 million loan to the paper. He brought in James Bellows, 52, the highly regarded former editor of the old New York Herald Tribune and associate editor of the Los Angeles Times...
Anyone who has faith in the veracity of that anecdote may also wish to make a down payment on Waterloo Bridge. As this grab bag of 484 snippets of British literary gossip demonstrates, when the unvarnished truth is lost a lacquered fabrication will do handsomely. Editor Sutherland, a professor at the University of London, may claim to have weeded out proven forgeries and falsehoods. But he readily admits to choosing (when more than one exists) the stylish version of each story, even though "it may have no apparent authority." And why not? As a class, authors may have no more...
...Iranian Prince Charam Pahlavinia, a member of the imperial family, for services such as helping the company find a good Iranian architect. At the time, Northrop was part of a consortium that received a $200 million contract to build a telecommunications system in Iran. Northrop maintains that the payment was a legitimate business expense...