Word: offsets
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Dates: during 1930-1939
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Taxes. "I do not," said President Roosevelt, "consider it advisable at this time to propose any new or additional taxes." The object of his budget-unbalancing would, in fact, be impaired by new taxes because the inflationary effect of huge government spendings would be offset by the deflationary effect of higher taxes. Nonetheless he made his desire plain: the nuisance taxes which automatically expire next summer must be re-enacted, the 3? rate for non-local first class mail must be continued...
...What could their company do with $60,900,000 cash and $50,976,000 in marketable securities on the last financial statement? It did not take a director to see that 1) in the present cheap money market G. E. could not earn enough on cash and Governments to offset what it has to pay out in fixed dividends on special stock and interest on bonds, and 2) that no new orders for electrical equipment were so large as to call for heavy outlays of the company's cash in the near future. Therefore the directors hiked up their...
...offset that, however, my social popularity has increased as much as if I had learned to play the piano, gotten rid of halitosis, used Lifebuoy, or spoken to the waiter in French...
...interested in viewing the poor "always studious," "always hard up," "drably" dressed students who eke out "drab" lives under the "stern"-pardon me-"the large, stern" shadow of Mary E. Woolley. It is a pitiful case. I never realized what the four years in which cramming for quizzes was offset by weekends in New York and Boston, dances, dates, athletics, horse shows, class entertainments, concerts, lectures, movies, dramatics, pageants, sleigh rides, carnivals (must I continue?) really meant. . . . E. VIRGINIA GRIMES...
...offset the tremendous empty mileage developed by this system, the American Railway Association ruled that each railroad should load idle foreign cars in preference to system cars destined for other tracks. Several railroads have "frozen" per diem agreements providing a fixed penalty period for foreign cars, usually from three to five days. Thus, foreign cars may be held, with a maximum penalty charge of $3 to $5 per car, pending such loading as may be in prospect. Empty hauls are thus substantially reduced...