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...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 investors have had a chance to study Beame's austerity program and, if all goes well, be encouraged...

Author: /time Magazine | Title: NEW YORK: Some Bites Out of the Big Apple | 8/11/1975 | See Source »

...House secretary; Office Secretaries Loie Gant and Jo Anne Miller; and former Marine Sergeant Carl F. Howell, an assistant to Brennan. Rose Mary Woods, Nixon's longtime personal secretary, remains on Nixon's payroll but has worked mostly in Washington while awaiting retirement on a comfortable federal pension. The Nixons also still have Manolo and Fina Sanchez as personal servants. Manolo, his former White House valet, has taken on a strange chore in the entertainment of male guests. Nixon, who likes off-color stories but hates to tell them, often gives Manolo a sort of cue, like "Manolo...

Author: /time Magazine | Title: SEQUELS: The Man Who Walks the Beach | 8/11/1975 | See Source »

...Full Pension. Announcing his assumption of office, Mohammed was strongly critical of Gowon, charging that under him "the affairs of state became characterized by lack of consultation, indiscipline and even neglect." Mohammed, though, was not vengeful. He said that Gowon would be welcome to return to Nigeria "as soon as conditions are such that his security can be guaranteed." The ousted leader, moreover, would be awarded a "full pension befitting his rank...

Author: /time Magazine | Title: NIGERIA: Exit of a 'Gentle Soldier' | 8/11/1975 | See Source »

...processing to a computer system or switches from one system to another." Other suggestions: "Do not ignore inventories as a possible source of revenue. In many cases, it is easier to convert goods to cash than it is fraudulent checks." Also, "One of the most elegant frauds in the pension area ... involves changing the address of a legitimate beneficiary to that of the embezzler or an accomplice at the time of the beneficiary's death. It is best to select beneficiaries with no life insurance...

Author: /time Magazine | Title: FRAUD: Embezzler's Guide | 8/11/1975 | See Source »

...bishops elsewhere, in the spirit of the Second Vatican Council, were becoming more approachable, Cody seemed to many priests to grow ever more remote and authoritarian. He did, however, accomplish a good deal. He rejuvenated the Catholic Charities program, established a pension fund and medical insurance for priests and lay employees, and created a Priests' Senate to consult with him. But as one of its members complained last week, "What is the purpose of consultation if the cardinal chooses to ignore everything that is recommended...

Author: /time Magazine | Title: Religion: A Cardinal Besieged | 8/11/1975 | See Source »

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