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...Arthur Levitt to supervise the city's finances and set limits on its spending; (2) a new financial deputy to keep a watch on the city's books; and (3) a complex plan to have the state borrow the $2 billion via the Municipal Assistance Corporation (Big Mac), the major banks and other sources...

Author: /time Magazine | Title: CITIES: Fighting the Unthinkable | 9/8/1975 | See Source »

Well things didn't really get hot till we got out to Pegleg Mac's. About an hour and a half from Ketchum, down in the valley on the far side of snow-towered Galena Pass, is Pegleg's spread: some pint-sized log cabins, a twin-holer outhouse, a good bit of fence, and the hot springs. We hadn't come to admire the fence...

Author: By Edmond P.V. Horsey, | Title: Elsewhere in the Summer, at Pegleg Mac's | 8/12/1975 | See Source »

...blast me when, stepping onto his porch, his door popped open a crack and he stood naked in the glow, his hands hidden as I told him we'd be on his property a while longer, if it suited him. Briggs and I hadn't come to Pegleg Mac's to cruise his rutted road, the night's sweat dripping off the Delac as she heaved in the ruts, looking for a girl out wandering in stars she said were "fucking intense," feeling all cold and wooden inside. Coming out to Pegleg Mac's, we hadn't counted on poking...

Author: By Edmond P.V. Horsey, | Title: Elsewhere in the Summer, at Pegleg Mac's | 8/12/1975 | See Source »

Three days later old Daniel and Gay were back together for another month. Bridget and Jenny were staying over and Briggs and I were out hustling. We were all shouting across the fiber-board, and though nobody talked about Pegleg Mac's, we found plenty other low brow chit-chat...

Author: By Edmond P.V. Horsey, | Title: Elsewhere in the Summer, at Pegleg Mac's | 8/12/1975 | See Source »

...Yorkers, at least, seemed to take heart. New York Governor Hugh Carey, who had put pressure on Big Mac to take a tough stand with the city, called the mayor's program "an act of courage." Senate Majority Leader Warren Anderson, a Republican who had led the fight to prevent additional state aid to the city, said that Beame "has made a 180-degree turn, which is exactly what had to be done." But it would have been better if Beame had made his turnabout earlier. In the time-honored fashion of New York politicians...

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

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