Word: offseting
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...complaints that outsiders are reaping a disproportionate amount of the benefits of Macau's boom. "We locals are losing our jobs and the government couldn't care less," gripes Chan Chi-wan, a 50-year-old construction worker. In many cases, moreover, wage increases are being offset by soaring inflation, currently running at an annual average rate of about 9%. Frustrated Macanese have taken to the streets in protest several times over the past few years. Although citizens have no history of civil disobedience, during a May Day labor march last year, workers scuffled with police, who fired into...
Stanford is betting that the absence of stars will be offset by the sheer curiosity generated by the oversize prize and by new audiences, like Americans and Chinese, who won't miss the stars. And ultimately, he's counting on Twenty20's purest qualities. "People are going to fall in love with this game--you'll see," he says. "In 10 years, this could be the world's biggest sport, bigger than soccer." So he's prone to a little hyperbole. But what's more American than overkill...
...Once they're asked about the changes, food manufacturers are quick to explain their own increasing overhead costs - a Kellogg's spokeswoman said reducing the amount of cereal per box was "to offset rising commodity costs for ingredients and energy used to manufacture and distribute these products" - but most are not exactly going out of their way to let consumers know they're getting less for their money. Some claim newly shrunk products are responses to consumers' needs. Tropicana told the New York Daily News earlier this month that its orange juice containers, which also include a newly designed...
...defense and security challenges have changed. Sarkozy said terrorism was the biggest threat to French security, and he pledged to create a leaner, more mobile and better-equipped army. He called for a doubling of the intelligence budget for new satellites, drones and other surveillance equipment - but plans to offset that by trimming the army, navy and air force from 271,000 troops to 224,000, with the army alone set for a 24% cut in personnel. Some 50 military bases, garrisons and other defense facilities are to be closed in a move that has already touched off protests...
...modest boost to Taiwan's economy. More cross-strait tourism will boost annual GDP growth by .6% to .8%, according to a report on tourism in Taiwan by Goldman Sachs. "The implementation of these policies would support a recovery in sentiments and domestic demands ... and should help Taiwan offset the negative external shock from slower U.S. demand and higher energy prices," wrote Goldman Sachs analyst Enoch Fung...