Word: offsetting
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...from testimony at the judge's earlier confirmation to the federal appeals court and the record of his decisions. After separate interviews with Jones and Souter at the White House on Monday, Bush opted for the New Hampshirite, hoping that the judge's intellect and blue-ribbon resume would offset concerns about his sparse written record. "I have looked for the same dedication to public service and strength of intellect exemplified by Justice Brennan," said Bush. By putting forth a candidate with such a low profile, the President has shifted the debate from Souter's record to the matter...
...past, Saudi Arabia had been the one to stabilize OPEC's overall production level. As the so-called swing producer, the rich Saudis would cut back their output to offset the excess pumping of other members. In 1986 the Saudis got tired of playing the sucker and flooded the market with their unrivaled stores of crude, pushing prices down in an attempt to punish the cheaters and force them to play straight. That method proved of little value in taming Kuwait and the U.A.E., which have rich petroleum reserves and tend to favor lower prices as a way of discouraging...
...hold inflation at bay. Last week Greenspan blinked. In testimony before the Senate Banking Committee, he acknowledged for the first time that many banks are causing a credit crunch by being overly stingy in granting loans. As a result, Greenspan said, the Federal Reserve may act to "offset" the credit tightening by engineering a "modest" drop in interest rates...
...corporations has been a surge of exports. With the growing appetite for American goods, foreign sales of products as varied as minivans, jetliners and health-care products in the first four months of 1990 climbed 8.9% above the figure for the same period last year. The strong performance offset a 4.8% rise in imports and helped cut the U.S. trade deficit from its peak of $152 billion in 1987 to a current annual rate of $92.2 billion...
...that even the agreed upon START level of 10,000 warheads would leave the U.S. short, with "more targets than weapons available to strike them." General John Chain, commander of the Strategic Air Command, insists that he must have 75 B-2 Stealth bombers, each carrying 16 weapons, to offset the START limit on missile-delivered nukes. "Forty-nine hundred missile-carried warheads," says Chain, "are not enough to destroy the Soviet Union...