Word: offset
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Dates: during 1970-1979
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...Chrysler really loses $400 million this year, it could collect as much as $186 million. That is the amount it might have had to pay on a $400 million profit, assuming the usual 46% corporate tax rate. If Chrysler makes money again, it would not be able to offset those earnings with this year's loss, and the Treasury would start to get its money back from Chrysler's higher taxes. A dispensation from the loss carry-forward provisions stands a fair chance in Congress...
This summer marks the fourth year the school has recruited secondary school students, a move taken to offset a decline in enrollment dating back to the early '70s. Michael Shinagel, director of the Summer School, said he expects over 550 secondary school students to attend the school this summer. By far the largest groups of students come from New York, California, Massachusetts and New Jersey, but the group includes eight students from Iran, as well as students from Japan, Nicaragua, Greece, Italy, Korea, China, Taiwan, France, Venezuela, Canada and other countries...
...making profits. It has already delivered 281, received firm orders for 49, and taken options-which buyers could still cancel-for 50. Last year the Douglas commercial-plane side, which McDonnell had acquired in 1967, lost $60.3 million, mainly because of unrecovered DC-10 costs. This was more than offset by the pretax profit of $281 million earned by other departments, primarily the McDonnell military division, which makes the F-4 Phantom, F-15 Eagle and F-18A Hornet fighters...
...capital formation, when President Carter called for a phasing out of interest rate ceilings. This deregulation would have the additional effect of eliminating the differential between commercial banks and savings institutions. The President also recommended that all federally chartered banks be authorized to offer interest-bearing checking accounts. To offset some of the cost of the higher rates for the savings bankers, who lend out their money at long-term fixed rates, Carter suggested that they should be allowed to 1) make some shorter-term, higher-interest consumer loans and 2) offer home buyers variable-rate mortgages that fluctuate with...
...Portillo, too, sought political advantage from Castro's visit. With elections set for July 1, he wants to appeal to leftists and labor union members, who are clamoring for higher wages to offset Mexico's soaring inflation rate. Among the prominent people he invited to welcome Castro were the heads of four leftist political parties, including the Communists...