Word: offseting
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...home. Many began to grumble about his reform not improving their living conditions fast enough. Complaints arose that his macro-reform was adversely affecting ordinary businessmen and traders. A crackdown on the black market in cigarettes and alcohol left thousands of street vendors without jobs. Growing incomes are offset by rising inflation and these reforms have made many Georgians pay tax and utilities bills in full. The government is also dramatically increasing the defense budget instead of raising pensions. The opposition, represented by nine parties, invoked Saakashvili's increasingly authoritarian style of management...
...same time, auto-parts makers are expected to see profits drop nearly 41%, to about $1 billion in 2007, according to the Conference Board of Canada, a leading economic-research group. Not everyone is equally affected. "You have to be smart to offset the impact of foreign-exchange fluctuations," says Mark Hogan, president of Magna International, based in Aurora, Ont. The $24.2 billion company--a strategic supplier to the world's leading automakers with operations in North America, Europe and Asia--moved more than 300 jobs from Canada to Mexico in the past two years in anticipation of a stronger...
That doesn't mean we are powerless. There are steps we can take now: adopting combined heat-and-power systems; switching from coal to natural gas; embracing renewable and nuclear energy; and favoring more fuel-efficient and hybrid vehicles. In addition, we can reduce and offset up to 20% of our emissions by conserving and restoring the world's forests. Forests not only store twice as much carbon as there is in the atmosphere, but constantly reabsorb it through photosynthesis. Nature's carbon-storage technology is extraordinarily efficient and can mitigate climate change better over the next 50 years than...
...them to benefit is through carbon-trading systems that include offset payments. These are payments made by those who want to reduce their emissions to others whose efforts, like planting trees, will do it for them. These offsets can now be bought and sold in a global market that seeks out the lowest cost and most efficient ways of reducing CO2 in the atmosphere. In the absence of such payments, the poor of the developing world will have no choice but to exhaust the land and become environmental migrants...
...additional science funding, which will come from the Harvard University Science and Engineering Committee (HUSEC)—the body charged with overseeing University-wide science initiatives—will offset a recent downturn in national grant money...