Word: offset
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Dates: during 1970-1979
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...inflation and Dutch elm disease in Chicago? Answer: none now, but there soon could be. Congress and the Ford Administration are sympathetically considering a variety of proposals for a massive increase-up to $6 billion-in federal spending to hire the unemployed for public-service posts and thus help offset the rise in joblessness that is sure to result from a determined campaign against inflation. A relative trickle of federal money already is going to cities and counties, enabling them to hire the unemployed for such jobs as library clerks, garbage collectors, paramedics, even zookeepers. Local officials say they could...
...home builders and buyers and small businesses, less to speculators; a huge Government program to hire the unemployed for public-service jobs; tax cuts of $6 billion to $8 billion to give medium-and low-income families some relief from the ravages that inflation has wrought on their paychecks, offset by the plugging of "loopholes" that favor oil companies and the rich...
Export Outlook. The outlook for farm exports, which the White House had hoped would offset the enormous cost of oil imports, is uncertain. Europeans and other foreigners are expecting satisfactory crops of wheat and feed grains and are less eager than in recent years to buy American farm goods. But further declines in U.S. crop expectations could well start a new rush of foreign buyers seeking to build their reserves as a hedge against future shortages. That might be a boon for the American trade balance, but it would kick the nation's food prices even higher. In addition...
...avoid conflicts of interest and satisfy the Senate Banking Committee, which is expected to approve his appointment, Greenspan will place all stock he owns in his firm in a blind trust over which he will have no control. Thus he faces a big financial sacrifice that will not be offset by his $42,500 salary at CEA. Profits earned by his firm while he is away will be lost to him forever-distributed to employees and charities...
Downstairs at the Fogg, on the first floor, the Print Room is displaying photographs by Boston artist Peter Jones and contemporary lithographs, silk-screens and offset prints--including Claes Oldenburg's satirical "Art and Technology...