Word: offsets
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...Gaulle played subtly on Adenauer's growing fear that the U.S. will eventually withdraw from Europe. De Gaulle argued powerfully that U.S. disengagement would be more than offset by the new Europe spearheaded by France and Germany, which would be an equal partner with the U.S. in the West, and eventually, he prophesied, a "third force" capable of coming to terms with a mellowed Soviet Union. As a first, institutionalized step toward this third force. De Gaulle called for "organic cooperation" between the French and German armies-a thinly veiled bid for West German financial and technical assistance...
...causes housing experts little anxiety, they do worry about the abundance of new mortgage money from commercial banks. When the Federal Reserve allowed commercial banks to raise interest payments on savings accounts to 4% last January, the banks began pumping money into FHA-insured home loans to offset their own increased costs. In the elbowing for new business, there is a danger that the banks will sign up an increasing percentage of bad mortgage risks. Confides a leading West Coast banker: "Again and again I have to tell my branch managers that I would rather have a soundly conceived mortgage...
...trees, coming into full production in the mid-50s overloaded the market, and coffee fell to $75 a bag in 1955. Coffee-producing nations, most of which depend almost entirely on coffee exports to earn foreign exchange, tried to offset the price drop by increasing production. The result was even further drops in price...
...from the Old Guard last month. In 1960 Grenier spearheaded the Nixon effort in Birmingham, takes pleasure in the fact that the Republican Presidential candidate got 60% of the vote. Since taking over the state chairmanship, Grenier has opened a full-time headquarters, complete with staff, Addressograph machines, multilith offset printing presses, and a $150,000 budget. Says Grenier: "The young people were sick and tired of the one-party system in the South. It was just ridiculous, and the old people wouldn't change it. We can win. We've got a product and a sales force...
...drain caused by military expenditures abroad-which have totaled $29 billion since World War II-could probably be cut back without damaging the military posture of the free world. The U.S. has already persuaded Germany to offset the dollar cost of U.S. troops stationed there (about $600 million a year) by buying an equivalent amount of arms in the U.S.; more pressure might produce similar arrangements with other nations. Some feel that the U.S. military abroad should be supplied directly from the U.S. on a larger scale...