Word: offseting
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...much did the 113-day strike cost General Motors Corp.? Last week G.M.'s Alfred P. Sloan Jr. intoned the sad answer: an operating loss of $88.9 million. G.M. figured that $53 million would be offset by tax recoveries from the Federal Government, under the carry-back provision of the excess-profits tax. (But the amount may be reduced if G.M. shows a substantial profit for the full year.) Thus, G.M.'s net loss for the first quarter, the reddest report seen since depression days, was $36 million v. a 1945 first-quarter profit of $50 million. Nevertheless...
...chronicle of these events called F.Y.I, (meaning For Your Information, as distinct from For Publication) arrives weekly at the desk of everybody in TIME Inc. It is an informal, six-page, single-spaced, photo-offset bulletin put out without benefit of slick paper or inspirational messages from the officers of this corporation...
Stanton's ten vice presidents (average age, 45) agree with him and Paley that CBS must concentrate on news, drama, public service programs and music to offset NBC's stranglehold on comedy. Last week, two new V.P.s-39-year-old Davidson Taylor and 41-year-old Edward R. Murrow-took over programming completely after Vice President Douglas Coulter "resigned...
Harold Laski, British Labor's international problem child, got hit by another spitball, but went right on reciting. Conservative M.P. Cyril Osborne urged Parliament to send beefy Ernest Bevin to the U.S. to offset waspish Laski's influence. Declared Osborne: let the Government "keep some of their wandering minstrels from the London School of Economics at home." Minstrel Laski's proposal of the week: let the U.S. relax international tension right now by destroying its atomic bomb stockpile...
Most of the d'Alverys and their neighbors accept the gentle conventions with which societies strong in tradition try to offset the ravages of change and chance. Their culture is Creole and Catholic. It is also wise in the sense that it is humane and orderly. It enables them (and the readers of The River Road) to accept with equanimity the fact that their quiet lives are as full of scandalous skeletons as the snake-infested plantation burial grounds...