Word: offsetting
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...going to happen with the surplus money that Cambridge has," said Applebaum. The city has a reserve of free cash that it uses to keep its bond rating high and facilitate its cash flow. Some residents have criticized the city manager for not freeing up that money to offset budget cutbacks...
...under control. But these aren't normal times. Right now, fully half of Citicorp's 30 million Visa and MasterCards are dormant. To chairman John Reed, that's worrisome. As the % largest issuer of such cards, Citicorp relies on the profit from those operations (last year: $610 million) to offset disasters like the depression in commercial real estate. As Americans get serious about whittling down their debts, the profit cushion for many bankers is getting uncomfortably thin...
...Bush Administration insists that the dwindling of the Soviet threat is being at least partly offset by a rising danger of more regional wars like the Persian Gulf conflict, fought against countries that are rapidly acquiring tanks, ballistic missiles, chemical weapons and other modern arms. Thus, it contends, the fairly drastic cuts it already has scheduled are the most that can be prudently made. That line might offset the Democrats' attack well enough to keep the odds heavily in favor of Bush's re-election. But even that will not end the debate -- far from it. The serious questions about...
...point, to 17.1%. And the rate on credit cards has actually edged upward one-fifth of a point, to an average 18.9%. Since 1988, the rate has increased nearly a full percentage point. Many consumer groups and financial analysts contend that banks are keeping rates high to help offset loan losses in such other businesses as real estate and leveraged buyouts. Credit cards are the most profitable line of business for most banks, earning three to five times as much as other activities despite rising cardholder delinquencies and bankruptcies...
...when after five years of falling in value the dollar rebounded sharply. In less than three months, it strengthened by 20% against the European currencies. That would mean, for example, that even if foreign revenues skyrocketed by 20% in the same time period, the net gain would be completely offset by the radical shift in exchange rates. Minimizing currency risk is known as hedging, which involves strategies relating to the sale or purchase of a currency at specific points in the future at predetermined rates. As you may suspect, therefore, managing the inherent unpredictability of FX requires flexible and creative...