Word: offsets
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...paper made to his specifications at the Mead Paper Co. in Kingsport, Tenn., and flew down to make sure of the quality. Engravings were made in New York by Len Perskie. Then Phillips was off to Detroit to oversee the reproduction by the Safran Printing Co., which used an offset press to give finer detail. To Phillips, it is all part of the week's work, but there can be nothing casual about careful color reproduction...
...Chinese (it has only 230,000 Malays) would overturn the present Malay majority within the federation. Abdul Rahman's long-range solution is to widen the federation to include the British-run territories of Sarawak, Brunei and North Borneo, whose predominantly non-Chinese populations would offset Singapore's Chinese, many of whom are openly proCommunist. But Lee, who has lost two by-elections in recent months, fortnight ago rushed to Kuala Lumpur to argue that his situation was deteriorating, and he cannot afford to wait until the Borneo territories make up their minds. Lee Kuan Yew returned...
Explosion in View. Optimists in rebuttal argue that the soft spots are temporary and offset by other factors. Since January, the average factory work week has been increasing-historically a tip-off that increased hiring is at hand. The decline in consumer spending and home building is more than made up for by increased Government spending and the rise in industrial construction. Other cheerful signs...
Productive Proof. Unlike U.S. businessmen, foreign industrialists generally do not see automation primarily as a means of beating labor costs. In Japan the incentives are to offset a lack of skills that makes quality control difficult or to compensate for the high cost of imported raw materials. European firms are often spurred on by labor shortages to find means of increasing production without additional manpower. Nonetheless, the net effect in both Europe and Asia is a labor saving that shows up in productivity gains that, in most cases, outstrip the U.S. rate of increase. While U.S. manufacturing productivity has risen...
...both the development and widespread application of automation. (Against 12,000 computers in action in the U.S.. Britain has only 600.) Most foreign industrialists concede that the U.S. will probably stay ahead for years to come, but doubt that the U.S. lead will be big enough to offset the combination of foreign automation and lower foreign wages. As consolation, some foreign businessmen argue that high labor costs alone will not necessarily make U.S. exports noncompetitive. Says British Industrial Consultant L. Lamdon Goodman: "Price isn't everything. Quality, design, prestige and timing of new products are equally important...