Word: offsets
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...watches have helped Hong Kong hit an 8.5% growth rate this year. Chen expects that pace to dip slightly to 6.5% in 1985, largely because of a slowdown in shipments to the U.S. Investment in new industrial plants and machinery is up 17% this year, but that has been offset by a continuing slump in commercial and residential construction. In the late 1970s and early 1980s, construction firms went on a speculative spree, and many of the luxury apartment and office buildings they put up are still not fully occupied...
...Architecture, Art and Planning, Meier did some painting during his early years, turning out large abstract-expressionist canvases. Nowadays he assembles intricate collages ("my workout"), and his architectural drawings are collectors' items. He also cuts an impressive figure in person. With his dark-rimmed glasses and conservative suits, offset by a flowing white mane, he looks as though he had designed himself...
...bracket expansion will prevent taxpayers whose incomes have been raised to offset inflation from being bumped into a higher tax bracket. For example, a family with taxable income of $30,000 this year will be able to earn $30,450 next year without its tax bill of $4,818 increasing. Without the new indexation, so-called bracket creep would have raised that family's 1985 taxes...
...visit must have a strong impact if it is to offset the President's appearance today. He will also have to give a push to Democratic Senate candidate Lt. Gov. John F. Kerry, whose lead over Republican Raymond Shamie has not grown despite charges that Shamie is connected to the John Birch Society and may shrink after today's Reagan endorsement...
...production of five C-5B transport planes. Another horror story was reported last week by the Washington Post: in 1981, top executives at General Dynamics allegedly sought to delay the disclosure of a $100 million cost overrun on its nuclear-submarine program until lucrative new Navy contracts that would offset the losses were signed. Sherick laments, "I keep turning over rocks, and under every rock I keep finding things...