Word: offsets
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...previous years, Secretary of EducationWilliam J. Bennett has blasted the nation'scolleges and universities for being "greedy" andfor encouraging their students to apply forfederal grants and loans to offset tuition hikes...
...This is a most dangerous and wrongheaded precedent," said Rep. Pat Roberts (R-Kan.). He scoffed at claims that dairy producers need the price increase to offset the increased cost of feed resulting from the drought, saying cattle and sheep ranchers and poultry producers are not getting anything similar in the way of a subsidy...
This decade added wrinkles, such as computerized trading and increased use of sophisticated techniques for minimizing losses. One of the most popular examples is gambling on where Standard & Poor's 500 stocks are going. A successful bet that the index will fall could offset losses in declining stocks. Stock-index futures are traded much like any other commodity, except that they do not represent anything real, such as wheat, tin or pork bellies...
Secretary of Agriculture Richard Lyng asserted that the proposed legislation would be "expensive, but something we can afford." The cost would in fact be offset by savings in the $17.7 billion farm-subsidies program already approved in the 1988 budget. As the drought tightens supplies and pushes up commodity prices, the Government will not have to pay out as much in price-support subsidies. In effect, Congress is recycling price supports in the form of disaster relief. The legislation, claim its supporters, would not add a penny to the Government's budget deficit...
...Graham is the only one on the list who has never had a real boomlet, perhaps because he tried too hard to create one by flogging polls showing he could carry Florida. His record of ordering more executions during his eight-year term than any other sitting Governor could offset Dukakis' soft-on-crime image. He is a master of the political gimmick -- he performed 100 different jobs in 100 days during his 1978 gubernatorial campaign -- with potent Washington connections (he is the brother-in-law of Washington Post Board Chairman Katharine Graham). But with less than two years...