Word: offseting
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...Last week the report for 1937 was filed and the public's annual guessing game got under way. Majority guess: Although Ford produced 1,314,369 cars & trucks (10% more than in 1936), profit & loss surplus increased only $5,419,264 (72% less than the 1936 increase); this, offset by a sharp $8,514,335 dip in reserves, indicated that in 1937 Ford Motor Co. (not considering possible dividend payments) lost $3,095,071, compared to a $26,426,698 profit the year before...
...Since then the circulation of the Catholic Worker has mounted to 125,000. Last week the paper called for volunteers to distribute copies in Union Square May i, under the patronage of the Blessed Virgin, "to bring to those taking part in these demonstrations some measure of light to offset their materialist idealism." The editors confessed they had only 92? in the bank, issued one of their periodic appeals for funds. Subscribing themselves "Lovingly and confidently yours in Christ the Worker," they wrote: "We have reached rock bottom, we have piled up bills these many weeks. So we beg your...
Today's program is nicely balanced, with Paul Muni's admirable interpretation of "The Story of Louis Pastcur" offset by Claudett Colbert and Melvyn Douglas in "She Married Her Boss." Tomorrow, however, they are abandoning the old name of "review day" in favor of "Romance Day," bringing to the screen Stokowski in "100 Men and a Girl" and Garbo in "Anna Karenina." This idylic couple, last heard from on the Isle of Capri, got widely diverging reactions from the local public. The big Swede left Harvard hearts cold, but the stoical Stokowski received such an overwhelming Radcliffe vote that...
...upstate New York and Pennsylvania. Cold blast furnaces drove trade in the Pittsburgh region down 19%. In the furniture manufacturing area near Albany, citizens felt the dearth of new furniture buying and due to that and other causes trade fell 15%. Florida's dwindling tourist influx was offset by a flock of new paper mills to keep the decline to 18%. Birmingham coal and iron mines were less active. Cotton mills in Georgia and the Carolinas, which were working overtime year ago, were generally on part time. In Southern California the 13% slump was largely explained by dwindling cinema...
Next day, when a vote was finally taken, Mr. Wheeler's canny amendment was beaten by an even smaller vote than its predecessor-43-to-39. By this time, however, to offset its dwindling majority, the Administration bloc had found a new trump card in the form of charges that a good part of the pressure against the bill had been generated by a high-powered lobby financed by Publisher Frank Gannett. Convening his Lobby Investigation Committee for the first time since he succeeded Hugo Black as its chairman, Indiana's Sherman Minton quickly produced a Dr. Edward...