Word: offsets
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...Ford's yachts; the company is pushing them as collector's items at collector's prices. The Mark V lists at $13,067 and is expected to sell well. That presents a problem for Ford. To meet the 19-m.p.g. average this year, the company must offset the thirst of its big models with increased production of little cars. But sales of its mainstay in that field, the Pinto, dropped after the disclosure in July that Pintos of '71 through '76 model-years have fuel tanks that have ruptured in rear-end crashes. So Ford...
...buying has held up fairly well, business investment in new plant and equipment is picking up a bit, and both should be spurred by the tax reduction of $16 billion to $18 billion a year that Congress is about to enact. In 1979, though, that cut will just about offset the impact of higher Social Security taxes and the erosion of both consumer and business purchasing power caused by inflation...
...numbers of new inventions, its chief economic rivals are expanding their research efforts at much faster rates. One consequence is becoming dramatically clear this year: because the U.S. no longer commands such a high share of the world's high-technology market, it no longer can offset its large imports of low-technology items such as shoes and clothing. As a result, in 1978 the country will import substantially more manufactured goods than it will export. The deficit for the first half of 1978 was $14.9 billion, which will do more damage to the trade balance this year than anything...
However, the defection of Begin's supporters in the Knesset was more than offset by the affirmative votes from the leftist parties. Labor Party representatives usually spoke in favor fo the peace accords...
...Saints' Causes continued to investigate the sanctity of candidates last week, while Villot's former secretariat acknowledged the mountains of condolence messages. The usual Vatican postage stamps marked sede vacante (vacant see) were issued. A prized collector's item, they raise revenue that will help to offset the cost of the conclave (budgeted initially at $2 million...