Word: snew
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Dates: during 1970-1979
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...some secrecy, the city is preparing for what anguished officials call Dday. Since early October, a twelve-member team of bankers, businessmen and city officials has been plotting how New York could operate after a default. TIME'sNew York Bureau Chief Laurence Barrett reports that the committee set six priorities for expenditures. They are, in descending order: 1) police and fire protection and garbage collection, 2) food and shelter for welfare recipients, 3) hospital and emergency medical care for the poor, 4) payment to suppliers of essential goods and services, 5) public schools, and 6) interest on city debt...