Word: offsetting
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...employers cannot return money to individuals who fail to exhaust their accounts, lest FSAS start to look like tax shelters. But companies can give the money back pro rata to everyone in the plan. Almost none do, choosing instead to offset plan administrative costs - an outrage that Congress finally noticed last year...
Since late 1999, Georgia-based Eternal Reefs Inc. has mixed some 200 marine enthusiasts' ashes with environmentally safe concrete to create "reef balls." The use of fossil fuels during cremation is somewhat offset by what the balls give back: they are lowered into the ocean to help rehabilitate damaged reefs. Within a year, corals form...
Harvard’s endowment, based on figures released in an annual report by the Harvard Management Company last week, saw a 0.5 percent decline in investment returns during FY02. That loss, in addition to $750 million in spending offset by $100 million in gifts, caused the endowment to fall from $18.3 billion in FY01 to $17.5 billion in FY02...
...city in the world, show up at a hash and immediately find a social group. It's a great way to meet people, and discover parts of the city you would never find on your own." All they ask is that you pay a small fee to offset the cost of drinks, have a positive attitude, and are prepared to have fun. Just be sure to follow the advice of Hong Kong native Shreedhar "Marmalade Head" Natarajan. "Bring water, a torch and a good sense of humor." And, never, ever wear new shoes...
...dollars trading oil on the commodities market. With its balance sheet deteriorating, Harken devised a sale of 80% of a chain of gas stations, Aloha Petroleum in Hawaii, to an entity that included the company's chairman and another director. Harken recorded a gain of $7.9 million to offset other losses and finished the year $3.3 million in the red--bad, but far better than the reality...