Word: offset
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...foils lost only three matches on the day and none of the three wins were close in any of the divisions, save two 5-4 acares for the sabre and epee squads against B.U. The close matches against B.U. were offset by the foils' 9-0 drubbing of the Terriers...
...issue was a ruse whereby Leeson reconciled his year-end accounts in 1994. Both the London and Singapore reports agree that Leeson fabricated a $79 million credit from Spear, Leeds & Kellogg, a New York City-based securities trader, to offset his losses. When Barings' external auditors questioned the entry, Leeson forged faxes from Spear, Leeds & Kellogg, Citibank and one of his superiors in London to show that the money had indeed been paid to Barings. The auditors accepted Leeson's explanation although they failed to notice the words "from Nick and Lisa" printed...
...Pieper says such measures don't even begin to offset the revenue loss that would occur with the proposed cuts...
...officers, in a form of self-imposed wrist slaps, will take pay cuts of up to 30% for six months and will forgo their annual bonuses. The bank itself sold $336 million worth of real estate in Tokyo, Osaka, Hiroshima and other cities last week to help offset the losses. The situation at Daiwa could hinder Japan's attempts to clean up its banking mess...
These are all worst-case scenarios, and the report's authors acknowledge that plenty of uncertainties remain in their analysis. For example, as the world warms up, it should get cloudier; depending on what sort of clouds predominate, their shadows could offset the warming effect. And nobody knows how the deep ocean currents--which play a major but still murky role in world climate, channeling heat from one part of the globe to another--would respond to global warming...