Word: offset
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Britain is so hard pressed that it insists that Germany buy enough goods to offset the $215 million-per-year cost of the 55,000-man British Army of the Rhine. Otherwise, they intend to start immediate reductions, trimming the BAOR by perhaps 50% within the next 18 months...
...main concerns are German prestige and pocketbooks. Tops on the agenda is the so-called "offset" agreement by which West Germany helps compensate the U.S. for the cost of maintaining its forces there by purchasing American military equipment. The Germans have fallen $600 million in arrears on their commitment to buy $1.3 billion in U.S. arms during a two-year period ending next June. Erhard's argument is that West Germany needs no more equipment at this time, and cannot really afford to keep to its contract...
...Wall Street to Tokyo, but their impact was most pronounced in Washington-particularly on the man in the White House. Lyndon Johnson is something of a Populist who agrees with Truman that money should be easier. But-as with so many other things lately-he has done nothing to offset the rising rates except talk about them. Truman's prodding stung him sharply. "I, too, am concerned about the interest-rate rise and what it means to many Americans," protested the President, but he denied that the increase had put the economy "in danger of recession or depression." Rather...
...another matter. The Navy fears that the 35-ton F-111B consumes too much fuel and has insufficient range for "loitering" .(patrolling at slow speed to guard ships), suspects that it will prove too heavy and cumbersome for carrier use. Pentagon planners expect that new lift devices will partially offset the weight problem, also hope to improve the F-111B's engine and eliminate kinks in its special missile system. But the Navy has been unhappy with the program all along, makes no secret of its interest in a proposal to convert McDonnell Aircraft's F-4 fighter...
...year. General Motors was the big loser, partly because it handled the safety squabble badly and partly because, with more models than anyone else, it had merely face-lifted, instead of restyling. Its January-July unit sales dropped from 2,829,527 to 2,610,696. This more than offset slight gains by Chrysler (up from 818,977 to 837,391, thanks mostly to its "intermediate"-sized Belvedere and Coronet) and by Ford (up from 1,438,247 to 1,439,620, almost entirely because of the Mustang). Profits were down: G.M. reported its second-quarter figure fell...