Word: offseting
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Bulk of the charges were made by representatives of Economic Stabilizer James F. Byrnes and Price Administrator Prentiss M. Brown, who have petitioned ICC to wipe out railroad rate increases made early in 1942 to meet mounting labor costs. These increases in costs were more than offset by the big increase in railroad operations which resulted in spreading overhead and raising profits. The rates, according to OPA, are now endangering many a price ceiling, and are resulting in wholly unjustified profits...
...only potential. The Japanese merchant marine on Dec. 7, 1941 amounted to about 6,000,000 gross tons. Since then the Allies have sunk 170 Japanese bottoms, probably sunk 18, damaged 80. Altogether about 1,250,000 tons have been destroyed. But these sinkings have been largely offset by Jap seizures, requisitions and purchases-such as the huge coastwise fleets of British firms in China, Jardine, Matheson & Co. and Butterfield & Swire. Old ships which have had to be broken up have probably been at least partly replaced. New production, now somewhat under 500,000 tons a year, is increasing gradually...
...Credit. Results came fast: a sharp cut in gunsight building time, praise from the Navy and millions of dollars in orders for torpedo directors (1,000 parts, superfine machining), gyroscopic contraptions to offset warship roll, other precision instruments. Meanwhile General Mills put at least one super-secret device into production behind locked and guarded doors -a gadget to smoke-screen an entire city in seconds...
...Continent two hard blows: 1) it took seven of the line's nine civilian planes; 2) it sent dynamic Tom Ryan to Australia as an Air Corps major. Only offset was a military route from St. Louis to Wright Field. Thus when Croil Hunter dangled his merger proposal, Mid-Continent grabbed at the chance...
High up in the thin, cold air of the Bolivian Andes, shrewd Mestizo Simón I. Patiño built for himself and his family an empire of tin. It was founded on the peon labor of mountain Indians whose lowly wage offset the high cost of transporting Patiño's ores to world markets. The mines Patiño developed from the original holding he acquired from a debt-ridden Portuguese made him one of the richest men in the world. But last week the manner in which he got his wealth returned, to plague...