Word: offsets
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...applications received in the same period last year. This reversal was due to a sharp drop in applications on houses already built. But applications for houses to be built ran only 15% ahead of last year against a margin of 68% enjoyed earlier in the year. To offset this, FHA this week made another reduction in the maximum interest rate-from 5% to 4½%. Reason: cutting the rate last year from 52% to 5% produced an immediate increase in building and New York City's new 4½% rate (introduced by Bowery Savings Bank) is continuing to bring...
...newsboy who belongs to the same religious order (Oblates of Mary Immaculate) as Quebec's Cardinal Villeneuve. To Father Roy, 50,000 Canadian Jocists, aged 14 to 25, look for spiritual inspiration. The mass marriage was his biggest effort to date in providing it. It would, he thought, offset "all the unfavorable publicity that marriage is getting in the world's divorce courts...
...offset motor gives greater traction to its left rear wheel which rolls on the unplowed land, not on the softer earth already plowed...
...offset this unpleasant fact Dr. Goebbels denounced "intellectuals" who "constantly nagged" the Nazi Government during the Czech crisis and asked: What would have happened had Neville Chamberlain not come to Munich? Dr. Goebbels roared: "I say he came because he had to come. He came because we had him so cornered that he was-to use a chess term-in check...
...getting its hands on the Czechs' $30,000,000, the Reich would receive enough gold to offset one or even two months' unfavorable trade balance...