Latest Subsidies Stories
Group of 20 leaders in Pittsburgh has agreed in principal to phase out oil subsidies, while giving no deadline for doing so, a group statement said. In a communique, national leaders Friday agreed to a November deadline to come up with a range of possible options for funding climate change mitigation efforts, but it did not come up with a concrete deadline to begin funding, The Wall Street Journal reported. The directive concerning subsidies is to phase out programs over the medium term,...
The European Union's mammoth farm subsidy program has become sprawling and unfocused, agricultural economists said. The $71 billion program that now subsidizes rural development and exports, also includes funding for landowners, meaning the wealthiest Europeans receive bigger subsidy checks than small farmers, The New York Times reported Friday. A small farmer might receive a $600 subsidy, while the Queen of England last year qualified for $778,812 in subsidies to offset costs of running a...
WASHINGTON, June 17 /PRNewswire-USNewswire/ -- The U.S. Coalition for Fair Lumber Imports is deeply troubled by the Canadian federal government's announcement today of a $1-billion tax-payer funded subsidy program for the country's forest products industry.
COLLEGE PARK, Md., April 23 /PRNewswire-USNewswire/ -- As the Obama administration has sought to cut farm subsidies for next year's budget they have encountered strong resistance, especially in farm states.
European governments compromised on new farm subsidy rules but a British official said the changes didn't go far enough. I regret what has been conceded in order to secure a deal which will lead to some new distortions in the short term, British Environment Secretary Hilary Benn said, the International Herald Tribune reported Friday. Critics said the compromise would only slightly shift the older subsidy set up that costs $53.9 billion a year, 40 percent of the European Union's $125 billion...
Text of unattributed report headlined "Commerce minister requests closed Majlis session to discuss inflation" published by Iranian newspaper Siyasat-e Ruz on 8 September The minister of commerce requested the Majlis presidium to hold a closed session where he can explain and describe the factors causing price hike and inflation.
Jim Dickrell Perhaps the most under-reported story of the week last week was the collapse of the Doha Round of the World Trade Organization in Geneva.
It is not too surprising that oil prices in the United States have retreated from the lofty highs of more than $140 a barrel reached in July. Energy consumption is falling across the industrial world. Americans, the world's most avid gas guzzlers, finally responded to higher prices.
By Victor Davis Hanson The latest round of global agricultural trade negotiations that began seven years ago in Doha, Qatar, collapsed in acrimony this week in Geneva.
Sweden's opposition, the Social Democratic Party has proposed SEK20 million in subsidies to ensure the survival of small-format petrol stations in rural areas of the country, according to the Esmerk Swedish News.
- A trick or prank.