Word: offseting
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Ringing the Bell. Third-quarter earnings of the American Telephone & Telegraph Co. were $37,055,000, off $10,205,089 from the comparable period last year. The loss, said President Walter S. Gifford, would be offset in part by rate increases already granted in 26 states and asked in 15 others. Despite the lower operating profit and the heavy losses incurred during the strike last spring, A. T. & T. hoped to pay its $9 dividend again this year, and to be earning at that rate by year...
Perhaps to offset any undue sobriety of a rally-less Friday night a bevy of Radcliffe, usherettes will dish up refreshments between the musical numbers tonight, band officials announced. Nothing stronger than cider and coke, however, will be donated by the Band...
...C.I.O. steelworkers' union and now vice president of the Portsmouth Steel Corp. He thinks that the U.S. needs about 10 million tons of added capacity. To get it, Ruttenberg told the New York Society of Security Analysts that the steel industry should have more incentive to expand. To offset the inflated cost of expansion, the Government, said he, should give preferential tax treatment to steel profits spent on plant expansion...
...estimated crowd of 35,000, turning out on what is slated to be the hottest October 17 in recent Cambridge history, should see the Crimson open up with every trick in the books in an effort to offset the Crusaders' 21 pound per man weight advantage...
Fumbled Ideology. Fischer proposes to offset Communism, not with capitalism, but with a kind of quasi-socialism which he describes as "mixed-economy planning." "When the government and private capital are both in industry there can be competition. . . . The democratic world cannot prosper unless the British Labor Government succeeds." At times Author Fischer fumbles all over the ideological map: "Farmland should be as free as air. It should not be bought or sold . . . equality of wealth would eradicate the power advantage now inherent in wealth.. . . Marx and Gandhi might make a fruitful combination." In his honest but disjointed eagerness...