Word: offsets
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...that the program will succeed. While businessmen have gone along with the President's plan, a number of them point out that the payments gap is caused neither by trade, which brought in a $6.7 billion payments surplus last year, nor by private investment, which was nearly offset by profits brought back home. The main burden on the dollar is the Government's $6.9 billion in foreign spending, and the biggest part of that is its $4.8 billion a year foreign-aid outlay. Businessmen like Watson argue that the world's money system should be reformed...
...more banks than dentists. There are, in all, 4,200 banking outlets, or one for every 1,300 people. The banks earned $295 million last year, nearly as much as the tourist industry, and attracted $568 million in foreign capital-on which the nation has long depended to offset its persistently large trade deficit...
...dinner? According to Sidney Captain, Republican finance chairman in Baltimore County, Md., and one of the G.O.P.'s most experienced banqueteers, the answer is beef, booze and "hostesses-make them slender and pretty." How to make a form letter appear to be personally signed? Well, there is an offset process that produces smudgeable signatures that look exactly as if they had been written in blue...
...Richfield and Standard of California together scooped off the remaining 10%, including one sector on which they will turn back an unprecedented 100%. The oil companies, which normally pay royalties that range around 50% on the crude that they pump from the ground, will make the money to offset the high royalty payments through profits on the sale of refined products. They will also retrieve development costs before paying the royalties and, since many of their refineries are practically within sight of the field, save on transportation...
...American edition, to Montreal for the Canadian edition, and to Paris, Tokyo, Melbourne and now Auckland for our other regional editions. By Monday noon in Paris, Tuesday noon (one day later because of the international date line) Down Under, Tuesday night in Tokyo, the film has been transformed into offset printing plates...