Word: offsets
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...considerable savings on a yearly basis. In this way we can hopefully avert a situation as drastic as that at Columbia. By instituting cost consciousness throughout the administrative organization of the University--at the Computing Center, the Press, in central services and so forth--we can partially offset increases in operating expenses and higher wages. The Faculty of Arts and Sciences is another matter. John Dunlop is, of course, much better aquainted than I am with the particular aspects of the Faculty's budget, but the deficit has been steadily growing, and it may be greatly augmented by the expected...
...considerable savings on a yearly basis. In this way we can hopefully avert a situation as drastic as that at Columbia. By instituting cost consciousness throughout the administrative organization of the University--at the Computing Center, the Press, in central services and so forth--we can partially offset increases in operating expenses and higher wages. The Faculty of Arts and Sciences is another matter. John Dunlop is, of course, much better aquainted than I am with the particular aspects of the Faculty's budget, but the deficit has been steadily growing, and it may be greatly augmented by the expected...
...hikes. Although the Administration claims that its rules will stimulate the whole econ omy and raise generally low corporate profits to reasonable levels, union leaders have another viewpoint. Noting that union employees of McDonnell Douglas Corp. were entitled to a 35¢-per-hour increase during the freeze period to offset recent cost of living increases, U.A.W. President Woodcock complained: "Now Mr. Nixon says they can't pay it. Well, what happens to that 35¢? It goes into the corporate treasury of the company." Agrees Meany: "It would have been better to put it into escrow or give...
Inflation is also stubborn because more and more Americans work for the Government or in service industries, where wage rises are hard to offset by rises in productivity. Public service employees have rapidly unionized and have often called illegal but successful strikes. Governments at all levels are prone to cave in to exorbitant wage demands because voters are unwilling to put up for very long without policemen, garbage collectors or teachers. In the past decade the number of municipal employees has gone up 32%; their total wages have increased 118%. And huge increases are built into current contracts...
...mustangs' plight may thankfully be offset by the nation's horse producers, who are currently maintaining a horse-population growth rate between 6% and 8% per year, making the American equine population the fastest-growing segment of animal agriculture...