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2009-09-21 23:01:00

President Barack Obama at a college near Albany, N.Y., assailed large banks for protecting a student loan subsidy Congress has voted to discontinue. The bill, which is headed to the Senate, would save $80 billion in federal subsidies given to banks each year to provide loans to students, Obama said. The thing is the government also guarantees the loans in case the students don't repay. So, we're subsidizing banks to take on the risk of lending money to students even though the taxpayers are...

2009-09-16 16:12:00

WASHINGTON, Sept. 16 /PRNewswire-USNewswire/ -- Senator Baucus' plan is a major contribution to the health care debate, as it would extend coverage to tens of millions of uninsured Americans and improve insurance for millions of Americans who already have coverage -- through reforms that deal with matters such as pre-existing conditions -- and do so while fully offsetting the costs, and beginning to slow the growth of health care spending. The plan does suffer, however, from two key...

2009-09-04 13:39:00

LUBBOCK, Texas, Sept. 4 /PRNewswire-USNewswire/ -- A recent subsidy increase for India's cotton farmers could drop world cotton prices by as much as 6 percent, according to a report from Texas Tech University's Cotton Economics Research Institute (CERI). U.S. farmers will see their prices slashed by an average 2.48 percent during the next five years, cutting into an industry that CERI Director Darren Hudson said pumps roughly $40 billion into the U.S. economy each year. While U.S....

2009-08-18 09:01:49

Unemployed Americans are signing up for COBRA healthcare benefits at twice the previous rate due to a federal subsidy, a private research group found. Since the federal government began subsidizing COBRA payments in February, 38 percent of eligible former workers have signed up for the program, Hewitt Associates said. Previous to the subsidy, which pays 65 percent of the premium, 19 percent were signing up, USA Today reported Tuesday. The Kaiser Family Foundation said the average family...

2009-08-05 13:57:00

WASHINGTON, Aug. 5 /PRNewswire-USNewswire/ -- Several new analyses confirm that, after over half a century of operation, nuclear power remains one of the most capital intensive, high-risk energy industries. Despite its checkered past, industry proponents have suggested that nuclear power could be a cost-effective solution in a carbon constrained world. In order to pay for the potential resurgence of nuclear power, several proposals to dramatically increase subsidies for the industry have...

2009-07-20 15:18:00

WASHINGTON, July 20 /PRNewswire-USNewswire/ -- Today, the U.S. International Trade Commission issued a unanimous finding that there is a reasonable indication of material injury to the U.S. industry producing wire decking caused by unfairly traded imports from China. The Commission's vote clears the first hurdle to the imposition of antidumping and countervailing duties on imports of wire decking from China. Domestic wire decking producers AWP Industries, ITC Manufacturing, J&L Wire...

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...

2009-07-15 17:12:00

WASHINGTON, July 15 /PRNewswire-USNewswire/ -- The major producers of commercial OEM tube in the United States today noted that imports of this copper product from China have been entering the United States in large volumes that appear to reflect dumping as well as Chinese governmental subsidization. U.S. producers manufacture commercial OEM tube for use in the OEM air conditioning market in the United States. Counsel to the domestic producers, David A. Hartquist of Kelly Drye & Warren...

2009-06-05 11:40:00

WASHINGTON, June 5 /PRNewswire-USNewswire/ -- Antidumping and countervailing duty petitions were filed today by U.S. producers of wire decking, charging that dumped and subsidized imports of wire decking from the People's Republic of China cause material injury to the domestic industry. The petitioners allege dumping margins ranging from 116 to 312 percent, with an average margin of 218 percent, and also allege that significant subsidies have been provided to Chinese wire decking producers by...

2009-05-22 11:43:00

WASHINGTON, May 22 /PRNewswire-USNewswire/ -- The United Steelworkers (USW) called today's affirmative vote by the U.S. International Trade Commission to proceed with the trade case investigation against China imports of oil country tubular goods an urgent step for the thousands of laid-off workers at idled pipe production facilities of seven domestic companies. (Logo: http://www.newscom.com/cgi-bin/prnh/20080131/DC12982LOGO) "The OCTG producers and jobless pipe workers are paying the...


Word of the Day
grass-comber
  • A landsman who is making his first voyage at sea; a novice who enters naval service from rural life.
According to the OED, a grass-comber is also 'a sailor's term for one who has been a farm-labourer.'