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We leave our 2040p target price unchanged as we believe that the higher royalties are largely offset by stronger prices.
Admittedly, the new liabilities are largely offset by new assets: equity stakes, the loan books of nationalised banks and so forth.
But while these typically provide quite strong incentives to work a set number of hours (for example 16 hours for parents), they have been latched on to the existing system, which creates complexity and disincentives to work as extra earnings are largely offset by withdrawal of benefits and tax incurred.
This means that any gains in asset values are largely offset by corresponding increases in liabilities.
The extra costs of complex well architectures compared to the cost of standard wells are largely offset by the relative benefits of increasing doublet hydraulic performance.
Unfortunately, in three-dimensional space, the setting of interest for most practical applications, the advantages of this method are largely offset by a new problem: the high dimension of phase space.
Similar(44)
But the burden for large corporations will probably remain unchanged, since proposed corporate tax cuts will be largely offset by levies imposed to help finance a job-creation plan that reduced the workweek to 35 hours from 40.
But the increases in those areas and others would be largely offset by cutbacks elsewhere.
The tough market in Europe and Latin America was largely offset by strong performances in China and northern Asia.
Yet the BrailleNote's convenience was largely offset by its clunky size (nearly 10 inches long).
Motorola added that the charges were "largely offset" by the sale of securities.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com