Word: offsets
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...making business equipment less expensive to buy, President Ford has asked Congress to lift the investment tax credit across the board to 10%, or an additional 6% for utilities and 3% for other corporations. Yet even if Congress passes the measure, as expected, it is unlikely to quickly offset the combination of factors that are drying up business spending...
...improvement that the kids are making is being offset by the loss of Carl Biello and Bruce Johnson," Lee added. "It makes things tough...
...gloomy despite record prices for trade-ins. Ford and GM have generated figures showing the apparent ease of new-car purchases leveraged by higher used-car value. A two-year-old, fully equipped Ford LTD, for example, would bring $2,700 now, v. $2,225 a year ago, helping offset the higher 1975 LTD price of $5,243. A two-year-old Chevy Impala, says GM, is worth $376 more this year than last year, while a year-old Firebird brings $725 more. Even so, most owners cannot take advantage of higher values for late models. Reason: trade-in values...
Whatever Ford decides, the new Congress will undoubtedly pass something like the tax bill that was reported out of the House Ways and Means Committee last week. The bill provides for some tax cuts for lower-and middle-income taxpayers, with part of the revenue loss to be offset by higher levies on the oil industry. One big question: Will Congress cut taxes without voting Ford the authority, which he says he does not want, to impose at least limited wage and price controls? Probably not. He is likely to get that authority -and he may well have...
...Fitzgeralds' daughter concludes that if the stories are read "less as literature than as reports from another, more romantic world, one will find bits in them that evoke the best of both Fitzgeralds." Certainly there are scattered passages where the prose is highly polished and sensitive. But these cannot offset the feeling that Scott didn't put much thought into his characterizations. The stories were probably written to make money, and, in the wave of a Twenties- Fitzgerald revival, this collection was printed to make some more. If they thought it would sell, Scribners might be tempted to publish...