Word: offset
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...Wall St.'s primary argument for keeping a high level of compensation for its best investment bankers and traders is that, if they leave, overall losses at banks could get worse. People can be profit centers. The most successful ones help offset the red ink created by the series of poor decisions that big financial firms made about mortgage-backed paper and commercial credit loans. It is easy to assess the value of the best traders by looking at a bank's books. (See pictures of TIME's Wall Street covers...
...results of bank "stress tests" are about to come out and some firms will be asked to raise capital. One of the banks' key arguments for keeping new investment to a minimum is that they have some divisions that are highly profitable and will contribute to earnings to help offset losses. Once the government takes away the opportunity for those business to be a success by helping to drive the people who run them out the door, it will insure that its investment in financial firms will only grow...
...December, FedEx announced that its senior executives would earn 7.5% to 10% less, while its U.S.-based salaried workers would take a 5% haircut - affecting 36,000 people. "But even these measures," CEO Fred Smith said in a message to employees, "may not be enough to offset the rapidly deteriorating economy that has hit our industry so hard." In early April, the company let go of 1,000 employees...
...less, competitive. And he lays most of the blame for the decimated manufacturing industry on an uneven playing field with China. "The [previous] Administration refused to make China play by the rules," he says. "If China stops the illegal subsidies they're giving their industries and does something to offset the currency manipulation, we're good...
...much of Europe, the answer is simple. In most scenarios, you are responsible for yourself, and many outdoor enthusiasts travel with insurance specifically to offset costs should they need to be rescued. In the U.S., whether you have to pay depends on where exactly you are when you get into trouble. In any of the national parks, the government picks up the tab for your rescue. The National Park Service spends nearly $5 million annually on search and rescue (SAR) missions and that doesn't include the cost of hundreds of thousands of man hours that go into these searches...