Word: offsetting
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This good news was somewhat offset by a report that the country's index of leading economic indicators rose a disappointing one-tenth of 1% in April, suggesting that no boom is in the offing. The 11 indicators, which include data on consumer expectations and plant and equipment orders, had dropped dramatically the month before...
...blind eye to his chief of staff flying military jets to private appointments, and closing the waters off Kennebunkport, Maine, while he pounded through the surf in his cigarette boat. Ronald Reagan could pull off the common touches as only a B-movie actor could, but his wife offset those by ordering a set of hand-painted china inscribed NANCY and a closetful of unpaid-for designer creations. Nixon dressed up the White House guards like something out of a Sigmund Romberg operetta...
Like any sales taxes, VATs are said to be "regressive" because they fall more heavily on middle-class and poor people, who spend most of their earnings on goods, than on the rich. Some countries have partially offset this tendency by exempting the essentials -- food, health and housing -- from VATs. Clinton communications director George Stephanopoulos was disinclined to get into that sort of detail on a topic so vulnerable to bipartisan attack. Instead he chose vigorous and decisive obfuscation. "If a decision is made to go forward with something like that, it's certainly something the President will explain...
...labor groups who fear the flight of manufacturing jobs to Mexico are understandably disconcerted at the prospect of further unemployment. Indeed the number of jobs projected as being lost approach a quarter of a million. The gains in American auto parts, computers and industrial machinery, however, should more than offset losses in other sectors. It will be a difficult adjustment for the affected sectors, but this should be a particularly opportune time for the administration to implement a strategy for upgrading factors of production. Surely a palatable political solution can be reached...
...last ten years, which means that even fewer well-qualified Black faculty members are available to augment Harvard's faculty ranks than before. From 1977 to 1986, the number of Ph.D.'s awarded annually to Black males dropped by more than half, a decline that was only slightly offset by a 15 percent increase in the number of doctorates awarded to Black women. And according to the National Science Foundation, in 1987 Blacks earned only 222, or 1.8 percent, of the 12,480 doctorates awarded to U.S. citizens in graduate science and engineering. The number of Hispanic science doctorates remain...