Word: offsets
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Carter has sought to offset that alliance in several ways. First, he called in his most likely critics, including mayors, Governors and black leaders, for well-publicized talks at the White House. He expressed sympathy for their problems but made it clear that he faced a cash crunch. Then, tentative budget figures were leaked that suggested severe cutbacks in such fields as education, health, urban renewal, housing, mass transit and jobs for the hard-core unemployed. As expected, the drastic slashes set off cries of alarm...
...retired at 65. Thus companies' pension costs will not rise; they may even drop, since a worker who retires at 70 will draw a pension for fewer years. The cost of providing life and supplementary medical insurance for older workers may rise, but that will be offset by guidelines that the Department of Labor will issue within three months. They will declare that an employer will not have to pay any more to provide benefits for a worker above 65 than for one below that age; if the same employer contributions buy fewer fringes for the senior employees...
...money earned in the investment venture will probably not be used to offset rising University costs directly, Cabot said, but he added that because a very small portion of Harvard's endowment fund will be used for the investments, it will probably only slightly increase that fund. Twenty-two per cent of the total college budget comes from endowment...
...tuning prices to help meet the federal Corporate Average Fuel Economy (or CAFE) standard of 19 m.p.g. for each company's entire line of cars in model year '79. The trick is to sell enough of the mini and subcompact models, averaging 28 to 30 m.p.g., to offset the heavier cars that get only 11 or 12 m.p.g...
...increases that have been tacked onto sticker prices of large cars and big engines should more than offset any fines that Washington may hand out. Thus, the cost of compliance with the new regulations-or the fines-ultimately will be picked up by the inflation-weary car buyer...