Word: redeeming
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...raise some $4 billion by June 30, the end of the fiscal year. Default is almost assured, either in mid-November if the city cannot raise $150 million to help meet payrolls and payoffs of securities due then, or during the week of Dec. 8, when the city must redeem $437.8 million in short-term notes...
...alone is $11 million, not counting the expenses of 120 local branches and affiliates. The cult grows steadily and currently claims 30,000 members, 7,000 of whom live in Moon communities. All believe that a "Lord of the Second Advent" (Moon, though this is not stated publicly) will redeem mankind physically by fathering a perfect family. A blend of Christian terminology, occultism and dualism is taught in Moon's scripture, The Divine Principle...
...drab Room 830 of New York City's Municipal Building, they gathered last week-the affluent and the needy, the young and the old. They had two things in common: all clutched yellow receipts, and all were frightfully worried that New York would not have the money to redeem the maturing city securities that they held. A Long Island couple needed their $5,000 to pay for a child's education. A messenger waited patiently to cash in $15 million in notes held by the Chemical Bank. An elderly married pair anxiously awaited payment of $25,000, half...
...latest crisis-the fourth and worst brush with default since last spring -occurred when city officials had to come up with $477 million to redeem short-term notes, pay sanitation workers and meet other expenses-but had only $34 million in the till. This near disaster was primarily caused by a flaw in the complex $2.3 billion rescue package that the state legislature had put together last month to carry the city into December. To guarantee that the state would have help in bailing out the city, the legislature had constructed a Rube Goldberg financing scheme that offered...
...that Lillian Hellman's credo is, "I cannot and will not cut my conscience to fit this year's fashions." But that does not automatically brand the men who confessed and "named names" as mor al lepers. When Stalin has been your god, how do you redeem your guilt...