Word: offsets
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...capital formation, when President Carter called for a phasing out of interest rate ceilings. This deregulation would have the additional effect of eliminating the differential between commercial banks and savings institutions. The President also recommended that all federally chartered banks be authorized to offer interest-bearing checking accounts. To offset some of the cost of the higher rates for the savings bankers, who lend out their money at long-term fixed rates, Carter suggested that they should be allowed to 1) make some shorter-term, higher-interest consumer loans and 2) offer home buyers variable-rate mortgages that fluctuate with...
...imported oil per day. Iran resumed exports in March, but this oil will not show up in American petroleum markets until late this month, which is why Carter and Schlesinger believe the gasoline crunch will be eased in June. But shortages will continue because OPEC nations that temporarily helped offset the lost Iranian production have reduced exports to keep supplies tight...
...Portillo, too, sought political advantage from Castro's visit. With elections set for July 1, he wants to appeal to leftists and labor union members, who are clamoring for higher wages to offset Mexico's soaring inflation rate. Among the prominent people he invited to welcome Castro were the heads of four leftist political parties, including the Communists...
...billion and a tax cut of $6.5 billion. This was defeated 228 to 191. Then came a proposal for the spending of $526.9 billion with an $18.7 billion deficit. The measure was voted down, 218 to 198. New York Republican Jack Kemp proposed indexing individual income tax brackets to offset inflation in 1979 and cutting income taxes by 10% in 1980. By 229 to 182, the House said...
...Khristianin (the Christian), that roams the country, turning out thousands of Bibles and pamphlets. Local Baptists gradually buy up paper and hoard it until a ton or more has been collected in one place. Then they call on one of their printing teams, which arrives with a special offset press that can be dismantled and carried in several suitcases. Since the Soviets permit no teaching seminaries for Protestants, the Reformers also run a Bible correspondence school, as well as an organization that seeks aid and publicity for religious prisoners. Their evangelistic work includes open-air testimony meetings, held...