Word: offset
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...result was that by last week, when the Treasury's financing operation ended, FRB had had to absorb most of the new low-interest notes itself, in order to keep an orderly market. By so doing, FRB might well have offset the higher interest rates that it had imposed; in buying most of the Treasury's huge issue, FRB had increased the amount of money available for loans to its member banks. If the banks took advantage of this, commercial loans, in the end, might rise even more. In short, before FRB could make its sensible anti-inflationary...
...gain that was Robert Lovett was offset, at least in part, by the loss of one of the nation's most effective diplomats. Tired out and in bad health, wearing a black patch over the eye he injured by the barb of a salmon fly while fishing in England, 56-year-old Lewis Douglas called at the White House last week and resigned his post as Ambassador to the Court of St. James's. After he finished winding up his affairs in England, Lew Douglas was going home for a long and well-deserved rest...
Reischauer questioned whether the stragetic value of keeping the Reds out of Formosa was enough to offset the loss of United States face in Asia caused by supporting Chiang. "Fortunately," he added, "the defense of Formosa is tied in with Korea, and when we, leave Korea we can quietly retreat from Formosa...
Reischauer questioned whether the stragetic value of keeping the Reds out of Formosa was enough to offset the loss of United States face in Asia caused by supporting Chiang. "Fortunately," he added, "the defense of Formosa is tied in with Korea, and when we, leave Korea we can quietly retreat from Formosa...
Douglas, Keenan Wynn, Joan Davis and Arthur Treacher work to make the film's burlesque of gangster customs fitfully amusing, though it is never good enough to offset a phony love story that insists on taking itself seriously. As the truculent brat who poses as the bigshot's son (and who is intended to be lovable), Peter Price is the last, unspeakable word in precocious delinquency. Students of U.S. movie morality, noting that the t gangster's innocence of any actual killing qualifies him for a hero's fadeout, may be forced to conclude that racketeering...