Word: offsets
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...that may cause an abrupt contraction on some less lucky tomorrow. As usual, some of the worst victims of inflation were the poor, who had to pay more for everything and lacked either the resources or the sophistication to invest in property or paper with a rising value to offset price increases. Clearly, one of Richard Nixon's first priorities must be to slow the inflation without starting a recession, whose first victims would also be Amer ica's poor. Economist Arthur Burns, one of Nixon's most influential advisers, warns: "If inflation continues, an economic bust...
Action Democrdtica's good works for the country were offset by party infighting. Miffed because he was denied the presidential nomination, Party President Luis Beltran Prieto Figueroa stomped out to form his own slate. Last week Prieto had received more than 600,000 votes, many of which would have gone to Barrios if Prieto had not also run, and almost certainly would have changed the outcome...
...bottom" by University phrasemakers), the Faculty of Arts and Sciences, like each other department of the University, must balance its own budget. It may borrow from the University if it runs short one year, but whatever it borrows it must pay back. Long-term expenses, therefore, must be offset by tuition increases for each individual Faculty in order to keep the bottoms under the tubs...
Prudent Exercise. There is, of course, some suspicion that Tito is overdramatizing the Soviet threat in the hope of obtaining more Western economic aid to offset his increased defense expenditures. Most Western military men regard the possibility of an attack on Yugoslavia as unlikely for two reasons: 1) Yugoslavia is not geographically vital, as is Czechoslovakia, to the Soviets' defense system, and 2) the Yugoslavs, unlike the Czechoslovaks, are obviously determined to go down shooting. At present, there are no signs of Soviet preparations for an invasion, and winter snows will soon give Tito at least a few months...
...factors have influenced the current revival of European investment in the U.S.-and not the least is American encouragement. European businessmen can find a California-development office in Frankfurt or go to Brussels to see representatives from Illinois, Ohio and New York. As part of its program to help offset the continuing outflow of U.S. dollars by increasing foreign investment, the Commerce Department last spring set up an office in Paris...