Word: offsets
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Dates: during 1940-1949
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Hoping to offset their defeat at the hands of the Princeton Tigers last Saturday, the Varsity booters will take on an underdog M.I.T. eleven on the soccer field behind the Business School at the new time of 3:30 instead of 4 o'clock as originally scheduled...
Well illustrating the proverb that "a team which won't be beaten can't be beaten," Harvard's football team broke into the win column last Saturday with a stunning victory that jarred 25,000 spectators to their feet and far offset the four previous defeats suffered by the Crimson this season. More than that, the 19 to 14 triumph was a tribute to the spirit of the team and to the coaching skill of Dick Harlow...
...changes were: 1) The period in which capital gains are treated as 100% income and taxable at full income-tax rates will be shortened from 18 to six months (after which they will remain 50% taxable). 2) Capital losses in one year can be used to offset capital gains over a five-year period. 3) Capital losses may be deducted to the full amount of gains, plus $1,000. These simple changes should help thaw out the artificially frozen capital markets...
...shortage is based on a possibility, a probability and a fact. The possibility is that Hitler may take the Iraq-Caucasian-Iranian oilfields, leaving the United Nations totally dependent on the Western Hemisphere for oil. The probability is that gasoline and fuel oil rationing will be more than offset by a huge rise in military oil consumption-as new armadas of U.S. planes take to the sky, as new armies of U.S. tanks take to the field, as the second-ocean Navy and the seven-seas merchant marine take to the water. The fact is that U.S. oilfields are being...
...alias during an extramarital holiday in a fashionable Southern hotel, greatly excites an inquisitive sociologist with a detecting bee and a great number of odd "contacts" in quite unscholarly circles. A profusion of red herrings delays the action slightly, but the learned sleuth's highly individual methods offset minor defects...