Word: offsets
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Dates: during 1950-1959
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...responsible for inflation, Blough stoutly denied that the $6-a-ton average price increase ordered by U.S. Steel last month (TIME, July 8) was inflationary. As far as U.S. Steel was concerned, said Blough, the increase represented only a 4% rise in selling prices, and was not enough to offset wage and other cost increases amounting to about 6½%. For a family spending $5,000 a year, he said, the rise will bring an increase in the cost of retail products that they buy of "considerably less than 1? a day-or not even enough to buy one cigarette...
Until recently Canada managed to offset her perennial deficit in U.S. trade by selling wheat to the rest of the world, but this market tapered off last year, and Canadians blame U.S. international wheat giveaways and subsidized sales. Unless the problem of U.S. surplus-wheat disposal can be settled without injuring Canada, warns a Canadian official, it could threaten Canadian-U.S. relations even on defense matters. Canada and the U.S. must also work out joint policies for waterpower development of the international rivers of the Pacific Northwest, and Canada must decide whether its own long-term interests permit...
...translation of the play does manage to preserve the flavor of the French original, and the imaginative variety of French provincial costumes by Joy Pranulis help to offset a generally roughshod performance. But despite a few graces, Tufts definitely winds up third on the list of this week's dramatic offerings...
Most economists are well aware that the problem of inflation is far too complex to be laid at the door of any one group. Dozens of factors contribute, such as high Government spending, support prices for farmers and other subsidized groups, and a faster turnover of loan funds to offset the Federal Reserve Bank's tight-money policy. And in a new study, the Bureau of Labor Statistics points out that prices have actually led wages upward during most of the postwar period...
...rooted in the Vatican's conviction that dictatorships and poverty breed Communism. "Experience has taught,'' says a high Vatican spokesman, "that a system of freedom is in the end best for church interests. Any privilege that may be gained through a dictatorship is soon more than offset by hatred against the church...