Word: offseting
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...offset these painful economic considerations, Verwoerd last week pulled out some political stops. He called an end to the state of emergency under which South Africans have lived since Sharpeville, released thousands of political prisoners who have been held without charge. To ensure plenty of scary headlines on the eve of the referendum, Sept. 12 was set for the trial of David Pratt, the English-born farmer who shot but only lightly wounded Verwoerd in April. In the back country, Nationalist campaigners are warning voters that there will be ways to tell who voted against the republic. And Verwoerd himself...
...lifetime but averts a possible sacrifice sale in case of his death. Profit-making companies also look on the tax losses on the books of a money loser as a big inducement to merge, since the loss can be used at the Internal Revenue Service desk to offset the taxes on their own profits...
...airplanes) against current expenses. If the company ends up with a net operating loss, it can claim its loss of profits from the Government as a cash refund on its three previ ous years' back taxes. If this is not enough to cover its losses, it can offset future earnings for up to five years. These write-offs are sometimes the most valuable ingredient in money-losing companies up for sale...
...Hook. Johnson's unexpected presence on the Kennedy-Democratic ticket upset a basic assumption of Nixon's campaign strategy. To offset advantages that Kennedy's New England origin and Roman Catholicism will give him in the East, Nixon had hoped to win a clutch of electoral votes in the South, capturing at least the four states-Florida, Tennessee, Texas and Virginia-that Dwight Eisenhower carried in both 1952 and 1956. By dimming Nixon's prospects in the South, the Kennedy-Johnson ticket confronted him with a tough problem in electoral-vote arithmetic. Even if Nixon...
...base-of 100). The new figures were a firm show of strength by the U.S. economy, since the rise took place despite heavy cutbacks in steel production that dropped the index figures for iron and steel 25% below January. Steel's drop was more than offset by gains in almost every other category in the index, including durable goods, which have been lagging a long time. Last week steel also was coming back, if only slightly-to 62.3% of capacity...