Word: offsets
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Dates: during 1970-1979
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This income has helped Iran partly offset a de facto trade embargo imposed by U.S. longshoremen, who have refused to load cargoes on ships headed for Iran. U.S. exports to Iran in 1978 totaled about $3.7 billion a year and included 25% of Iran's food imports and most of the replacement parts for its weapons and capital machinery. Administration officials maintain that the freeze has furthermore deprived Iran of basic imports such as cooking oils, tires and even valves for Tehran's water supply system. Insisted one Administration spokesman: "The way we see it, the Iranians should...
Such examples of institutional strength help offset the Justices' idiosyncrasies. "You sure can get the impression from the book that the court is an institution that works," says Co-Author Woodward. "There is strong evidence both ways. But we made a scrupulous effort to be non-judgmental." Indeed, the authors use a "just-the-facts-Ma'am" style; though the facts are not attributed, they novelistically include the Justices' innermost thoughts. In the book's final pages, Justice Stevens ponders his first year (1976) on the court. He finds himself "accustomed to watching his colleagues make...
Rosovsky said tuition "will have to go up" to offset increasing expenditures, but added that "our capacity and desire to raise tuition is limited...
Chase responded that the Iranian statement was not correct. It and the six other U.S. banks in the syndicate voted, over the protest of the four non-U.S. banks involved, to declare the default. The U.S. banks could use the Iranian assets frozen a week earlier to offset their own $300 million share of the loan, but the non-U.S. banks (two Swiss, one British and one Canadian) had no such recourse. Their only options were either to activate a so-called cross default clause and foreclose on the Iranian government in court for the remaining $200 million...
Along a large crack, corresponding layers of rock were offset vertically-in some places by as much as 1,000 meters (3,300 ft.). In other words, a break had occurred and some of the rock sank. Apparently, at some time in the remote past, the rock had been uplifted-perhaps by volcanism...