Word: offsets
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...Patterns. The capital invasion is heartily welcomed by Washington. Commerce Department officials eagerly note that besides helping to offset somewhat the U.S.'s currently huge import bill (TIME, July 11), foreign investments in manufacturing have helped provide jobs (1.5 million by Commerce's reckoning) and broaden the tax base of local governments. Foreigners, for their part, are often surprised by the freedom of operation they enjoy in the U.S. Foreign businessmen find a tolerance of competition that would be inconceivable in their own countries. Example: Lucas Industries, the big British auto-parts maker, dispatched...
NONATTAINMENT. Because areas that do not meet the 1970 act's minimal clean-air requirements cannot legally attract more polluting industry, the EPA last fall announced a Solomonic compromise: it would permit new factories and power plants in a "nonattainment" area if their pollution was offset by curbs on existing emissions. It is under such an arrangement that Volkswagen is building its first U.S. assembly plant-in New Stanton, Pa. Yet the imaginative offset policy has touched off howls from industry, and the Carter Administration wants another year to study its effects. In a surprising reversal, the House voted...
...Both efforts argued that the union's rigid bureaucratic structure would hamper employer-employee relations, and stressed what they called District 65's poor record both in organizing elections and in negotiations. Each implied that the union was seeking to organize in Massachusetts only to generate dues revenue to offset losses from its New York operation; as Edward W. Powers, Harvard's associate general counsel for employee relations, said, "In a sense, the union needs Harvard more than Harvard needs the union." And finally, both campaigns were "labor-intensive"--both Sytek and Steiner agree that the efforts required far more...
Carter's advisers are banking on his broad popularity to offset the business community's concerns. A majority of Americans seem willing, so far, to give him the benefit of ihe doubt. Carter also benefits from a post-Viet Nam, post-Watergate, post-Richard Nixon phenomenon: lowered expectations. Few Americans feel that a President can work magic or cure all ills. "That may be a plus," says Carter Pollster Pat Caddell. At the moment, it may be one of the biggest that Jimmy Carter has going...
...even Ambler's skills can make fiscal crimes committed via telex or computer as gripping as older forms of skulduggery. Still, The Siege of the Villa Lipp has more than enough cerebral twists and sophisticated wit to offset its comparative bloodlessness. And Ambler includes sufficient shocks to show that he has not forgotten how to put his horrors before his cartel...