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Latest Subsidy Stories

2009-05-19 04:13:00

LONDON, May 19 /PRNewswire/ -- By 2015 the European market for electric vehicles (EVs) could potentially grow to 480,000 units. Frost & Sullivan has revised this forecast from the prediction of 250,000 EVs by 2015 made last year due to changing supply dynamics. (Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO) While vehicle manufacturers, suppliers, utilities and other businesses have jumped onto the EV bandwagon, government subsidies and incentives will be critical to...

2009-05-14 15:57:00

WASHINGTON, May 14 /PRNewswire/ -- The U.S. International Trade Commission ("ITC") voted unanimously today that there is a reasonable indication that the U.S. industry producing plastic grocery and shopping bags is being materially injured by reason of dumped and subsidized imports from Indonesia, Taiwan, and Vietnam. The ruling follows the March 31, 2009 filing of an antidumping petition against imports of polyethylene retail carrier bags from Indonesia, Taiwan, and Vietnam and a...

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...

2009-04-08 16:03:00

Seven domestic producers file petition representing 6,000 production workers WASHINGTON, April 8 /PRNewswire-USNewswire/ -- Seven U.S. oil country tubular goods (OCTG) producers and the United Steelworkers (USW) today filed an antidumping and countervailing duty trade case against China imports with the U.S. Department of Commerce (DOC) and the U.S. International Trade Commission (ITC). (Logo: http://www.newscom.com/cgi-bin/prnh/20080131/DC12982LOGO) OCTG represents welded and stainless...

2009-03-16 15:44:10

China revealed details of its plan to subsidize auto and motorcycle purchases by rural residents, which experts said had already created a surge in sales. The government said in January it would make $732 million available to subsidize purchases of vehicles, including light trucks and minivans for farmers, Xinhua reported Monday. The plan revealed Sunday includes a 10 percent subsidy for vehicles and a 13 percent subsidy for motorcycle purchases. Farmers who purchase trucks or minivans...

2009-01-20 18:47:40

The World Trade Organization said Tuesday it would rule on a case brought by China against the United States concerning punitive import duties. The United States has imposed anti-dumping and anti-subsidy duties on two types of steel pipes, pneumatic tires and woven sacks, the Financial Times reported Tuesday. Dumping is the practice of selling products abroad at prices lower than the products fetch in the producer country. China is concerned with the U.S. practice of investigating unfair...

2009-01-16 09:30:00

DETROIT, Jan. 16 /PRNewswire/ -- Blue Cross Blue Shield of Michigan announced a series of actions today to preserve its financial health by partly offsetting projected losses on its individual health plans that could exceed a cumulative total of $1 billion from 2009 through 2011. Daniel J. Loepp, BCBSM president and CEO, this morning announced a workforce reduction of 400 employees of BCBSM and its Blue Care Network HMO subsidiary over the next 60 days - and subsequent efforts that...

2008-12-22 15:08:00

International Trade Commission Imposes Tariffs of 36-40 Percent WASHINGTON, Dec. 22 /PRNewswire-USNewswire/ -- Thomas M. Conway, Vice President of the United Steelworkers (USW), affirmed today's vote by the U.S. International Trade Commission (ITC) to impose anti-subsidy duties on China imports of lined pipe at levels ranging between 36 to 40 percent. (Logo: http://www.newscom.com/cgi-bin/prnh/20080131/DC12982LOGO) "It's an overdue statement on China's continued cheating of our fair...

2008-09-16 03:00:20

By Zermeno, Sergio THE EUROPEAN UNION HAS STEADFASTLY opposed agricultural trade liberalization, as proposed by the United States, with arguments in favor of food security and employment.1 And it makes sense that the old continent, which is home, in proportional terms, to five times as many farmers as the United States, sees no incentive in opening its market to cheap, heavily subsidized U.S. food and having to pay even greater subsidies than it already does to protect its own important...

2008-08-21 03:00:42

Text of report by Economic Desk headlined "With removal of subsidies from month of Mehr - Electricity price to quintuple" published by Iranian newspaper Aftab-e Yazd website on 19 August In the winter of 87, the people's representatives began the work of allocating the budget as they occupied their green seats in parliament. On the basis of calculations made, the Energy Ministry was tasked with producing 156 billion kilowatts-hours [kWh] of electricity worth 2,100 billion tumans by the end...


Word of the Day
Cthulhu
  • A gigantic fictional humanoid alien god being described with a head resembling an octopus and dragon wings and claws, around whom an insane cult developed.
  • Pertaining to the mythos of Cthulhu and additional otherworldly beings created by H. P. Lovecraft or inspired by his writings and imitators.
This word was invented in 1926 by H.P. Lovecraft for his short story, 'The Call of Cthulhu.' 'Cthulhu' may be based on the word 'chthonic,' which in Greek mythology refers to the underworld.
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