Word: offsets
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Dates: during 2000-2009
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...December, FedEx announced that its senior executives would earn 7.5% to 10% less, while its U.S.-based salaried workers would take a 5% haircut - affecting 36,000 people. "But even these measures," CEO Fred Smith said in a message to employees, "may not be enough to offset the rapidly deteriorating economy that has hit our industry so hard." In early April, the company let go of 1,000 employees...
...much of Europe, the answer is simple. In most scenarios, you are responsible for yourself, and many outdoor enthusiasts travel with insurance specifically to offset costs should they need to be rescued. In the U.S., whether you have to pay depends on where exactly you are when you get into trouble. In any of the national parks, the government picks up the tab for your rescue. The National Park Service spends nearly $5 million annually on search and rescue (SAR) missions and that doesn't include the cost of hundreds of thousands of man hours that go into these searches...
...first piece, choreographed by Elizabeth Weil Bergmann and composed by Jody Diamond, featured the distinctly Indonesian sound of the gamelan. The piece began with the eerie resonance of the gamelan instruments vacillating between two notes. The Indonesian-inspired dance was divided into an opening and four subsequent parts strikingly offset by the change in colors of the background. The combination of the skillfully composed gamelan music and visually appealing dancing influenced by South Asian traditions coalesced beautifully together. Some of the dancing, however, seemed to lack the effortless flow and clear-cut motion that is required of such a piece...
...trade is that it may result in a rise in energy prices as carbon becomes more expensive (indeed, making fossil fuels more costly relative to clean renewable fuels is the point). Advocates argue that new green jobs created by acting on climate change will more than offset the price of cap-and-trade and that, in any case, the long-term cost of delaying on global warming will be far worse. But regulating CO2 would presumably also cause energy prices to rise - and if cap-and-trade proves unpopular in Congress, EPA regulation could end up a political loser...
Comments by JP Morgan got to the heart of the issue of why the latest figure is not a bottom. According to MarketWatch the firm said in a note, "The government's rapid easing of credit and rollout of infrastructure projects has bolstered FAI, helping offset decreased investment by export manufacturers and property developers." The US faces the same problem with its stimulus package. If it does not catch hold quickly unemployment, falling housing prices, and lack of access to credit will overwhelm the money being pushed into the economy by the Administration. (See pictures of China's electronic waste...