Word: offsets
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...this novel, based on a true story, Matthiessen is pretty good at mythmaking himself. From the evidence he gives, there is no reason to think the real Edward J. Watson was much more than a serial killer with trading smarts that were offset by lethal outbursts of meanness. But the reader doesn't see much of that side. Oh, Watson beats his son every Sunday and throws a half-caste mistress off his land when she becomes inconvenient. But the narrative, which is told in 36 short chapters by ten locals, mostly mixes awe and dread, along with a certain...
...biggest threat appears to be to highly leveraged foreign investors. Diamandis Communications, a subsidiary of French-owned Hachette, is looking to sell Woman's Day to offset Hachette's estimated $400 million U.S. debt. Murdoch's News Corp., reportedly $6.5 billion in debt, will soon begin experimenting with the venerable but faltering TV Guide, adjusting the magazine's iconic size and format in an effort to become more accessible and compete with proliferating local cable guides. Leslie Hinton, president of Murdoch Magazines, rejects speculation that foreign investors want out of the U.S. altogether. "Things go up and down," he says...
...report also carried a pledge by Japan to spend $2.77 trillion over the next 10 years on public works projects to stimulate demand for imports and help offset this nation's huge reservoir of savings. Japan has spent $1.7 trillion in the past 10 years...
Though Californians have approved small tax increases on a local level in recent years, the state faces a $3.6 billion budget shortfall. With state funds shrinking, many spending burdens have been passed down to localities, which in turn pass them along to new-home buyers. To offset the cost of sewage and street building, parks and schools, local governments began imposing "impact fees" of as much as $25,000 for a newly built home. So it was no less important that California voters also agreed last week to loosen the state spending cap and exclude certain expenditures from the limits...
...solo spot at CBS since March 1981, have dropped 55% from their peak. Brokaw is down 44% from his high point. And while Peter Jennings, the regular ABC anchor since 1983, has helped lift his network into the lead, the gains by ABC World News Tonight do not fully offset the losses at the rival networks. Something new is needed to bring the lost viewers back. To judge from the past eight months of surging public affection for her, Jane Pauley just may have...