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Latest Subsidy Stories

2008-08-13 15:00:41

Text of report by Caribbean Media Corporation news agency website on 12 August Washington: The Inter-American Development Bank (IDB) Tuesday called on Latin America and Caribbean countries to strengthen social programmes to alleviate the impact of higher food prices on their populations. The IDB said that to support such initiatives it will provide a US500m dollars credit line for countries to improve agricultural productivity and expand cash transfer programmes. The Bank said it was...

2008-07-22 09:00:55

Vietnam not to raise electricity, water, coal prices this year HANOI, July 22 (Xinhua) -- The Vietnamese government has instructed sectors and enterprises not to increase charges of electricity, running water and coal before the end of this year, local newspaper Youth reported Tuesday. The government also asked them to maintain stable prices of other important goods, regardless of their smaller profits, the newspaper quoted Vietnamese Finance Minister Vu Van Ninh as saying. If they...

2008-07-18 15:00:46

By a 6-0 vote, the U.S. International Trade Commission ("ITC") announced today its affirmative decision on the petition filed by U.S. producers of laminated woven polypropylene sacks against dumped and subsidized imports of these products from China. Laminated woven sacks are typically used to package pet foods, bird seeds, and similar products sold at retail. The ITC's affirmative vote means that U.S. importers of these products from China will be required to pay high duties to offset unfair...

2008-07-05 12:00:14

PORTLAND, Maine (AP) -- Maine's highest court has rejected an appeal by a couple who wanted the town of Swans Island to pay for their children's education at a Christian school. Jason and Priscilla Joyce argued that the subsidy to send their children to a religious school in Trenton came from town funds -- not state funds -- and therefore was exempt from state law banning the use of public money for religious education. They also argued that the town's payment was to them, not to the...

2008-06-20 12:00:32

Six U.S. pipe makers and the United Steelworkers (USW) today commended the U.S. International Trade Commission (ITC) for its affirmative decision that unfairly traded imports of circular welded steel pipe from China injured the U.S. industry and its workers. The ITC's decision will allow an antidumping duty order to be imposed on Chinese exports of circular welded steel pipe with duties ranging from 69.20 to 85.55 percent. The decision will also result in a countervailing duty order...

2008-06-16 12:00:50

Philippines offers power subsidy to poor people MANILA, June 14 (Xinhua) -- The Philippine government has given 40 million pesos (900,000 U.S. dollars) in cash over the past week to thousands of poor people in Metro Manila to help them pay power bills, said a senior official here on Saturday. At least 85,000 people have already availed of the one-time 500 peso (11 U.S. dollars) power subsidy cash from the state-run Land Bank of the Philippines, said Secretary of the Department of Social...

2008-06-15 21:00:12

By Elizabeth John SPIRALLING food prices may be leaving many hungry and even more angry. But in every crisis, there's an opportunity, says agriculture and resource economist Professor Dr Mad Nasir Shamsudin. The dean of UPM's Faculty of Environmental Studies talks to ELIZABETH JOHN about how today's problems could open doors to a more bountiful future. Q: How would you describe the current situation with rising food prices? A crisis? A: I look at it as an opportunity, not a crisis. Q:...

2006-09-01 11:49:19

By Richard Waddington GENEVA (Reuters) - The United States on Friday delayed a World Trade Organization (WTO) probe into whether it has dismantled cotton subsidies ruled illegal by the Geneva-based trade referee. Brazil accuses Washington of failing to abide by a landmark 2004 verdict in which the WTO decreed part of the multi-billion dollar cotton program violated trade rules and demanded sweeping reform. But WTO rules allow members to block an initial request for a probe,...

2006-07-24 03:59:33

By Richard Waddington and William Schomberg GENEVA (Reuters) - The World Trade Organization (WTO) will suspend nearly five years of trade talks on Monday unless there is a breakthrough on issues such as farm subsidies, diplomats said. WTO Director General Pascal Lamy told ministers from six trade powers late on Sunday he would halt the Doha Development Agenda -- launched in 2001 to ease poverty and boost the global economy -- without a quick end to the deadlock, they said. "Lamy...

2006-07-24 03:30:34

By Richard Waddington and William Schomberg GENEVA (Reuters) - The World Trade Organization (WTO) will suspend nearly five years of trade talks on Monday unless there is a breakthrough on issues such as farm subsidies, diplomats said. WTO Director General Pacal Lamy told ministers from six trade powers late on Sunday he would halt the Doha Development Agenda -- launched in 2001 to ease poverty and boost the global economy -- without a quick end to the deadlock, they said. "Lamy said...


Word of the Day
tesla
  • The unit of magnetic flux density in the International System of Units, equal to the magnitude of the magnetic field vector necessary to produce a force of one newton on a charge of one coulomb moving perpendicular to the direction of the magnetic field vector with a velocity of one meter per second. It is equivalent to one weber per square meter.
This word is named for Nikola Tesla, the inventor, engineer, and futurist.