Word: offsets
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Federal regulators, who have been forced to pump loans worth more than $2 billion into F.C.A. since July to offset withdrawals by jittery depositors, are angry about the parting payment and are said to be pressing F.C.A.'s board to recoup the cash. That, however, will not be easy. Knapp arranged for the $2 million to be deposited in a foreign account. The money is probably beyond the Breach of U.S. authorities and F.C.A. share; holders. While Government regulators back home seek new ways to keep F.C.A. afloat, notably by backing the company's plan to sell...
...past year could be a plus for Hunt. Helms has unabashedly alienated blacks by boasting of his efforts against the creation of a national holiday honoring the Rev. Martin Luther King Jr. The Moral Majority says it has registered 70,000 white voters in North Carolina who might offset the black voter-registration drive. Each side agrees that the race is just too close to call. Says Helms Press Secretary Claude Allen: "I think it's going to be right down to the wire." -By Jacob V. Lamar Jr. Reported by Joseph N. Boyce/Charlotte
...stamp to 23?. The board can try to live within the means suggested or seek to get the decision changed. Though the Postal Service has recorded surpluses for the past two years, Postmaster General William Bolger warned that an additional $3.2 billion in new revenues will be required to offset rising costs next year. One factor sure to influence the board's eventual decision is the outcome of an acrimonious dispute with postal unions, which have been working without contracts since July...
...million since 1972 to finance birth control, and the government has willingly spent it on educational family-planning programs. Partly as a consequence, the city's estimated birth rate dropped from 42.6 per 1,000 in 1970 to 31 per 1,000 in 1980 (that was largely offset, however, by a corresponding drop in the death rate). Abortions are still banned, unless the mother's life is endangered or she has been raped, but about 1 million women have them performed illegally every year. About 10,000 of these women die. Says Gynecologist Alejandro Hernández...
LATIN AMERICA. American tourists in Mexico are finding that the drop in the value of the peso, from 23 to the dollar in 1980 to about 190 today, has more than offset inflationary price rises. A room in the El Mirador Acapulco that went for $38 last year now costs just $16. The Mexico City subway fare is only one-half a U.S. penny, and 65? pays for a movie ticket. But swank shops in Mexico City's so-called Pink Zone can fool the unwary. For his $50 the tourist may get only imitation Gucci shoes, but real...