Word: offsets
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...union regards the three-month paid holiday as one answer to automation. McDonald figures that senior employees going on long vacations will create up to 25,000 new jobs for people who will have to fill in for them. Even at that, the union will not wholly offset job losses in the steel industry. Steel is automating so fast that in March, with 25,000 fewer workers, it turned out nearly a million more tons of steel than it did last year...
...wait and see how much they hurt and how disheartening the hurt would turn out to be. Considering the continuing U.S. deficit in international payments, there could conceivably be a benefit in having at least a few U.S. dollars turned back at the border. Yet that effect might be offset by the new sales tax on building materials, which could seriously hinder U.S. export sales to Canada...
...pocket." "All those parties," noted U.N. Ambassador Adlai E. Stevenson, 63, can be an awful drag on serious-minded diplomats. But since that is the way diplomacy goes, he told a House Foreign Affairs subcommittee that U.S. delegates in Manhattan need an extra housing allowance to offset entertainment expenses. Whereupon Republican Representative H. R. Gross of Iowa confronted Stevenson with a Satevepost article called "This is the U.N. at Play." One section dealt with "ladies of the corridor, fluffing their hair and painting their mouths" in a vice-ridden Tower of Babble where anything goes. Stevenson balked at the reference...
...Playboy of the Western World. Torrents of gorgeous Irish talk, miles of fine Irish scenery, and some splendid acting almost offset the main flaw in this film version of Synge's play: Siobhan McKenna should not still be playing colleens...
...first deficit budget since 1947, but instead of glittering, across-the-board tax cuts that Britons had expected, Maudling trimmed income taxes by a moderate $700 million, targeted his cut to benefit the lowest income families-an aim that could only draw praise from the opposition. To help offset the cost, he announced his intention of taxing the vast, largely untapped fortunes ($2.3 billion in 1962) that Britons lavish on gambling each year...