Word: offseting
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...exchange so as to keep the dollar hovering around the 59-cent level. Sometimes, however, an internal political situation, such as the fall of a ministry, may send the currency unit of a foreign country down, which is the same thing as forcing the dollar up. It is to offset these emergencies that the big equalization fund is to be employed...
Last week John Investor began to harvest his fourth and final crop of earnings statements for 1933. That it would be a better harvest than a year ago there was no doubt. But since an Old Deal first quarter and a poorish New Deal last quarter offset the spring and summer boom, the harvest was not as bountiful as John Investor had hoped. Some full year reports...
Next Lap, Three new things in the automobile world were visible on 1934's New Year's Day: 1) slightly higher prices for the lowest priced cars to offset, in part, the rising cost of automobile materials; 2) independent front wheel suspension ("knees")-old to Europe-to make cars of General Motors, Chrysler and others "easier riding"; 3) streamlining in a big way-Walter Chrysler's bid to claim the distinction that he made the buggy a bugaboo. A few years ago a 22-year-old graduate of the University of Texas named Byron Cecil Foy began...
...amalgamated departments. Third, Washington has now taken for granted that the President will ask Congress to continue the R.F.C. with added grants for its financing. This is a much neglected but very important sector of the Recovery program; on it devolves the responsibility for huge loans and expenditures to offset the paralysis of the private money markets. The R.F.C. may be a hangover from the wicked Hoover regime, but it has its points, nevertheless. CASTOR...
Star delegates of the Conference were silver-haired, sweetly reasonable U. S. Secretary of State Cordell Hull and Mexico's darkling, pugnacious Foreign Minister Puig Casauranc, high-powered salesman of the idea that there ought to be a Spanish American League of Nations to "offset" the Yankees and Canadians. Uruguayan Communists let Senor Casauranc alone-though Mexico does not recognize the Soviet Union-but strewed the path of the U. S. Secretary of State with leaflets reading "Down with Bandit Hull! Down with Yankee Imperialism...