Word: offsets
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Dates: during 1960-1969
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Ever since Britain diffidently began knocking at the door, the six nations of Europe's booming Common Market have found themselves at slight odds. Eager to have Britain in to offset French-German hegemony in the market, the three Benelux nations have tried to slow the pace of togetherness. France's Charles de Gaulle, who dreams of using the Common Market to Gallicize Europe, has tried to force the pace to discourage Britain. A "political" summit meeting of the heads of state of the Six, scheduled last spring, was called off because of all the intramural squabbling...
...have no antiballistic missiles as a defense to offset this superiority in offense...
...part at least, the U.S. was likely to get its way. Hong Kong textile makers, who have upped their U.S. exports just about enough to offset the effect of the voluntary quotas accepted by Japan four years ago, were vocally indignant at a Washington demand that they cut their shipments to the U.S. by 30%. But most Asian producers would almost surely accept voluntary quotas rather than risk provoking the U.S. to formal tariff discrimination against them. As for the textile-importing nations, all the participants in last week's Washington conference tentatively endorsed the U.S. plan, presumably will...
...Gracious living as Radcliffe now defines it has fallen from favor. Many a Faculty member shuns the Quad at mealtimes, remembering the night he sat transfixed by eight pairs of blank eyes while the girl on his left politely inquired what courses he was teaching this term. Unable to offset the institutional formality, most 'Cliffies would like to abolish it altogether. Once again the sanctioned motive for revision is the desire to entice the Faculty up to Radcliffe. Many 'Cliffies, however, admit private reservations about emulating the free-wheeling discussions they imagine typical of the Harvard Houses...
...have on average been quality improvements." By simply reporting that consumers pay more for goods, the C.P.I, fails to take into account that buyers often get better clothes or more complex cars for their money. Many other economists, including Harvard's Seymour Harris, agree that quality improvements may offset many of the higher prices reported in the index. If the C.P.I.'s upward bias had been corrected properly, Yale's Richard Ruggles told the committee, the index would actually have shown a net decline in the cost of living of 1% or 2% a year over...