Word: offsets
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...booming business center of the city thriving, the portly (275 Ibs.), personable Jackson will have to deal shrewdly with Atlanta's white establishment. As a tangible earnest of its willingness to cooperate, Coca-Cola Board Chairman J. Paul Austin gathered 30 business colleagues together last week and helped offset the remaining $30,000 debt of the Jackson campaign. In his defeat of Mayor Sam Massell last October, Jackson polled 21% of the white vote. That was a considerable achievement. Massell gave the contest an appallingly racist tinge by branding Jackson a do-nothing and a potential black firebrand...
Labor unions have seen to it that wages go only one way: up. Manufacturers sometimes can offset the higher costs by raising output per man-hour; but service industries, which account for more than 40% of the economy, find that difficult. And as U.S. industry grows more concentrated, businessmen can raise prices more confidently than they could if there were more competitors around who might undercut them...
...increase the wage base from which deductions are taken to as high as $25,000 and work out some formula to reduce payments by less affluent Americans. A more likely solution is a plan that would give workers earning up to $5,600 a special income-tax credit to offset Social Security levies. Such a plan was included in the Senate version of the bill raising benefits last month, but it was dropped by the Senate-House conference committee. As part of the compromise, however, the House agreed to study the idea further this year...
...plant in Monticello, Ind., converted its heating systems to burn 30 to 40 tons of its own waste wood daily. Dow Chemical Corp. has cut steam consumption in half at one of its plants, partly by installing a more efficient heat-transfer process. The investment of $44,000 was offset within a year through lower energy bills. Alcoa has developed a new smelting process that is expected to cut by 30% the amount of electricity needed to produce a pound of aluminum. Since the aluminum industry is one of the most voracious users of power, the process may prove especially...
...preliminary November trade deficit of $621 million. This follows October's record $821 million deficit. There was speculation last week that the timing of Heath's announcement-on the eve of the Copenhagen summit of Common Market leaders-meant that he might seek EEC help to offset Britain's deficit. There is "an acute danger," as Heath has noted, that his deflationary measures could spread to Europe's industrial economies, all of which are struggling with inflation and the prospect of vastly higher oil bills. The result of that kind of domino-style deflation, Heath said...