Word: offsets
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...profit squeeze has become particularly acute in the past four years, during which weak consumer demand and Government policy have kept retail prices relatively stable, thus halting the price inflation. But cost inflation, which hits industry through rising labor and overhead costs, has not been stopped. If industry cannot offset higher costs with higher prices. Wall Street sees even slimmer profit margins in the long run. And since stock prices in the end reflect the profit potential of industry, some analysts argue that the market will inevitably have to go down if profit margins continue to narrow...
What of the widespread fears that deep cuts in U.S. tariffs would open up the U.S. to a deluge of cheap-labor imports? Labor Secretary Arthur J. Goldberg testified that the "displacement" of U.S. workers as a result of tariff cuts would be "small" and would be "more than offset by the number of jobs generated by an expanding export trade." And for companies and workers injured by increased imports, there would be "adjustment assistance" loans and technical help for companies, relief payments for laid-off workers (up to 65% of the average weekly manufacturing wage for as long...
...Offset Outset...
There's one thing your fine article on web offset [March 16] has done-taken the mystery out of the offset process. Our 19 newspapers are now changing over to offset. Since we have been working on the transition, one of our editors came up with a line describing the chaos when a paper changes over: "At the outset, there was an upset over the onset of offset." I think that describes what is going on in the newspaper business all over the country...
...Dunster House Committee has instructed its Council representative to ask the HCUA to conduct a study of rising costs in the University. The Committee wants the Council to see if "greater efficiency" rather than larger student term bills couldn't be used to offset the expanding University budget, especially in non-academic expenses...