Word: offsetting
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...world's top producer. Churning out 27.8 million tons of steel products, POSCO earned $620 million, with exports accounting for 25% of revenues. But does it owe its competitive edge to government handouts? Its ties to Seoul are certainly cozy, and its exports still face countervailing duties abroad, to offset subsidies it received years ago. But analysts say POSCO now operates independently and succeeds through smart management and planning...
...inside contributions offset a tough outside shooting night for the Crimson. As a team, the Crimson made just one three-pointer in 13 attempts, and Harvey, Harvard’s scoring leader in each of the last 12 games, managed just six points on 3-of-10 shooting...
...best printers in New York because he wants his photography to be perfect. For the Green Street show, Sheng saw five proofs of each print before the final versions and even asked printers to FedEx proofs to him while he was on a shoot in Hawaii over intersession. To offset the enormous cost of producing his photographs, Sheng has taken out loans, found funding through the Harvard College Research Program, used his personal savings and maxed out a lot of credit cards...
...labors under the globe's highest level of public debt--140% of GDP. Across the nation, bankruptcies and unemployment are soaring. Practically everything else--stock values, consumer prices, confidence--is in free fall. The biggest crisis of all is the yen. With the Bank of Japan printing money to offset a liquidity crisis, the currency is sliding fast. It hit 134 to the dollar last week, a 15% decline since a year ago. The decline has prompted cries of foul from U.S. manufacturers over the competitive edge a weak currency gives Japanese products. But an equal concern is that...
Since the schools’ dining facilities have to compete with the restaurants in Harvard Square for diners, Upson says raising prices to offset the coming salary hikes would be “self-defeating...