Word: offsets
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...been a radical cutback of investment in Latin America at a time when the Kennedy Administration urges an Alliance for Progress in the two continents. Where their net investment averaged $300 million a year during the 1950s, U.S. companies last year withdrew from Latin America enough money to offset all new U.S. investment there...
...leader's approach won the miners' support. With a minimum of furor, Robens has closed 50 marginal mines in northern England and Scotland, moved many of the displaced workers to expanding mines in the Midlands. A 4% raise in miners' wages last year was more than offset by an 8% increase in productivity; today the output per man in British mines is the highest in Europe...
Only some $5 billion of this tax loss would be offset by the rest of the package. Various closing of tax loopholes and corrections of inequities, which Kennedy did not spell out, would recover $3.5 billion. A shift in the timing of corporate tax payments would yield another $1.5 billion-at least in bookkeeping terms...
...real trouble seems to be that the U.S. economy is no longer growing very fast. If the U.S. could increase the productivity of U.S. workers by gross national product from 2% to the Common Market average of about 6%, the number of new jobs created would more than offset the effects of automation...
...moment, the European auto industry could hardly be healthier. Since 1953, its sales have been rising at an average 16.8% annually; last year a decline in exports to the U.S. was more than offset by rising sales within the Market itself. Thus encouraged, nearly all Europe's automakers plan to expand. Ford is building a huge auto assembly plant in Belgium; General Motors' Opel is opening a new factory in the Ruhr; Alfa Romeo intends to hike its output from 300 to 400 autos a day by next year...