Word: offsets
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Dates: during 1950-1959
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...largely to farmers fixing up the old home place or repairing the barn), but it has brought a flock of new civic improvements in progress, e.g., three new schools, a $200,000 bowling alley and amusement center. Two years ago Oskaloosa, hungry for an industry payroll to offset the setbacks to farming, almost landed an American Chain & Cable Co. plant, but at the last minute lost out. Putting its finger on the reason, the Iowa Development Commission said: "Poor community attitude." Last week a commission pulse-feeler passed through, asked a workman in overalls what he now thought of Oskaloosa...
...with its windows closed, off a ramp at 40 m.p.h. into 24 ft. of water, nearly panicked when a seat came loose and pinned him for a moment. But he found a layer of air under the roof, waited until the car filled with enough water to offset outside pressure, then opened the door and floated to safety...
U.A.W. SALARY CUTS are on way to offset current $200,000 monthly deficit caused by auto layoffs. Salaries of President Walter Reuther ($22,000) and 24 other executives will be slashed 10% ; some 100 staffers will be laid off. Big worry: U.A.W. now has $24 million in strike fund, far short of $50 million goal set for early June, when auto contracts will have expired...
Until last weekend's Army game, The Crimson batting attack had been rather feeble, with only a 20-run barrage against a flock of nothing-pitchers from Brandeis to offset several other singularly unproductive efforts. But against the highly-regarded Cadets, the varsity hitters showed new signs of life in pounding out 12 safties, good for a 9-5 victory...
...first rule for any growing economy, said President Allen, is a stable overall price structure based on supply and demand. "If prices are free to reflect changes in consumer demand, increases in some items will be offset by decreases in others. Few people seriously doubt that price stability is essential to economic growth. Yet there are those who infer that there is no connection between the two. One does not exist for long without the other. It is like asking whether the mother or the father is preferable in creating a family...