Word: offsets
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...Operations of multinational companies. They get some benefit from a weaker greenback because profits earned in, say, West German marks or Swiss francs are worth more dollars to be sent back to the parent company in dividends, though this can be offset by the greater dollar operating costs abroad. Also, American-owned multinationals have been slowing down investment abroad. One reason is the sluggishness of European and Japanese economies. The drop of the dollar has added another reason, by increasing the amount of dollars that multinationals must spend to build, buy or expand foreign factories. Weakened American investment abroad prolongs...
...place. Barry Mendelson, 34, New York-born executive vice president of the Jazz, points out that "there was no real longtime legacy of pro basketball in the South." Yet the club has broken N.B.A. attendance records five times. The football Saints, whose mundane performance on the field is partially offset by their spectacular half-time shows, are also incurable domophiles. and have a ten-year lease on the Poydras palazzo...
Prospects are excellent for speedy passage of the Carter tax plan, though Congress may add another $5 billion or so in tax cuts. Businessmen and economists cautiously endorsed Carter's proposals as beneficial to the economy, even though the stimulus will be largely offset by new increases in Social Security taxes, which will begin taking effect...
Midwest Correspondent Barry Hillenbrand, whose reporting included attending a "cookoff' in Evanston, Ill., says he is now "hard into an effort to offset the damage...
...That would still be high by any but recession standards. As in 1977, new jobs will be created rapidly; this year the number of people working has risen by 3.7 million-950,000 in November alone. In all, 92.2 million Americans now have jobs. But the increase has been offset by a flood of would-be workers, especially women and youths, into the job market. That pattern will continue...