No country for gold men Nov 14, 2009
Not to put too fine a point to it, that's a lot of subsidy for the Chinese people to be giving the fiat money crowd. Nor is the Bank of England alone in expressing these sentiments. (Asia Times Online)
The Soviet experience Nov 14, 2009
The main features of top-down revolution were: strengthening of political dictatorship in the name of the proletariat (a revolutionary version of enhancing management authority in the US in the name of shareholders); collectivizing kulak peasants (equivalent to large scale agri-business development in the US); emergency measure authority (equivalent to government bailouts and re-regulation in the US); introduction of a five-year plan structure (adopted from US corporate strategic planning);... (Asia Times Online)
Kauai to end subsidy of online payment user fees Nov 13, 2009
Thursday, November 12, 2009. Breaking News/Updates. (Honolulu Advertiser)
Half of Africa's improved growth from ICT Nov 13, 2009
Online Edition Powered By IOL. DisplayAds('SkyLEFT',17,). (Business Report, South Africa)
Boeing welcomed to state Nov 13, 2009
Meanwhile, the cost of government will go up at the expense of already-struggling citizens who can't afford the subsidy, according to one conservative think tank. But ask most South Carolinians whether they think this was a good deal, and we suspect they'll be cheering the imminent arrival of this big new employer. (Herald Online, SC -- Opinion)
NH publisher defends state-backed line of credit Nov 12, 2009
John Sturm, president of the Newspaper Association of America, has said his industry does not want a government handout or subsidy. He told a joint committee of Congress in September that direct financial assistance wouldn't be appropriate, but said newspapers should be allowed to recoup taxes they paid on profits earlier this decade. (Concord Monitor)
Graves to vote no on Health Care Bill Nov 12, 2009
Dogman wrote on Nov 11, 2009 12:34 PM:" Bill I just looked in the Farm Subsidy Database for Dekalb and Cinton counties. I found a William Arthur that received money from goverment. Please tell me that is not you. ". Brandy wrote on Nov 11, 2009 12:47 PM:" Bill - I can certainly relate to your surgeries - how much older are you than I? I am 33. I've had 14 surgeries since 2002. I don't sit here asking for handouts. I tried to better myself, for my kids, by getting a college education ALL through... (Cameron Observer, MO)
Preschool connected with L-S may, or may not close Nov 12, 2009
Committee members discussed a detailed financial history which showed how the preschool is slated to receive a subsidy of $21,974 from the L-S operating budget for the 2009 fiscal year. Robert Stein, who serves on the Sudbury Finance Committee, told the committee that "as a taxpayer I m appalled that I have to subsidize" the preschool. (Lincoln Journal, MA)
Nigeria: 'Deregulation May Not Lead to Fuel Prike Hike' Nov 12, 2009
Barkindo noted that deregulation has become imperative because the subsidy regime is no longer sustainable in the light of present national economic reality. "A key consequence of regulation is the high level of subsidy by the Federal Government of Nigeria. The subsidy level was about N655 billion in 2008, equivalent to one and a half times the size of the Federal Government capital expenditure, pointing to the unsustainability of the existing framework," he said ... The money saved from the... (allAfrica.com)
From the Washington Post Nov 11, 2009
The program, President John F. Kennedy said, "will not be a subsidy program of government paternalism" but rather "a program to afford time for American initiative, American adaptability and American resiliency to assert themselves.". Effects on workers. (Harper's Magazine)
A joyless recovery Nov 11, 2009
Another would extend a subsidy for health insurance for those who lose it along with their jobs. These measures make sense; the recipients badly need the money and will probably spend every penny. (The Economist)
Merkel lays out Germany policies Nov 11, 2009
" Copenhagen warningGermany's deficit - which currently stands at about 1.5 trillion euros (1.35 trillion) - would rise to 5% of gross domestic product in 2010, she said, sketching out plans to cut income tax from 2011 in an effort to boost growth. We would never allow the worldwide financial crisis to be a cheap excuse for failing to protect the environment Angela MerkelGerman chancellor She added that her government would extend a subsidy scheme - known as Kurzarbeit - which she said had been... (BBC News -- Europe)
Missouri shows how schools pay a price for football success Nov 11, 2009
" Pinkel also is part of a growing movement among those coaches to take financial care of their assistants, writing salary, bonus and other stipulations into their head coaching contracts. The minimum allocation for Pinkel's staff has gone from $885,000 under his original agreement to $2.1 million (the first covering10 people, the latter nine excluding the director of football operations). Their incentives, like Pinkel's, also are much more lucrative. Consequently, Pinkel kept his staff... (USA Today -- Sports)
PM: Malaysia aiming for average 6% GDP growth to 2020 Nov 10, 2009
Economists said to raise such investment rates, Malaysia needed more market-driven policies and strategies, and do away with the subsidy system. They said a major policy reform was needed to get private sector investments in, especially today when the number of competing nations for investment money has grown from the days when Malaysia used to be a huge recipient of foreign direct investment. (The Star Online, Malaysia -- Business)
Najib on whats needed to raise income Nov 10, 2009
Needy families under the programme enjoy a subsidy - provided by donations - on essential groceries for a year. The target was for the country to achieve the desired percentage of growth after pulling it--self out of the current economic situation and when exports pick up. (The Star Online, Malaysia)
After the Soviet collapse: A globe redrawn Nov 10, 2009
Abroad, the Council for Mutual Economic Assistance, Comecon, a trading block melded from the Soviet Union, seven European satellites, Mongolia, Cuba and eventually Vietnam, functioned only with massive Soviet subsidy and in worthless soft currencies. Imperial overstretch financing guerrilla movements in Africa, Asia and Latin America and supporting cash-strapped and unloved regimes from Angola to Afghanistan increased the strain. (The Economist)
ATS reports second quarter fiscal 2010 results Nov 10, 2009
" Financial Results In millions 3 months 3 months 6 months 6 months of dollars, ended ended ended ended except per Sept 27, Sept 30, Sept 27, Sept 30, share data 2009 2008 2009 2008 ------------------------------------------------------------------------- Revenue ASG $ 97.0 $ 147.4 $ 212.2 $ 290.2 from ------------------------------------------------------------ continuing Photowatt 51.5 72.5 91.6 141.9 operations ------------------------------------------------------------ Inter-segment (0.3)... (Canada Newswire)
Vietnam signals change in economic policy Nov 7, 2009
At a recent monthly government meeting, Vietnam has decided to extend the subsidized loan program, a highlight of the existing stimulus, but with a lower interest rate subsidy and primarily for export-oriented companies ... The program financed large investment project from state budget, provided interest subsidy to company loans, reduce taxes and support low-income families ... In the context, the government said that companies which produce export items and employ a large workforce will have... (Xinhuanet, China)
Love for the poor Nov 7, 2009
As a result of his lobbying, each family of the village got 6,000 yuan government subsidy. Shi also ratified a loan of 30,000 yuan (4,411 U.S. dollars) to each family to help them build new houses in safer areas. (Xinhuanet, China)
Telus Profit Beats Estimates as Customers Spend More on Internet, E-Mail Nov 7, 2009
Telus and BCE, which also introduced the device this week, pay a subsidy of about $400 on each iPhone they buy from Apple. The success of the handset means Apple is in the driver seat right now, in terms of negotiating prices, McFarlane said in an interview. (Bloomberg -- Canada)
Rates, stimulus cut weigh on construction Nov 6, 2009
"While there was a pick-up in the apartment sector, house building grew at a slower pace in October on the back of the winding down of the First Home Owners subsidy and rising interest rates," AiG associate director public policy Dr Peter Burn. "This suggests that a durable upturn in housing activity remains some way off.". (Sydney Morning Herald -- Business)
Textiles Ministry needs Rs 1,884 cr Nov 6, 2009
NEW DELHI: The Textiles Ministry requires an additional Rs 1,884 crore to clear the subsidy dues of 2009 under the Technology Upgradation Fund Scheme (TUFS). Under the TUFS, the government provides five per cent subsidy on purchase of capital goods and technology ... "To clear the subsidy till December 2009, we will be requiring additional amount of Rs 1,884 crore at revised estimates of 2009-10," Textiles Minister Dayanidhi Maran said at the Parliamentary Consultative Committee of his Ministry... (India Times)
Europe's troubled banks: The muscles from Brussels Nov 6, 2009
Funding is the industry s secret subsidy: without explicit or implicit guarantees many banks would teeter. Yet it is also the hardest issue of all to grapple with, not least because there is no easy way to replace it without shrinking banks balance-sheets in a manner that damages the supply of credit. (The Economist)
THE INFLUENCE GAME: Jobless aid helps business Nov 6, 2009
Like the Realtors, homebuilders have been citing the tax credit in their marketing campaigns, using the government subsidy to propel their "Buy now!" message. There have been bumps in the road, including a recent audit by an Internal Revenue Service watchdog - released just as momentum was building for renewing the credit - that detailed mistakes, questionable claims and criminal schemes in the program. (Fresno Bee -- Business)
Should the president go to Cape Coast or to Elmina? Nov 5, 2009
When we look back, fuel subsidy policies by the NDC Government in 1999 did more harm than good to the ordinary Ghanaian. Among its effects were the shortages, long queues, hording, smuggling, huge Tema Oil Refinery debt and it slammed the door on economic gains as it raised inflation from 13. (Ghana Web, Ghana)
Policy Council wrong on Boeing Nov 5, 2009
They didn t. Instead, they increased the cost of government at the expense of already struggling citizens, who cannot afford the cost of this subsidy. The General Assembly didn t create any jobs; what we created were the conditions necessary for Boeing to create jobs here. (Orangeburg Times and Democrat, SC)
Hyatt developer won't move site Nov 5, 2009
Mayor Deke Copenhaver brought up a recent deal in Raleigh, N.C., where taxpayers footed a $20 million subsidy so a developer would build a Marriott downtown. "We've been to that site and looked at it," Mr. Dusseau said, "and I don't know if $20 million is enough.". (The Augusta Chronicle)
Newsweek: Baby boomers reignite housing market Nov 5, 2009
So why did we just extend the housing subsidy for another 6 months. This "article" is total BS.. (MSNBC -- Business)
Phil Trucks: To save Florida jobs, stop illegal foreign subsidies Nov 5, 2009
In the midst of the confusing battle over health care and questions as to whether the economic recovery plan is actually working, President Obama has the opportunity to claim a critical and unambiguous victory for working Americans: the World Trade Organization has ruled that the European Unions multibillion- dollar subsidy program to French aerospace giant EADS violates international law ... According to the U.S. trade representative and other trade experts, this illegal subsidy program helped... (The News-Press -- Opinion)
* DRAM subsidy requests to be reviewed this month Nov 5, 2009
DRAM subsidy requests to be reviewed this month. STAFF WRITER, WITH CNA Thursday, Nov 05, 2009, Page 12. (Taipei Times, Taiwan -- World Business)
Report: Cash for Clunkers a Huge Waste Nov 4, 2009
Tuesday, November 3, 2009. SIGN UP FOR FREE NEWS ALERTS. (Newsmax)
Faculty group wants Cal to end subsidies for athletics department Nov 4, 2009
He said, however, that there is "wide agreement" among faculty members that the subsidy coming from the school is "much too high.". If a resolution is passed, Birgeneau would have the final say on its implementation. (USA Today -- Sports)
Syrian bonusesbring little change Nov 3, 2009
The subsidy was distributed just before September's religious commemoration of Eid al-Fitr, which is a time when Muslims hold banquets and donate to the poor. In parallel with the government's decision, private employers were asked by the chamber of commerce to give their employees a bonus equivalent of 40% of their monthly salary, and most complied. (Asia Times Online)
24 South St. Notebook Nov 3, 2009
Tuesday, June 30, 2009 1:50 PM EDT. The address for Auburn's Memorial City Hall on South Street is familiar to many follower's of the city's government and its political scene. (Auburn Citizen, NY)
Suriname-2009 Article IV Consultation Concluding Statement of the IMF Mission Nov 3, 2009
Expenditures: The cyclical deterioration in the public finance is amplified by a surge in expenditures resulting from: (i) civil service wage increases initiated in March 2009 (see below); (ii) higher pension and other transfer payments; (iii) the introduction of a mortgage subsidy scheme covering 2009 10; and (iv) large capital projects projected to begin in 2010. There are also potential additional expenditures which may need to be borne by the budget to cover the still unresolved situation... (IMF News)
More businesses opened than closed in past year (503) Nov 3, 2009
To JB wrote on Nov 2, 2009 5:21 PM:" The Daily Bagel and American Sanitation are both well established businesses. Why would they need a government subsidy? If they are not a viable business without government handouts then they shouldn't be in business at all. ARRA dollars have been a giant waste of our tax dollars near as I can tell. The roads in our forests, thoughout the Klamath Basin and rural areas are horrible, and what did several million dollars of ARRA go to? Repaving the roads in Lava... (Klamath Falls Herald & News, OR)
Pa. to see more stimulus money for education Nov 3, 2009
As part of its budget, Pennsylvania counted on that money for basic education subsidy to elementary and secondary schools as well as to help higher education. State reports on stimulus spending were due last week, and Pennsylvania's report shows both the number of jobs as well as the vendors who received money for computers, software and other items. (Pittsburgh Post-Gazette, PA)
Adrift in an ocean of complexity Nov 2, 2009
In a recent study, The Reconstruction of American Journalism, journalists Len Downie and Michael Schudson open a door to a public subsidy for journalism. A model might be the BBC, which is supported by a tax on television sales. (Boston Globe)
Vegetarians' meat tax plan just a load of hot air Nov 2, 2009
This week British economist Lord Stern called for the world to get off beef and on to broccoli: go vegetarian for the planet. Methane - burped, belched and otherwise released by cows in impressive amounts - is around 20 times more potent a greenhouse gas than carbon dioxide. (Sydney Morning Herald -- Opinion)
Oh Lord, won't you buy me an honest government Nov 2, 2009
The Sunday Tribune reported that Transport Minister S'bu Ndebele appointed close associate George Mahlalela as his acting director-general despite the latter being fingered in a damning forensic report for irregularities over KwaZulu-Natal's bus subsidy contracts of almost R1. 2bn. (Business Report, South Africa)
Nigeria: National Assembly Intervenes in Deregulation Face-Off Nov 2, 2009
Adesina at a rally of his Action Congress (AC), however, stated that the proposed removal of oil subsidy by the Federal Government, if implemented, would ignite the much-anticipated revolution in the country, which, he said could be disastrous to the nation. "Fuel subsidy is a lie. Deregulation should not be. People are already suffering. I support the position of the Nigeria Labour Congress (NLC). There should no deregulation in the oil sector. Else, it will spell doom for the country," he said... (allAfrica.com)
Local program turns stimulus funds into jobs Oct 31, 2009
The idea is simple: Make it easy for employers to hire workers by giving a generous subsidy ... Alvarez, who had been laid off from his previous job, was hired through Fresno Area Workforce Connection and a government subsidy program that pays 80% of his salary for a year. (Fresno Bee -- Business)
Tax observers weigh the implementation of GST Oct 31, 2009
He adds that the mild regressive aspects of the indirect tax can be overcome with a gradual reduction of income tax rates, imposing graduated excise duties on non-essentials, and prudent use of a subsidy system to support the lower income groups. However, Jeyapalan supports the view that small and medium enterprises (SMEs) will suffer more in a GST regime because their compliance costs will be proportionately higher than those of larger companies. (The Star Online, Malaysia -- Business)
At risk ... beggar-thy-neighbour Oct 31, 2009
They also initiated anti-dumping and anti-subsidy investigations into chicken parts and car components imports from the United States ... The bailout of US car makers represented a discriminatory subsidy. (The Star Online, Malaysia -- Business)
Lawmakers create illusion of growth Oct 31, 2009
They didn t. Instead, they increased the cost of government at the expense of already-struggling citizens, who cannot afford the cost of this subsidy. . (Orangeburg Times and Democrat, SC)
Petroleum Products Pricing In Ghana Economics Or Politics? Oct 30, 2009
PETROLEUM SUBSIDIES By far the most politically sensitive issue in petroleum pricing is subsidy ... Opposition to the subsidy debate points to the empirical evidence that the subsidies on petroleum products have been one of the causes of poor performance of state refineries and their economies ... Therefore, rather than call these debts TOR debts, they should be regarded as government/public debts which the central government whose subsidy policy brought about the debts must take responsibility... (Ghana Web, Ghana)
Govt going the whole hog to ensure energy security Oct 30, 2009
The current subsidy regime that regulates retail prices of four politically sensitive fuels petrol, diesel, kerosene sold through fair-price shops and cooking gas needs to be reworked, the planning commission believes ... It is also planning to devise a new subsidy-sharing formula to compensate state-owned oil companies for selling cooking gas and kerosene below cost. (India Times)
In China, too, Health Care in Disarray Oct 30, 2009
In 2003, the government gave more money to rural medical cooperatives and offered farmers a subsidy of $12 a year for insurance if they chipped in $3 ... Children, the elderly and the unemployed all qualified for the same $12 government subsidy, but because health costs are higher in cities than in rural areas, they must contribute more than $30 a year. (CBS News -- US)
Focus on Doha to push recovery Oct 29, 2009
Its necessary to implement the tariff and subsidy reforms embedded in the draft texts proposed to date. The idea is to pocket the gains already agreed to. (India Times)
China leads solar home revolution Oct 29, 2009
In April this year, the Ministry of Commerce announced a "Home Electronics to Countryside" program to encourage the growth of SWH systems in rural areas with a 13% subsidy on the cost of buying a system for rural residents. Many experts view this plan as a tool to encourage consolidation in the industry through adoption of more rigid standards. (Asia Times Online)
New Home Sales Fall 3.6 Percent Oct 29, 2009
Critics, however, say many buyers would have entered the market anyway and call the credit an unnecessary subsidy for people who don't need it. Low mortgage rates, the tax credit and more affordably priced homes have provided a big lift to the housing market this year. (Click2Houston, TX)
Costco to accept food stamps nationwide... Oct 29, 2009
While most major grocery chains have accepted the food subsidy for years, more retailers have been accepting food stamps as the process has eased and the number of people using them has soared. Most users no longer receive stamps, but instead carry the value on a card that can be swiped at checkout much like a bank debit card. (The Drudge Report)
Motorola answers iPhone with Droid Oct 29, 2009
The carrier launched an aggressive TV advertising campaign even before Wednesdays phone launch in New York, and its offering enough of a subsidy to bring the retail price of the phone down to $199, matching the iPhone. Analysts estimate Motorola will sell the phone for $400 or more. (Crain's Chicago Business)
Foreign speculation on our currency is a bubble set to burst Oct 29, 2009
And the finance sector has a moral purpose above all else and even now the massive public subsidy to keep the finance sector very happy indeed has somehow brought bounty to us all. And we should not worry about the need to structure our economy, let the 'market forces' do that. (Sydney Morning Herald -- Opinion)
France's Sarkozy announces 1.65-billion-euro farm aid plan Oct 28, 2009
France is the biggest beneficiary of the EU's massive farm subsidy system, the Common Agricultural Policy, receiving 10 billion euros last year, ahead of Spain with 7. 1 billion and Germany with 6. (Yahoo! Asia News)
Lieberman wont allow Senate vote on public option Oct 28, 2009
It is extremely unusual for them to support a government tax subsidy to employers to provide their employees with a benefit. Health care is usually a private and personal matter, yet they seem to have NO problem with both employers AND the insurance industry being intimately involved with it. (Atlanta Journal-Constitution -- Opinion)
Bond Weakling California Shows Perils of States' Failure to Disclose Debts Oct 28, 2009
Obamas program provides a 35 percent subsidy for borrowing expenses, essentially transferring that cost to the U.S. Treasury. And while he doesnt dispute Californias unfavorable borrowing terms compared with similarly rated companies, he said the gap isnt because of inadequate disclosure. (Bloomberg)
Wahpeton grants Bois de Sioux $25K Oct 28, 2009
In November 2008, the city approved a 108,000 subsidy in response to immediate challenges, such as long-term indebtedness, posed by golf board officials ... Wahpeton Finance Director Darcie Huwe said the golf course has complied with the more than 10 parameters laid out by the council last year as tie-ons to the subsidy, including not entering into any credit agreements without city approval. (Wahpeton Daily News, ND)
Report: Amtrak subsidy comes to $32 per passenger Oct 28, 2009
Tuesday, October 27, 2009 10:22 PM CDT Report: Amtrak subsidy comes to 32 per passenger Forty-one of Amtrak's 44 routes lost money in 2008 ... Forty-one of Amtrak s 44 routes lost money in 2008, said the study by Subsidyscope, an arm of the Pew Charitable Trusts ... Subsidyscope says its review counted certain capital expenses that Amtrak doesn t consider when calculating the financial performance of its routes, namely wear and tear on equipment, or depreciation. (Mattoon Journal-Gazette, IL)
Reid to announce push for 'public option'... Oct 27, 2009
How can we suddenly be expected to pay six to nine thousand dollars a year for insurance unless we qualify for a subsidy; which there are many who will not because of gross income limitations. Are we to stop paying our mortgage and live out of our cars like so many are already doing so that we can contribute to the profit margins of the few oversized insurance companies that have a monopoly on the current markets in most States; so that we can feel good about finally having overpriced health... (The Drudge Report)
Read the 'JER' transcript Oct 27, 2009
They're not against a government subsidy in health care. They just don't like the particular model that's been set forth here. (Fox News)
Micro loans bring light to rural poor Oct 27, 2009
This amount is less than half of the total subsidy the government provides to make kerosene affordable for the poor. Some of this money will come from MFIs, who face a much smaller risk on the small, short-term loans for solar appliances. (Scientific American)
A Secret, Second Stimulus Plan Oct 27, 2009
COBRA health insurance subsidy extensions. Estimated cost: $25 billion. (Newsmax)
Targeted interest subsidy scheme Oct 26, 2009
NEW DELHI: A new targeted interest 00004000 subsidy scheme is being worked out for industries that have high employment generation potential such as handloom, leather, gems and jewellery ... But unlike sector specific subsidy schemes in the past, select industry within MSE may be targeted under the interest subvention scheme after carrying out due diligence of projects and its potential to create more jobs. (India Times)
Dim future lies ahead for state's colleges Oct 25, 2009
Lawmakers say our subsidy to the public university systems is still the equivalent to what other states put into their systems. Yes, and that's why they are Mississippi and we are California. (Fresno Bee)
