Word: offsets
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Though Strauss promptly hailed Bethlehem's action as a "major breakthrough" and an example of "good corporate citizenship," its effect on inflation is likely to be largely symbolic. For one thing, the projected 3% increase comes on top of an April increase of 1.1% to offset the cost of the coal-strike settlement, and an earlier, 5.5% rise in February. Even if the company abides by its pledge, its 1978 price increases will still total more than the industry's 8.5% average in both 1976 and 1977. Meanwhile, the nation's three other largest steelmakers...
While the two superpowers were exchanging salvos, the leaders of 15 NATO nations were in Washington to talk about rapidly growing Soviet military forces. To offset the threat to Western Europe, the NATO summit gave final approval to a 15-year program that will substantially increase the alliance's defenses. But despite their preoccupation with Europe, the NATO leaders wound up devoting much time to Soviet moves in Africa and President Carter's call for them to support the U.S. position. Said he: "Our alliance centers on Europe, but our vigilance cannot be limited to the Continent...
Four of the five were subsequently identified as members of the Second of June Movement, a Berlin offshoot of the Red Army Faction. Their caper was especially embarrassing in light of the fact that three of the women had escaped from another West Berlin jail in 1976. To offset criticism of the shoddy security at Moabit, Bonn then announced the arrests of the terrorists in Yugoslavia on May 11; the news had been kept secret because extradition negotiations were not finished...
Roughly 40% of all American women now hold jobs, a substantial change in the past two decades. Naturally, a two-paycheck family faces more complications in moving, especially if one spouse's raise might be offset by the other taking a cut. When an electronics executive was asked to shift from Boston to Maine, his wife, a nurse, could find nothing to match her present job. Their decision: to remain in Boston. Having diligently worked up to assistant vice president at Bank of America's home office in San Francisco, Richard Easley, 33, was offered a reward...
...interest to reduce tensions on the continent, the West will continue to face an ideological war for influence in Africa. In what amounts to a new scramble for the continent, the Russians and the Cubans have been devising their own rules for the game of African political influence. To offset such influence in so fragile a setting, the U.S. and its allies must do some contingency planning of their...