Word: offseting
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...effect, the U.S. has already supplied dollars to offset invasion currency, although there is no guarantee that it will be used for redemption. In view of this, skeptical money men last week wondered: would the U.S. eventually have to make good, in the same manner, on the millions of dollars in invasion marks now being spent in Germany...
...exaggerated. The Germans used it ... and it was spread among our friends as well as among our enemies. The U.S. Senate was told that between 15,000 and 18,000 Canadian troops had thrown their rifles overboard. The damage was irreparable. We are doing what we can to offset it by repeating the denial and even releasing particulars of the one poor offender's court-martial and sentence, * but we cannot hope that this will counteract the further wanton damage done to our country...
...than a year now we have been making plans to print in Manila as soon as General MacArthur fought his way back. In fact, as long ago as last September, on the chance that we might find the Japs had destroyed all existing printing equipment, we bought a complete offset printing plant-cameras, presses, folders, stitchers and scores of other big & little items-all boxed for shipment to print TIME and anything else General MacArthur or the Philippines Government might want. We even lined up a reserve crew of plate-makers, pressmen and binders in California, ready to shove...
...started south from Lingayen we began flying plastic printing plates and photographic positives of each week's Pony Edition to Luzon in the hope that some prewar presses would be found intact there (plates in case we found letter presses still available, positives if we found presses for offset lithography still standing...
Steel. To help offset the boost in wages granted in December to steel workers, steel producers were allowed to make another increase in their prices. Last week OPA approved a price rise of $1 a ton for pig iron. In theory, this $60-odd million markup was simply a bookkeeping transaction; most steel companies make their own pig iron, thus will bill themselves for the added cost. But in good bookkeeping practice, this big hike in the cost of steels' raw material must be translated into higher costs of the finished product...