Word: offsets
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Dates: during 1950-1959
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...Bourguiba's move. Foreign Minister Christian Pineau announced that France had offered to negotiate withdrawal of her forces from Tunisia, but only if Bourguiba ceased his "pressure and provocation." Declared Pineau grandiloquently: "France intends to defend her interests, and the Tunisian government must understand their sacred character." To offset Bourguiba's U.N. appeal, Pineau lodged a countercomplaint with the Security Council, charging, accurately enough, that Tunisia had permitted Algerian rebels to operate from Tunisian soil. Said Pineau: "We are the accusers...
Nuts & Jolts. In the Docking bid were such jolts as a 1? reduction in gasoline taxes (to be offset by a truck ton-mile tax), which pleased the oil companies, the railroads and plain, ordinary car owners; a 5% salary increase for state college and university teachers; slightly bigger corporation taxes, which outraged business but pleased Kansas' growing labor unions. Chuckles old Banker Docking: "This is one of those bankers' Machiavellian ideas. I dreamed up the gas tax-reduction plan all by myself, and later some of my people tried to talk me out of it. I said...
...lowering agricultural price supports. The rest of the budget's civil sector, far from shrinking, actually looms some $600 million bigger than in 1958. The thinning of some welfare programs, e.g., privies on Indian reservations and aid to states for education of retarded children, is more than offset by the fattening of others. Some of these boosts are Sputnik-inspired: a 100% increase for the National Science Foundation, $75 million for a brand-new program of science scholarships and other aid to education. But some welfare increases seem unconnected with the cold war, e.g., $20 million more for "grants...
...that home buyers have an extra $1,000 of annual income if a house had summer cooling. But builders say it takes no more income to maintain a house with combined winter heating and summer cooling than one with a furnace only. The extra operating expense in summer is offset by savings in cleaning, health and equipment upkeep. Henceforth, Mason ordered, anticipated operating expense of summer cooling should not disqualify buyers of houses costing $15,000 or more. In fact, "FHA should start encouraging the inclusion of air conditioning. Within a few years, any house that is not air conditioned...
Friedman rates a big edge over sophomore Serge McKhann, but Captain Bob Foster, at 177, should offset this against Walker Fillius...