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Word: offseting (lookup in dictionary) (lookup stats)
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...changes were: 1) The period in which capital gains are treated as 100% income and taxable at full income-tax rates will be shortened from 18 to six months (after which they will remain 50% taxable). 2) Capital losses in one year can be used to offset capital gains over a five-year period. 3) Capital losses may be deducted to the full amount of gains, plus $1,000. These simple changes should help thaw out the artificially frozen capital markets...

Author: /time Magazine | Title: Business & Finance: Capital-Gains Sense | 10/26/1942 | See Source »

...shortage is based on a possibility, a probability and a fact. The possibility is that Hitler may take the Iraq-Caucasian-Iranian oilfields, leaving the United Nations totally dependent on the Western Hemisphere for oil. The probability is that gasoline and fuel oil rationing will be more than offset by a huge rise in military oil consumption-as new armadas of U.S. planes take to the sky, as new armies of U.S. tanks take to the field, as the second-ocean Navy and the seven-seas merchant marine take to the water. The fact is that U.S. oilfields are being...

Author: /time Magazine | Title: OIL: Wildcat Fight | 10/19/1942 | See Source »

...alias during an extramarital holiday in a fashionable Southern hotel, greatly excites an inquisitive sociologist with a detecting bee and a great number of odd "contacts" in quite unscholarly circles. A profusion of red herrings delays the action slightly, but the learned sleuth's highly individual methods offset minor defects...

Author: /time Magazine | Title: Books: September Crime | 10/5/1942 | See Source »

Fresh Russian plane, tank and artillery forces were moved up to the front in an attempt to offset the weight of German numbers. Rested flyers, gunners and tank crews brought with them hope to the stubbornly retreating Red Army...

Author: /time Magazine | Title: World: For Stalin's City | 9/21/1942 | See Source »

Changed Hours. Meanwhile the stores jam through one operation change after another. To take care of war workers and extra-busy housewives, most stores stay open until 9 or 10 one or two nights a week. To offset the transportation pinch a Sears, Roebuck outlet in Sacramento started a free bus service-a sales-getting scheme used for years in outlying Brooklyn districts. And counter revolutions go on endlessly: jams & jellies on the toilet-goods counter; dinnerware in the outlawed electrical-goods department; blackout accessories on the once-busy hosiery counter...

Author: /time Magazine | Title: Boom Until Christmas | 9/21/1942 | See Source »

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