Word: offsets
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Among bankers, First Chicago had a reputation for overextending itself on loan commitments. But the bank's profitable international business helped offset earnings losses from bad loans. What is more, Abboud adds, those losses were also restrained by First Chicago's policy, begun more than a year ago, of limiting loan commitments and looking for "highest quality at the greatest return." For First Chicago and banks generally, such conservative lending policies will prevail for some time as a hangover from the recession. But Abboud feels the loan-loss picture is at its darkest now, and should brighten...
Moments after B.C.'s freshman guard Ernie Cobb had turned a perfect evening for Harvard basketball loyalists (all 23 of them) into the team's fourth consecutive defeat, Coach Tom Sanders was asked how he planned to offset the letdown which would probably ensue after his squad's emotional performance that evening...
...scope's misalignment. Oswald at least once told Marina he was going off to target-shoot. Also, as one army weapons expert advised the commission, Oswald may have been disastrously lucky in that the 3° decline on which the Kennedy car was traveling could have offset the scope's error...
...dampen oilmen's enthusiasm for much needed exploration. U.S. production of crude is in its fifth consecutive year of decline. And though oil companies completed drilling a record 25,729 domestic wells in the first nine months of this year, they have not found enough new reserves to offset the drain on old fields...
...Eastern liberal who makes conservative bet tors uneasy, but clearly a thoroughbred ... Fast on any track, and he has been on many, with four Cabinet posts in the past five years ... As Mr. Clean (or mostly clean) in Watergate, could offset some resentment of Ford's pardon of Nixon ... Commerce spot poor training for the Veep Sweeps, but Ford could give him added responsibilities ... Known to balk at the whip and for being aloof...