Word: offsets
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Dates: during 1950-1959
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Higher prices for clothing, housing and most other major goods and services more than offset the substantial reduction in food prices, reported the bureau. Although the rate of increase was the lowest in ten months, thereby offering hope of a stable index in the months ahead, the September high will trigger a 1?-to-5?-an-hour wage increase for some 1,500,000 workers. It will also cause further strains on inflation-pressed family budgets across the nation; while the price index stood 3.4% higher than a year ago, another Labor Department report showed factory workers' buying power...
What then was the clamorous Battle of the Budget all about? Were Capitol Hill's cuts mere political flimflam? Well, not exactly, said Anderson-Brundage. Congress and the Administration, between them, did in fact cut $2 billion out of the original budget. But the trimmings were more than offset by "a few upward revisions" partly due to inflation, partly due to ballooning programs that only Congress can change. Items: ¶ Bumper crops on the farms bumped up the cost of price supports by $739 million (total outlay for agriculture programs in the revised budget: $5 billion, or more than...
...said, "Although as a team this one is only slightly better than average, I think that in a year or two, it will produce several players of good varsity calibre." Lamar also said that the comparatively small physical size of the whole team, line and backs alike, would be offset by a corresponding degree of mobility and speed...
LOCKHEED AIRCRAFT is climbing into two new fields to offset defense cutbacks. For business flying market, Lockheed has designed and built a ten-seat U.S. jetliner in record time of 30 weeks; plane has two engines and 500-m.p.h. cruising speed. For military customers, company is working toward small nuclear reactor which it hopes will be used as engine for guided missiles...
With interest rates at their highest levels in more than 25 years, the Federal Reserve, whose tight-money policy was designed to offset the very real danger of runaway inflation and its disastrous consequences, is now starting to look around the next bend. Testifying before the Senate Finance Committee last week, Chairman William McChesney Martin Jr., who still emphasizes the perils of inflation, permitted himself a guarded hint that he thinks his policy may have succeeded. Said Martin: "I think savings are increasing rapidly. I am inclined to think we are reaching a leveling-out process, and interest rates...