Word: offsets
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...Bureau of Census has just confirmed what many Americans already suspected: 1974 was not a very good year. While the median income of U.S. families rose to $12,840 in 1974-a 7% increase over the previous year-it was not enough to offset the 11% jump in prices, the bureau's new report says. Worse, another 1.3 million Americans slipped below the poverty level (e.g., $5,038 for a nonfarm family of four), though the poverty line itself was raised to reflect inflation. By the bureau's figures, the increase brought the total of officially defined poor...
...first quarter of 1975, 8,568 wells were drilled, 22% more than during the same quarter in 1974; yet production has shown only a minuscule rise. Although increased drilling has added new oil to the nation's supply, it has not done so fast enough to offset the drain on total proven reserves caused by pumping from old fields (see chart...
...Service trades account for an increasing share of sales and jobs?54% of all employment in the U.S.?and it is tough for service businesses to offset wage increases by improving productivity. So they keep on raising prices...
...signature when Brezhnev visits Washington later this year. A new treaty will supersede the 1972 SALT I accord, which temporarily froze the total number of strategic missiles but gave the Soviets an advantage in the absolute number of missiles. That agreement was made, despite strong Pentagon opposition, to offset the commanding MIRV lead the U.S. then enjoyed. SALT II will, among other things, limit the U.S. and U.S.S.R. to one anti-ballistic missile site each, instead of the two ABMs permitted by SALT...
Tactically, the most important American units in South Korea may be the U.S. Air Force units; their supersonic F-4 Phantom fighter-bombers are needed to offset the 3-to-1 superiority in air power that the North boasts over the South. Other key U.S. units provide antiaircraft and surface-to-surface missile support, and field engineering, trucking and logistics battalions...