Word: staved
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...York City's desperate leaders last week prayed for billions of federal dollars to stave off financial ruin, New York Bureau Chief Laurence Barrett entered his seventh month of directing coverage of his home town's woes. The assignment took him over familiar ground: born and raised in The Bronx, Barrett covered city hall for the now defunct Herald Tribune from...
...York City's diminutive Mayor Abraham Beame marched in and took seats at a small antique table and announced their triumph. After days of negotiation, said Carey, the two had finally worked out a new method to raise the $2 billion that New York City must have to stave off bankruptcy through November...
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 for fiscal 1976. Even so, his reductions may not suffice to encourage investors to buy the $4 billion in notes the city will have to market before the end of the year to meet its pressing short-term debt. "I don't know," mused Investment Banker Felix G. Rohatyn...
...drainage of farm land is a problem, but they say it is a problem they foresaw. Plans to build drainage canals, they say, were sidetracked by the 1967 war with Israel and are only now being revived. More important to agricultural experts is the fact that the dam helped stave off droughts in the exceedingly dry years of 1972 and 1973. "We are forever saved," says William K. Shenouda, Under Secretary of State responsible for the dam, "from the cycle of seven lean years and seven fat years that Joseph encountered in biblical times." A team from the U.S. Environmental...
...beyond their control. The margin left for maintenance is never a large one, but with inflation (especially in heating fuel) and rent control, it may be non-existent. With a housing stock such as Cambridge's, consisting largely of older buildings, maintenance costs are substantial, yet absolutely necessary to stave off deterioration. The Harbridge House report flatly states that rent control is not affecting the amount landlords spend on maintenance. Citing the increased powers of tenants to hold up rent increases by complaints about housing conditions, the report states that housing quality has at least been maintained under rent control...