Word: offsets
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Dates: during 1990-1999
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Last week, in a bid to raise capital, Equitable Life Assurance Society, the third largest U.S. insurer, announced it will convert to a stock-owned company. The $500 million in additional capital that chairman Richard Jenrette expects to raise through the stock sale will help offset large losses from risky ventures: junk bonds, real estate and high-interest guaranteed- investment contracts. It will also make it easier for the company to diversify...
...with the debate over the Civil Rights Act of 1990. Passed last October by congressional Democrats, with the help of some Republicans, the measure was designed to make it easier for women and minorities to combat job discrimination. The bill's supporters insisted its main effect would be to offset damage done to earlier practices by a series of Supreme Court decisions. Bush said he supported that goal but argued that the bill's specific provisions would pressure employers to adopt quotas as a means of avoiding litigation. His position gained traction even though the bill explicitly said nothing...
...with a better on-time performance and other improvements. Most passengers stuck with the airline. The real crunch may come next month when the peak season ends. "Once holiday price slashing is over, fares will have to increase," Harris said. "But to raise them at the rate necessary to offset the total increase in fuel prices would cripple business travel and all but obliterate pleasure travel." Harris must navigate such turbulence if he expects to fly Continental out of Chapter...
Some blacks and a lot of whites are concerned that all-black schools amount to debilitating racial isolation. Stan Conner, whose grandchild attends Dumas, concedes, "You don't know whites on a personal basis. You grow up more isolated." Sociologist Coleman believes integrated summer camps could help offset the classroom separation. Students themselves are unconcerned. "We're not prejudiced," shrugs eighth-grader Keith Harris, 12. "White kids are welcome here...
...first chapter, "Hijack," sets up the scenario for Saddam's invasion and how the U.S. and Kuwait failed to read his signals correctly. The authors report that last spring, Saddam demanded "$30 million in fresh money" from Arab leaders to offset costs accrued during the recently ended Iran-Iraq war. "Go and tell them in Saudi Arabia and in the Gulf that if they don't give it to me, I will know how to take it," he threatened...