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After months of resisting growing pressures and trying to avoid drastic cutbacks, the mayor finally produced a package of economies that he hopes will restore confidence in city bonds and stave off threatened bankruptcy. His cutbacks are estimated to save some $500 million in an expense budget of $12 billion...

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

But all is not lost. Dukakis's budget must be approved by the Legislature. The governor's proposals are now sitting in the House Ways & Means Committee, which will hold hearings on each section of the budget for the rest of this week and probably for several weeks to come...

Author: By Chris Daly, | Title: The Errant Duke | 8/8/1975 | See Source »

Southerners scored a sentimental victory last week when the House, following the Senate, voted to restore full citizenship to General Robert E. Lee, a mere 110 years after he had applied for it. Another old Southern question was not so tranquilly disposed of, namely the question of black citizens'...

Author: /time Magazine | Title: The Nation: General Lee and His Heirs | 8/4/1975 | See Source »

Public Budget. The goals of the White House are to restore public confidence in the functions of the intelligence agency and establish an effective congressional watchdog organization. President Ford, say his top aides, now favors the creation of a special joint committee, drawing members from both the House and Senate...

Author: /time Magazine | Title: The Nation: Efficiency: Low Momentum: Low Morale: Low | 8/4/1975 | See Source »

Among the most interested observers of recent events in Portugal are members of the Spanish Communist Party. Founded in 1921, the party is strongly nationalistic and independent of Moscow, with which it officially split over the invasion of Czechoslovakia in 1968. Although banned by the regime of ailing Dictator Francisco...

Author: /time Magazine | Title: The World: A Spanish Communist Looks Ahead | 7/28/1975 | See Source »

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