Word: offsets
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Dates: during 1980-1989
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...York City, warns that default would set off "an unholy scramble" to grab the few Polish assets in the West. Unlike Iran, which had an estimated $12 billion in gold and bank deposits that was frozen by the U.S. Government in 1979, Poland has relatively little to offset its huge debt. Any effort to attach its ships or jetliners that happen to be in the West would create a nightmarish financial and legal snarl that would take years to untangle...
Most people can understand the problem of declining government assistance. But to those unfamiliar with Harvard's labyrinthine financial structure it is difficult to comprehend why an institution with more than a billion dollars invested in stocks and bonds can't rely more on income from those investments to offset costs...
...people in the program, though, has increased from 17 million to 18.6 million, so each person will be receiving somewhat less. Says Rudolph Penner, a budget expert with the American Enterprise Institute in Washington: "Food stamps grew rather rapidly under Carter, and the Reagan cuts, in essence, just offset some of the very recent growth...
Operating losses for the nation's twelve major carriers may have reached $500 million last year, a record flow of red ink coming after losses of nearly $280 million in 1980. Revenue gains during 1981 were not enough to offset rising costs from increased fuel prices, wages, landing fees, and lost income from the air-traffic controllers' strike and reduced passenger traffic because of the recession...
...final 10% next year. After a brief increase in savings, Evans points out, consumers have usually "adjusted their spending habits gradually upward," and the savings rate drops down to its previous level. Thus the Government probably cannot count on a significant, long-term increase in the savings rate to offset the rising deficit...