Word: offsets
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Dates: during 2000-2009
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...economists estimate that Katrina's final price tag could easily top $200 billion. While frugal Republicans like Senator Tom Coburn of Oklahoma and Arizona Representative Jeff Flake (one of 11 members of the House to vote against the President's relief bill) instinctively called for budget cuts to offset the cost of the recovery effort, few cuts seem politically realistic. And much to the dismay of many of his colleagues, House majority leader Tom DeLay proclaimed that the G.O.P. had already trimmed most of the fat from the federal budget...
Besides providing a list of potential artists, the bill also included a budget for the concert that detailed estimated revenues—$114,500, including ticket sales—and offered a $30,000 allocation from the UC budget to offset some of the estimated cost...
...expect the world economy to grow by at least 4% this year. While that's down from last year's stellar 5% growth, it's more than double the euro zone's growth rate and is enabling companies such as Degussa and its German competitors to raise prices and offset more than j1 billion in extra raw-material costs. "High oil prices certainly still matter, but probably only half as much as they did 15 to 20 years ago," says Kenneth Rogoff, former chief economist at the International Monetary Fund (IMF), who now teaches at Harvard. He says that...
...both line production and raw-material processing there from China. "Once we started looking, we figured out it would be very economical to make our products domestically," says Antonio Galafassi, president of Tramontina USA. Although labor costs are higher, the plant's efficiency and its proximity to big customers offset that disadvantage. The company opened a distribution center in Houston in 1986, when it entered the U.S. market, but after securing contracts with the likes of Wal-Mart and Costco, the company wanted a domestic manufacturing presence. Tramontina settled on Manitowoc because the city's former Mirro cookware plant, shut...
...undesirable and corrupt practices that have eroded the people's faith in government. Corruption, red tape and the poor enforcement of laws [deter] investors; our country's strategic location?in the middle of the South China Sea and the Pacific Ocean?and our high-quality workers cannot offset that. In the global economy, anything that a country lacks, it can import and outsource?except for two items: good governance and national pride, which must be homegrown...