Word: slowdown
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...least temporarily cooled, if not finally resolved. On the brink of default, New York City, with some help from the state and major banks, found a device to cover $792 million in short-term notes that were due. And thousands of city and state doctors ended a nine-day slowdown protesting the runaway cost of malpractice insurance...
...establishment of panels of medical experts to advise juries in malpractice cases. The legislature provided none of these, though it did three weeks ago set up a pool of insurance companies to continue to provide malpractice coverage in New York. Dissatisfied with the new law, the doctors called a slowdown, refusing to handle any but emergency cases...
Governor Carey offered a partial concession. He named a nine-member commission to re-examine the malpractice issue and propose further changes in the law if it thought they were needed. After a heated night's debate, the Crisis Committee (a group of doctors leading the slowdown) voted to accept the proposal, and the doctors returned to work. Said a member of the Crisis Committee: "Despite the fact that we were extremely unhappy with the intransigence of the Governor, we felt that nothing further should be done to the disadvantage of the patients. How can you say no after...
...York action could be even more costly. Some of the hardest-hit hospitals have already begun laying off employees. Dr. John Connorton, president of the Greater New York Hospital Association, said that 25 voluntary hospitals, half of them in New York City, would go bankrupt if the slowdown lasted through this week...
...doubling of fuel costs and a slowdown in power demand caused by energy conservation and recession hit the industry with a jolting one-two punch. Demand for electric power, which normally increases 7% annually, showed no growth at all last year. Fuel costs for many utilities rose faster than state regulatory agencies would let the power companies boost their rates. New issues of stock in utility companies became almost impossible to sell after New York's Consolidated Edison omitted its 45?-per-share dividend for the second quarter of 1974. To raise the capital that it constantly needs...