Word: offsets
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...From the offset, the Harvard Klan was a silent beast. Hooded Klansmen did not hold massive demonstrations in Tercentenary Theater; progressive leaders of the era were not hung in effigy in the Yard. Yet-at least according to a prominent Klansman who spoke to The Crimson in 1923-the Harvard Klan was far from a fringe association. The Harvard Klan, he said, is inactive. But it is very far from being disorganized, nor can I even say now its influence is unfelt...
...sees only a 20% chance of recession, vs. the fifty-fifty odds some economists were quoting as recently as September. She expects a leveling off in housing and a decline in nonresidential construction, as well as "a widening of the trade gap," but thinks they will be largely offset by further gains in consumer spending, business investment in information technology and "some increase in government spending." Profits of companies whose stocks are included in the Standard & Poor's 500 index will rise about 5%, she forecasts, vs. a flat performance this year but well below the double-digit gains...
...based outplacement firm, estimates that 1998 may set the decade's record for layoffs. It reported that U.S. firms eliminated 574,629 jobs this year--32% more than in 1997 and within reach of the 1993 high of 615,185. Some economists argue that job gains will continue to offset job losses. But economic turmoil in Asia and Latin America may make things worse...
...while successful recruiting may offset someof the advantages of privilege in the earlyadmissions process and encourage minorities andlower-class students to think about collegeearlier, it is not a panacea...
...ratings slide, even as the fees that the leagues charge the networks for broadcast rights have skyrocketed. We just watched--or didn't watch--the lowest-rated World Series in history. Monday Night Football audiences are down 10% compared with last season. The extra commercials that networks air to offset their higher costs have only prompted viewers to channel-surf more frequently away from the major sports. Big-salaried athletes with bad attitudes have been turning off fans. And now a squabble over money among a bunch of rich men--pro basketball's owners and players--has forced cancellation...