Word: solvently
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...shock therapy," and it was clearly intended to prod the state legislature into coming through with the $641 million in increased aid and taxing authority that Beame seeks. Last week, in a stopgap move, the state advanced the city $200 million in welfare funds; that will keep the city solvent at least through this week while Beame pursues other means of coming up with the $800 million that the city needs to pay its bills through June and thus avoid a financial last hurrah. Beame in his emotional TV appearance called for a congressional investigation of why New York...
...Island have already toppled into temporary bankruptcy and been forced to borrow a total of $299 million from the U.S. Treasury to keep going. The Labor Department reckons that as many as 30 other states may have to follow suit within the next two years. To keep their systems solvent, some states are now raising the tax on employers. That will put a further drag on the economy by draining needed capital away from business, or give an added lift to inflation if companies are able to pass the tax boost on to the customer in the form of higher...
...case of Wheeler of the Wheels is not unique in the W.F.L. With the exception of thriving franchises in Birmingham and Memphis and solvent operations in Hawaii and Chicago, the fledgling league is reeling. Jacksonville, like Detroit, has gone out of business. The New York franchise has moved to Charlotte, N.C., leaving the league without a team in the nation's biggest TV market. The Houston Texans have shifted to Shreveport, La. Attendance at some games is dismal: 750 recently turned out at Philadelphia's 100,000-seat J.F.K. Stadium on a rainy night to see the Bell...
They use a solvent, trichloroethylene, which appears to be harmless in normal use; but Dr. Richard D. Stewart and colleagues at the Medical College of Wisconsin have found that it does not mix with alcohol. After working for about three weeks with TCE, a man who stops at the corner saloon for a few beers or a couple of boilermakers develops vivid red blotches on the face. This degreaser's flush is so unsightly and persistent that men who wish to be rid of it have a hard choice: quit drinking or quit...
...sickly 2? a share. It was believed to be the first time that a major bank had passed a dividend since the Depression. The Federal Reserve Board felt called upon to make two highly unusual announcements: that the Comptroller of the Currency had guaranteed that the bank was "solvent," and that the board stood ready to advance funds to Franklin...