Word: offsets
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...wages is an international complaint, but Britain's case is worse than most. No industrial nation in the 1950s had a slower growth of per capita output than Britain-20% for the decade; yet over the same period wages doubled. In West Germany, a comparable wage increase was offset by a 60% rise in productivity. In the face of rugged competition from the Common Market, these figures add up to serious trouble for Britain...
...nation's contractors, builders and manufacturers of retail products. Though few of them can be expected to pass on their savings to the consumer, many of them can well use the lower prices they are paying for materials to fatten skimpy profit margins or to help offset the upcreeping costs of research, transportation and labor. But it is not good news in the judgment of President Kennedy's favorite economist, Paul Samuelson of M.I.T. Says he: "If prices sag when we have high employment, full-capacity production and good profit margins-that's good. But if prices...
Munro indicated in practice this week that there may be a new offense in the making to offset this situation. "We've got to develop another scorer," he added, "to do well in the Ivy League...
...Israelis-or for that matter, Arabs and Arabs-rattling rockets at each other. But after a twelve-year limitation on major military aid to any Middle Eastern state, the U.S. broke the pattern by announcing that it would sell Israel a consignment of Hawk missiles. The professed reason: to offset Communist military aid to the Arab nations. Actually, the situation has not substantially changed since the 1960 pact between Nasser and the Soviet Union, which gave Egypt 60 Ilyushin jet bombers, several squadrons of new MIG-21 fighters and 500 T-54 tanks...
Necessary for a Crimson victory is a brilliant performance from Chris Ohiri. The Nigerian center forward has scored seven of the team's eight goals and may have to score frequently to offset a potent Williams offense...