Word: offsets
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...expect the world economy to grow by at least 4% this year. While that's down from last year's stellar 5% growth, it's more than double the euro zone's growth rate and is enabling companies such as Degussa and its German competitors to raise prices and offset more than j1 billion in extra raw-material costs. "High oil prices certainly still matter, but probably only half as much as they did 15 to 20 years ago," says Kenneth Rogoff, former chief economist at the International Monetary Fund (IMF), who now teaches at Harvard. He says that...
...both line production and raw-material processing there from China. "Once we started looking, we figured out it would be very economical to make our products domestically," says Antonio Galafassi, president of Tramontina USA. Although labor costs are higher, the plant's efficiency and its proximity to big customers offset that disadvantage. The company opened a distribution center in Houston in 1986, when it entered the U.S. market, but after securing contracts with the likes of Wal-Mart and Costco, the company wanted a domestic manufacturing presence. Tramontina settled on Manitowoc because the city's former Mirro cookware plant, shut...
...supports the Nature Conservancy by training locals to be Yangtze River guides. Other Ways To Help Join Country Walkers' tree-planting project in Costa Rica to create a corridor for mono titi monkeys Improve health conditions in remote regions with Medicines Global by packing extra first-aid kits To offset the CO2 emissions released during your travels, go to treesftf.org and purchase CO2-consuming trees ($1 will offset a round-trip domestic flight, $3 an international...
...undesirable and corrupt practices that have eroded the people's faith in government. Corruption, red tape and the poor enforcement of laws [deter] investors; our country's strategic location?in the middle of the South China Sea and the Pacific Ocean?and our high-quality workers cannot offset that. In the global economy, anything that a country lacks, it can import and outsource?except for two items: good governance and national pride, which must be homegrown...
That nicely offset the independence Benedict signaled by choosing Levada. "Everybody," says a powerful Rome-based Cardinal, "was expecting a European" for the key slot. Rome was certainly not anticipating a relatively obscure Archbishop from the scandal-plagued U.S. church. By tapping Levada, a personal acquaintance with a reputation as a practical if unspectacular thinker, Benedict may or may not have been arranging to act as the de facto head of his old shop. But he certainly showed a willingness...