Word: offsets
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Dates: during 1970-1979
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Many African leaders had been irritated that their wholehearted support of the Arab cause against Israel gained them little in either preferential oil prices or cash aid. Earlier, Arab diplomats had flatly dismissed a proposal by Tanzania for $2 billion in Arab aid for black Africa to offset the rising price of Middle East oil. (Only Nigeria and Gabon are major oil producers, and most of their crude is sold to the U.S. and Europe for much-needed hard currency...
Once the reserve fund is high enough to pay for any potential malpractice suits, the money will be used to offset increases in medical costs, Botts added...
...Massachusetts Restaurant Association, which is also supporting the 3 per cent reduction, said that the passage of the bill would encourage more persons to dine out and the increased restaurant revenue would offset the lower tax rate...
...team's fortunes plummeted as the carnival went on. The only positive aspect of the giant slalom on Saturday was the absence of a fall by a Harvard skier, but this plus was more than offset by the minus that the top finish was a 41st by Phil Duff. "It was quite demoralizing," Hubbard said...
Prodded by a desire to placate critics and offset the depressing effect of this winter's deep freeze, the Carter Administration last week unveiled a bigger-than-expected package of stimulus to spur the nation's economic growth. The program presented to Congress calls for pumping $31.2 billion into the economy over the next 20 months through a combination of tax cuts, including a one-shot $50 tax rebate for almost every American, and increased Government spending to reduce unemployment. The plan, which was estimated to cost $23 billion to $30 billion when it was first announced earlier...