Word: prevent
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...basic question was whether the Federal Government would act to prevent default-and if so, how and when. The question involved many factors: the way the rest of the country feels about New York; its reputation as the very symbol of lavish welfare spending; excessive expectations and inept management. Much of the country believes that New York is simply asking hard-working Americans hundreds of miles away to go bail for the city's profligacy. Many New Yorkers in turn believe that much of their trouble has been imposed on them by the country, through welfare legislation and Great Society...
...widely predicted. As recently as last August, Mayor Beame once again raised the city corporate tax, which comes on top of state and federal business levies. Beame even tried to win approval of a tax on beer, though his own administration had worked feverishly last year to prevent two breweries from leaving the city. Writes Ken Auletta, a sometime Democratic Party official who is a vocal critic of New York's government: "The city's unique form of socialism just doesn't work in a general capitalist economy. People who cannot afford it, after all, have a choice: they...
What can be done to prevent new toxic substances from entering the environment? Answer: screen out dangerous chemical compounds before they are used in products or manufacturing processes. Easier said than done. Some 2 million chemical compounds are known, and an estimated 25,000 new ones are developed every year. Of the total, about 10,000 have significant commercial uses, and most of them are not dangerous. Even so, to test those that might cause birth defects, cancer or other diseases would be time consuming and costly...
Only federal intervention can prevent default. It's not a matter of "bailing out" New York, as Ford would have it, but of giving the city time through federal guarantees for city bonds or direct loans. Mismanagement and incompetence have created many of New York's problems, so the city can significantly cut costs without drastically cutting services. But this requires careful planning and time. Default, in contrast, would force sudden and wholesale cuts, applied indiscriminately...
...York Stock Exchange Rule 394, which forces member brokers of the Big Board to do most of their trading only on the exchange floor. The SEC will open hearings on possible abolition or modification of the rule later this month. The agency has long believed 394 tends to prevent brokers from getting the best possible prices for their clients by forcing them to deal for the most part only with other Big Board members. But many Wall Streeters contend that without 394, markets for stocks would become disorderly: more than half the business of the N.Y.S.E. would drift from...