Word: offsets
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Dates: during 1980-1989
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...Graham is the only one on the list who has never had a real boomlet, perhaps because he tried too hard to create one by flogging polls showing he could carry Florida. His record of ordering more executions during his eight-year term than any other sitting Governor could offset Dukakis' soft-on-crime image. He is a master of the political gimmick -- he performed 100 different jobs in 100 days during his 1978 gubernatorial campaign -- with potent Washington connections (he is the brother-in-law of Washington Post Board Chairman Katharine Graham). But with less than two years...
Northrop admits paying $6.25 million to Park, who was known as "Pistol" Park because of his fondness for handguns. But the company contends the payment was a legal part of a so-called offset program, which many U.S. firms use to invest in countries that buy their goods. Northrop, claiming it was defrauded, is suing a group of Koreans allegedly involved with Park in the scandal. "We made the investment in good faith," a spokesman says...
Investigators for the House Energy and Commerce Committee are not so sure. In most offset programs, the company making the investment does so in installments, as funds are needed, rather than in the kind of lump sum that Northrop sent. In addition, the committee wonders why Northrop sent the money to a Hong Kong account instead of directly to Seoul...
...appeal of earmarking has attracted interest even from private developers. In Los Angeles the Occidental Petroleum Corp. has sponsored a ballot initiative to allow it to drill for oil near fashionable Pacific Palisades. The proposal upsets local homeowners, but Occidental has plans to offset their votes: the oil company pledges to pay taxes estimated to exceed $60 million a year for the police, $40 million for city hall and $25 million for the schools. All earmarked, of course...
Warren's fundamental argument, or rather, assumption, is that because contributions to the Senior Gift do not directly offset the use of University endowment interest, even those who disagree with University endowment policy can in good conscience support the Senior Gift. This almost sounds reasonable, until you hold it up next to the following parallel argument: the South African government determines what part of its annual budget will be spent buying police weapons, housing political prisoners, and doing other unsavory deeds, without reference to those tax dollars collected specifically from American companies doing business in South Africa. Therefore, American companies...