Word: offseting
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...plants are antiquated and its invasion of the South consisted of buying an old tobacco warehouse and an ancient mill. But Royal Little's reasons for wanting American were plain: it has $28 million in working capital and a $30 million tax loss that can be used to offset future profits. Said a Little man last week: "Textron has the management, Robbins has the plants, American Woolen has the money...
...foreign policy" and its "open propaganda and preparations for a new war." He blustered against the Paris agreements, and warned Germany "they would render it impossible, for a long period, to re-establish Germany's unity." He talked of countermeasures: a new unified command of satellite armies to offset SHAPE. He waved Russia's H-bomb: "U.S. aggressive circles have miscalculated once again . . . The matter has progressed so far that in the production of the hydrogen weapon ... it is not the Soviet Union but the U.S. which is ... the . . . laggard...
Lawrence, the pint-sized, introverted Oxford scholar who rose from an obscure post in the Civil Service to lead the desert Arabs in revolt against their Turkish oppressors, was just the kind of lonely, romantic figure of danger the British needed in World War I to offset the unrelieved, anonymous four-year horror of the Western Front. His saga became legend. Hailed by many as a masterpiece, his own monumental, turgid and mystic Seven Pillars of Wisdom became the bible of a widespread cult of Lawrence admirers, whose most romantic ideals were justified when their unpredictable hero renounced the world...
Thayer's Virgin does look wrapped in taffy, the composition is static and the whole atmosphere is fuzzed with sweetness. But the picture's virtues more than offset its defects. It is magnificently drawn, subtly radiant in color, and a straightforward expression of the artist's reverence for girlhood and love of children. It can speak, gently, to the heart. Such works as Thayer's have been unjustly eclipsed in a critical age that winces at any expression of pure and lofty sentiments. Luckily, laymen are not so biased...
...trouble. Some of the reasons listed by 83-year-old Irwin Vick Shannon, once a dean the sunspotters : "Cheap money, huge governmental spending and enormous building activity have largely offset the usual [bearish] effects of low sunspot activity." Nobody thought that stock prices would go up forever. In fact, Wall Streeters were looking for a good-sized "technical" reaction-simply because the market had gone up so fast with hardly a breather. But no one thought that it had reached its peak. Just as Americans had become accustomed to;-an evergrowing economy, there was no reason why stock prices, which...