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Last updated on April 16, 2014 at 11:49 EDT

Latest Subsidies Stories

2012-03-12 12:15:00

WASHINGTON, March 12, 2012 /PRNewswire-USNewswire/ -- The European Commission today welcomes the WTO appeal ruling in the "Boeing case" which confirms that billions of dollars in US subsidies granted to Boeing are illegal under WTO rules. The WTO's Appellate Body rejected the US appeal and found that US Federal and State governments granted between US$5 and 6 billion WTO-incompatible subsidies to Boeing between 1989 and 2006. Subsidies to be granted after this date are estimated to be at...

2012-01-18 08:00:00

WASHINGTON, Jan. 18, 2012 /PRNewswire-USNewswire/ -- Despite the fact that many economic development deals fall short on job creation or other benefits, states are inconsistent in how they monitor, verify and enforce the terms of job subsidies. Many states fail to verify that companies receiving subsidies are meeting commitments, and many more have weak penalty policies for addressing non-compliance. These are the findings of Money-Back Guarantees for Taxpayers: Clawbacks and...

2012-01-17 14:23:00

Largest Study Ever on State Clawbacks and Related Safeguards WASHINGTON, Jan. 17, 2012 /PRNewswire-USNewswire/ -- Good Jobs First will issue Money-Back Guarantees for Taxpayers, a 50-states-plus D.C. study on January 18th. The study will grade major state economic development incentive programs on how well (or poorly) they enforce requirements relating to job creation, job quality (wage and benefit standards) and other performance measures. "With so many deals falling short on job...

2011-05-18 10:45:00

CHICAGO, May 18, 2011 /PRNewswire/ -- The World Trade Organization's Appellate Body today confirmed that Airbus received $18 billion in illegal "launch aid" and other subsidies from European governments. "This is a clear, final win for fair trade that will level the playing field for America's aerospace workers," said Jim McNerney, Boeing chairman, president and chief executive officer. "The WTO has concluded that launch aid and other illegal Airbus subsidies distorted the market,...

2010-12-20 15:41:46

Awards have an impact on Spanish movie productivity, since they increase internal and external distribution demand, but subsidies have no effect whatsoever on the productivity of the Spanish film industry. This is the conclusion of researchers at the University of Granada (UGR), who have studied the production of films in Spain. "Awards increase the amount of films produced by increasing productivity. In other words film industry workers and companies are more productive and efficient....

2010-07-30 08:07:00

SACRAMENTO, Calif., July 30 /PRNewswire/ -- The campaign supporting Prop. 21,the Nov. 2 ballot measure that will provide a stable and adequate funding source for state parks and beaches, has announced growing support from the entertainment industry due to the importance of state parks and beaches in halting runaway film production. Prop. 21 has received endorsements from film commissions stretching across the entire state, including the San Diego Film Commission, Sacramento Film...

2010-06-21 20:48:38

New research examines benefits of importing and exporting electricity A new research project at the University of Leicester is examining the problem of high electricity prices around the world. Kwanruetai Boonyasana, a PhD student in the Department of Economics, University of Leicester, is currently writing a thesis on "World Electricity Co-operation". She is examining how such co-operation may play a major role in redressing the problem of high electricity prices around the world. Her study...

2010-06-17 09:00:00

Earth Track Analysis Finds That Just Two of the Subsidies Add Another $1.3 Billion to $3 Billion in Tax Breaks Per Reactor; May Make It More Likely Taxpayers Will Face Downside Risk. Washington, June 17 /PRNewswire-USNewswire/ -- The nuclear industry could end up facing no risk under massive tax break subsidies in the Kerry-Lieberman climate bill, according to an important new analysis conducted for Friends of the Earth by the research organization Earth Track. These tax breaks totaling...

2009-11-09 10:09:00

Boeing Received Nearly $10 Billion Over Two Year Period WASHINGTON, Nov. 9 /PRNewswire-USNewswire/ -- The Export-Import Bank (Ex-Im)--the official government agency subsidizing U.S. exports of goods and services--provided nearly two-thirds of its long-term loan guarantees over the last two years to a single corporate entity, according to analysis released today by Pew's Subsidyscope project. In FY2007 and FY2008 combined, Ex-Im issued $15.3 billion in long-term loan guarantees. Of that...

2009-11-05 09:00:00

Market Refusal to Finance New Reactors Reflects Unacceptable Financial Risks That Should Not be Ignored by Lawmakers; Taxpayers and Ratepayers Beware: Loan Guarantees and Other Subsidies Will Not Turn 'Uneconomic' Reactors Into Sound Investments. WASHINGTON, Nov. 5 /PRNewswire-USNewswire/ -- If Congress and the states do not follow the lead of Wall Street in declining to underwrite financially "risky and uneconomic" new nuclear reactors, the resulting taxpayer-backed loan guarantees and...