Word: offsets
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...strategy of pre-emption. "The old way never worked," he says. "It was always too little and too late." Nevertheless, last week's economic news confirmed that the expansion is in scant danger of overheating. Consumer prices rose just 0.1% in April as falling food and fuel expenses offset a jump in medical costs. At the same time, wholesale prices slipped 0.1% overall. "Here we are three years into the recovery and inflation is still declining," says Ross DeVol, an economist with the WEFA Group economic consulting firm. "That is unprecedented in the postwar period." Declares Ed Yardeni, chief economist...
...Christie's and Sotheby's, artworks that were estimated to reap between $160 million and $215 million instead brought in $101 million -- a stunning setback for the already shaky art market. Although works by a few artists sold at higher-than- expected prices, the surprises were not enough to offset the embarrassments...
...Stats and records don't matter to me," he says. "I suppose I would have liked to make the playoffs, but any disappointment I feel is offset by the satisfaction in the progress the team has made...
First, opponents' claim of regressiveness is questionable, since studies have shown that the VAT is not as regressive as payroll taxes which are currently in the US to generate as much as a fifth of total revenue. Furthermore, if the VAT is regressive, the government can easily offset this by granting refundable tax credits (such as the Earned Income Tax Credit...
Deductions were especially handy for the Clintons in those years, when they were needed to offset gains made by Hillary Clinton's foray into commodity trading. She added $26,541 to the family income in 1978 and $72,436 in 1979. Even with deductions, the growth of the Clintons' tax payments outpaced the rise of their income. For 1977, they paid taxes of $8,194 on an adjusted gross income of $41,731. By the next year, their income more than doubled, to $85,214, but their taxes grew faster, to $22,627. For 1979, when their reported income...