Word: offsets
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...rendition. The device hints that the Phantom and his chosen instrument will become the means for remaking musical entertainment. If that claim is to be taken as Lloyd Webber's judgment of his own role in the theater, however, it seems premature. His knack for crafting hit tunes is offset by their interchangeability among characters and situations, plus a tin ear for lyrics and lyricists. Moreover, nothing in Phantom compares with Memory in Cats. The melody that comes closest, The Music of the Night, contains a repeated phrase that seems to quote Come to Me, Bend to Me from Brigadoon...
Also like Gorbachev, Ortega has found that his triumphs abroad can be offset by pressures back home. In Managua, it did not escape notice that Ortega had forsaken once immutable Sandinista positions, most notably a pledge that they would never negotiate with the contras, whom they refer to as U.S. puppets. After Ortega announced the talks, La Prensa's headline read SANDINISTAS SURRENDER. That theme was echoed in the streets and at the markets. "We have been going backward ever since the Sandinistas came to power," said Rosario Arroliga Quintanilla as she shooed flies from the filets of pork displayed...
...securities, stock- index futures seemed to the budding portfolio insurers like a hedge made in heaven. Rather than sell stocks when prices start to fall, clients could hold the stocks and sell stock-index futures instead. If the market kept falling, income from the sale of the futures would offset much of the losses in the underlying stocks. If the market reversed field and started back up, clients would take some loss on the futures, but the value of their stocks would be higher...
...that IRA contributions were just beginning to spur greater thrift when they were restricted in 1986, and that they would provide a powerful stimulus for saving if restored. The problem with restoring the IRA deduction is that the tax break would swell the federal deficit unless the change was offset by other revenue...
Under pressure from its NATO allies, the Carter Administration had committed the U.S. to the "dual track" decision of 1979. The U.S. would offset the Soviet missiles by deploying a new generation of its own "Euromissiles" -- Tomahawk cruise missiles and Pershing II ballistic missiles -- while at the same time making a good-faith effort to negotiate with the U.S.S.R. a compromise that would scale back the missiles on both sides...