Word: offsets
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Despite his cool relationship with Congress, Richard Nixon offset his switchboard's tactlessness by going to the Hill for lunch on the final day. He gave the key leaders cuff links bearing the Presidential seal plus pearl-ringed brooches for their wives. He offered general thanks, said nothing of his disappointments; his warm mood conveyed the impression that he did not intend to veto any major bills. It was the kind of rapport-building gesture that politicians of both parties had wanted him to make months earlier, though it is questionable whether gestures would have helped improve the final...
...losers in the F-15 race suffered a severe blow. Maryland-based Fairchild Hiller Co. (1968 sales: $244 million) saw its hopes of suddenly becoming a major aerospace firm dashed. Bigger North American Rockwell ($2.6 billion) badly needs new business to offset declines in its Apollo program work. The company spent $25 million on its bid, but now layoffs are in prospect...
...supply of money shrank by 33%?and that compounded a worldwide economic collapse. The Federal Reserve, which took a narrow view of its responsibilities, felt itself almost powerless to reverse the tide of events. Not really understanding what should be done, it did practically nothing to offset the contraction of the money supply...
...comparison, Harvard has only five men returning from its first boat, and its freshman crew lost to Penn's twice. But Harry Parker is the Harvard coach, and his exceptional rowing knowledge and rare inspirational abilities may well offset Penn's manpower advantages...
...opposition weekly, the Badger Herald, promised at first to keep its news columns free of advocacy, but swung quickly to the right to reflect the views of its founders, the Young Americans for Freedom. After 93 years of campus monopoly, the Daily Princetonian is being challenged by an offset giveaway called the Princeton Notice, which veers erratically from left to right. M.I.T. now boasts no fewer than five campus papers representing virtually all shades of the student political spectrum...