Word: offsets
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U.A.W. SALARY CUTS are on way to offset current $200,000 monthly deficit caused by auto layoffs. Salaries of President Walter Reuther ($22,000) and 24 other executives will be slashed 10% ; some 100 staffers will be laid off. Big worry: U.A.W. now has $24 million in strike fund, far short of $50 million goal set for early June, when auto contracts will have expired...
Until last weekend's Army game, The Crimson batting attack had been rather feeble, with only a 20-run barrage against a flock of nothing-pitchers from Brandeis to offset several other singularly unproductive efforts. But against the highly-regarded Cadets, the varsity hitters showed new signs of life in pounding out 12 safties, good for a 9-5 victory...
...first rule for any growing economy, said President Allen, is a stable overall price structure based on supply and demand. "If prices are free to reflect changes in consumer demand, increases in some items will be offset by decreases in others. Few people seriously doubt that price stability is essential to economic growth. Yet there are those who infer that there is no connection between the two. One does not exist for long without the other. It is like asking whether the mother or the father is preferable in creating a family...
...Bourguiba's move. Foreign Minister Christian Pineau announced that France had offered to negotiate withdrawal of her forces from Tunisia, but only if Bourguiba ceased his "pressure and provocation." Declared Pineau grandiloquently: "France intends to defend her interests, and the Tunisian government must understand their sacred character." To offset Bourguiba's U.N. appeal, Pineau lodged a countercomplaint with the Security Council, charging, accurately enough, that Tunisia had permitted Algerian rebels to operate from Tunisian soil. Said Pineau: "We are the accusers...
Nuts & Jolts. In the Docking bid were such jolts as a 1? reduction in gasoline taxes (to be offset by a truck ton-mile tax), which pleased the oil companies, the railroads and plain, ordinary car owners; a 5% salary increase for state college and university teachers; slightly bigger corporation taxes, which outraged business but pleased Kansas' growing labor unions. Chuckles old Banker Docking: "This is one of those bankers' Machiavellian ideas. I dreamed up the gas tax-reduction plan all by myself, and later some of my people tried to talk me out of it. I said...