Word: offsets
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...thing, everyone-not least the Labor Party-is breathing easier about the economy these days, thanks in large measure to North Sea oil. Callaghan and Healey are banking on further improvement in the economy as a powerful weapon to offset the campaign themes that Tory Thatcher is developing on immigration, with its appeal to racial fears, and law-and-order. Callaghan's chances of remaining in No. 10 Downing Street are now about even with Thatcher's moving there, a remarkable turnaround for a man who was 22 points behind Thatcher in the opinion polls 18 months...
...nail-biters were more than offset by the other Harvard wins, as no Hampshire player could take more than five games from her Crimson opponent...
...last week by an incorrect front page report in the New York Times that Jimmy Carter had decided against production of the neutron bomb. For months U.S. diplomats had been trying to win NATO nations' support for the bomb on the ground that its lethal radiation would offset the Soviet Union's 3-to-l superiority in tanks in Central Europe. Now Carter seemed to have changed his mind despite the recommendations of his chief advisers on defense and diplomacy. All week long U.S. officials kept denying the Times report, insisting that it was all a misunderstanding, that...
...such potential crises, according to Luttwak, the U.S. may find that it does not "dare to use its nuclear weapons to offset Soviet advantages in conventional forces." As Luttwak imagined the scene, "Moscow could then say to the West, 'Gentlemen, we are superior in ground forces, we can take most of West Germany in 48 hours. You cannot checkmate that by strategic nuclear forces, for you no longer have superiority. Now we want to collect.' " And what will they collect? Luttwak speculated that while they would not actually occupy Western Europe, they would demand that it "show...
Carter's proposed $25 billion cut in income taxes would offset next year's Social Security increase. But anxious Congressmen and Senators feel they cannot wait until the bill reaches the floor of the House, probably by June. Last week O'Neill urged the White House to take the initiative in rolling back the Social Security tax boost. Said he: "They had better move, because if they don't, Congress will." Afterward, Presidential Aide Stuart Eizenstat asked the Treasury Department to submit a list of alternative revenue sources to Carter this week. Said a Treasury official...