Word: offsets
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...inflation and Dutch elm disease in Chicago? Answer: none now, but there soon could be. Congress and the Ford Administration are sympathetically considering a variety of proposals for a massive increase-up to $6 billion-in federal spending to hire the unemployed for public-service posts and thus help offset the rise in joblessness that is sure to result from a determined campaign against inflation. A relative trickle of federal money already is going to cities and counties, enabling them to hire the unemployed for such jobs as library clerks, garbage collectors, paramedics, even zookeepers. Local officials say they could...
Gyllenhammar remains convinced that Kalmar will work. "We think the extra capital involved will be offset by increased productivity," he says. Still, Gyllenhammar is a prudent manager, and Volvo is prepared to adapt if the Kalmar experiment fails. The plant was designed in such a way that it can be re-converted into a conventional assembly line at a minimal cost...
Maloney and his staff held a $100-a-couple dinner in Framingham last month to offset the expenses. They plan to hold a few $5 dinners in the coming month. Maloney added that other community groups may plan fund-raisers of their own, but that the headquarters will not assume an active planning role...
...home builders and buyers and small businesses, less to speculators; a huge Government program to hire the unemployed for public-service jobs; tax cuts of $6 billion to $8 billion to give medium-and low-income families some relief from the ravages that inflation has wrought on their paychecks, offset by the plugging of "loopholes" that favor oil companies and the rich...
Export Outlook. The outlook for farm exports, which the White House had hoped would offset the enormous cost of oil imports, is uncertain. Europeans and other foreigners are expecting satisfactory crops of wheat and feed grains and are less eager than in recent years to buy American farm goods. But further declines in U.S. crop expectations could well start a new rush of foreign buyers seeking to build their reserves as a hedge against future shortages. That might be a boon for the American trade balance, but it would kick the nation's food prices even higher. In addition...