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Latest Subsidies Stories

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2009-09-25 15:01:58

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,...

2009-07-17 08:06:16

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...

2009-06-17 13:52:00

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. The Coalition will closely examine this new subsidy plan, and is disappointed that Canada chose a path that may harm the U.S. softwood lumber industry and workers instead of addressing their grievance through the appropriate trade...

2009-04-22 23:01:00

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. However a new WorldPublicOpinion.org poll finds that the American public, including in farm states, would favor eliminating most farm subsidies. Eighty percent of U.S. subsidies go to large farming businesses, however only 36 percent of Americans favor such subsidies while 61 percent...

2008-11-21 14:40:17

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...

2008-09-14 09:00:25

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. Mas'ud Mir-Kazemi appeared on the Majlis floor in an open session to answer Tehran MPs Elyas Naderan, Parviz Soruri and Alireza Zakani on the price rise in...

2008-08-05 09:00:40

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. After almost seven years of negotiations, talks fell apart over arcane "safeguards" for advanced developing countries like India and China. If the U.S. and other pro-trade countries would have acquiesced on this point, China might have been free to raise tariffs when it felt threatened. (China has...

2008-08-03 12:00:29

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. They drove about 10 billion miles less in May than they did in the same month last year. They are trading in their SUVs for more sensible vehicles. As oil prices rose by two-thirds, American oil consumption fell...

2008-08-03 12:00:23

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. While India and China are getting the blame for refusing to reduce import tariffs and farm subsidies, you can assume that trade officials in Europe and the United States are breathing a sigh of relief that they aren't going to have to limit their own protectionism. Nothing new here. Nor is it a staggering blow to world...

2008-07-22 09:01:05

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. The news source reported that local and regional bodies are expected to decide on which petrol stations will receive the subsidies to guarantee the survival of other services, such as the Apoteket pharmacies and Systembolaget outlets.


Word of the Day
malpais
  • The ragged surface of a lava-flow.
'Malpais' translates from Spanish as 'bad land.'