Word: offsets
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...constitution that will ultimately bring the country at least a semblance of parliamentary democracy, also decreed that strikes were no longer illegal provided that they were called exclusively for economic reasons. Taking him at his word, Spanish workers have struck a number of times for higher wages to offset Spain's rising cost of living. But politics also clearly played a role in last week's disturbances. Clandestine Communist labor leaders wanted to demonstrate their considerable power among Spanish workers. So far, police have kept the disturbances well under control, and students calmed down so quickly after classes...
Jostling. The social-security increase, to begin July 1 and pump out $4.1 billion in the first year, would be financed for the first six months by the existing trust-fund surplus. Before higher payroll taxes go into effect next January, the expansionary effect on the economy would be offset by the income tax surcharge-if that is enacted. Both Republican and Democratic leaders in Congress favor some increase in social security, but the size of the President's proposal-translated into higher costs...
...feel that now is the time to undertake a major re-evaluation of Combined Charities," said Maisel. "Our total gifts and percentage of givers have become progressively smaller during the past three years. Although the average gift was raised considerably during this drive, we could not offset the drop in percentage of donors; our total feel short of our mark...
...book and a long-playing record album-both entitled Keep the Faith, Baby-would be used belatedly to pay off his longstanding $164,000 libel judgment against a Harlem widow. As far as his House colleagues are concerned, however, any attempt by Powell to cleanse his past may be offset by his verbiage on the recording. Assailing his congressional opponents as "Judases" and "hypocrites," Powell compares his fate to Caesar's, at one point cries: "Et tu, Brute?" Even for Manny Celler's committee, such histrionics may be hard to take...
...newspaper profits rose 29%, while editorial costs jumped 98% and production wages soared 130%. During this period, only seven papers succeeded in increasing their revenues more than their costs. Average circulation fell 6%, which was an indication that the rise in population is not enough to offset the "decreasing interest in buying newspapers...