Word: offsets
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Some of the looters were taking a methodical revenge upon the area's white merchants, whose comparatively high prices, often escalated to offset losses by theft and the cost of extra-high insurance premiums, irk the residents of slum neighborhoods. Most of the stores pillaged and destroyed were groceries, supermarkets and furniture stores; of Detroit's 630 liquor stores, 250 were looted. Many drunks careened down Twelfth Street consuming their swag. Negro merchants scrawled "Soul Brother"-and in one case, "Sold Brother" -on their windows to warn the mobs off. But many of their stores were ravaged nonetheless...
...would mean a raise of about $40 a month, or roughly $500 a year. Small as the sum is, he says, it should be enough to "sharply reduce the number of Negro families living in poverty." Cost: about $9 billion a year, at least part of which would be offset by reduced welfare costs...
...consequence, the Marines have positioned themselves in the one arena where Hanoi at times can offset the overwhelming U.S. superiority in air-power and firepower that makes the difference in any other battle farther south. It is still hideously expensive for the Communists in terms of their own dead, but from Hanoi's point of view it is also a war of attrition against the Marines. "It isn't great sport any more," says a Marine veteran. "You know-a 7-to-l ratio of Communist casualties to the U.S.'s. It is now about...
...Factory orders advanced by a sharp 4.1% in May in what the Commerce Department called "the first significant improvement since the first of the year." The more cautious-or pessimistic-analysts feel that these forces may do no more than offset such drags on the economy as declining plant-and-equipment spending and inventory liquidation. They figure that the economy has lost too much momentum to rebound strongly any time soon. Many other economists consider that the consumers' renewed appetite could turn things around quite quickly. So far this year, consumers have been paying off old bills and pouring...
Nonseasonal Pattern. Heineman's aim, like that of other progressive railroaders, is to diversify away from an essentially cyclical and undependable base. "We want to offset the weaknesses of the railroad," he says, "with the strength of other companies. In many respects, they're close to the consumer, while the railroad is not. And they operate on a nonseasonal pattern." Last winter, for instance, the normally profitable C. & N.W. suffered so much from wind and weather that it reported a $ 1,400,000 first-quarter loss on rail operations. But as the result of an earlier acquisition...