A new U.N. report urges countries to phase out energy subsidies, saying they often waste money, do not always help the poor and are bad for the environment
Poland's Gdansk shipyard, the birthplace of the anti-communist Solidarity movement, has submitted a last-ditch rescue plan to prevent its closure.
An embarrassed Japanese government has cut the subsidy, but a Tokyo TV company said on Friday it would carry on making a striptease news show with sign language for hearing-impaired viewers.
Trilby Lundberg is publisher of the Lundberg Survey, a national survey of gas prices quoted regularly by major news organizations, including CNN.
The chairman of the U.S. Senate education committee Tuesday introduced legislation to cut government subsidies to student loan companies, but the cuts were milder than some expected and lender stocks rose.
Da Silva announced a new program Monday to sharply decrease unwanted pregnancies in Latin America's largest nation by subsidizing birth control pills
Supposedly, the departure of Sallie Mae CEO Tim Fitzpatrick, which was announced Tuesday, is a way for the embattled student loan giant to improve its image in Congress. This is critical, because both Democrats and President Bush want to slash the rich subsidies that student lenders, including Sallie Mae, receive. That's obviously not in Sallie's best interest, particularly given Sallie's pending $25 billion buyout, led by private equity firm JC Flowers.
In Saudi Arabia gasoline costs about 45 cents a gallon. In Iran it's 33 cents. Venezuelans pay less than a quarter.
This year's legislation for the nation's $300 billion farm industry takes important steps to help local farmers but much more remains to be done, a panel of experts agreed Tuesday.
The U.S. Commerce Department announced Friday that it will reverse its decades-long policy and begin to impose trade tariffs on some subsidized imports from China.
A new U.N. report urges countries to phase out energy subsidies, saying they often waste money, do not always help the poor and are bad for the environment
Poland's Gdansk shipyard, the birthplace of the anti-communist Solidarity movement, has submitted a last-ditch rescue plan to prevent its closure.
An embarrassed Japanese government has cut the subsidy, but a Tokyo TV company said on Friday it would carry on making a striptease news show with sign language for hearing-impaired viewers.
Trilby Lundberg is publisher of the Lundberg Survey, a national survey of gas prices quoted regularly by major news organizations, including CNN.
The chairman of the U.S. Senate education committee Tuesday introduced legislation to cut government subsidies to student loan companies, but the cuts were milder than some expected and lender stocks rose.
Da Silva announced a new program Monday to sharply decrease unwanted pregnancies in Latin America's largest nation by subsidizing birth control pills
Supposedly, the departure of Sallie Mae CEO Tim Fitzpatrick, which was announced Tuesday, is a way for the embattled student loan giant to improve its image in Congress. This is critical, because both Democrats and President Bush want to slash the rich subsidies that student lenders, including Sallie Mae, receive. That's obviously not in Sallie's best interest, particularly given Sallie's pending $25 billion buyout, led by private equity firm JC Flowers.
In Saudi Arabia gasoline costs about 45 cents a gallon. In Iran it's 33 cents. Venezuelans pay less than a quarter.
This year's legislation for the nation's $300 billion farm industry takes important steps to help local farmers but much more remains to be done, a panel of experts agreed Tuesday.
The U.S. Commerce Department announced Friday that it will reverse its decades-long policy and begin to impose trade tariffs on some subsidized imports from China.
Paying for college may get a little easier. Today congress voted to cut interest rates on the government's largest loan program. In today's top tips we'll tell you what you need to know.
Clement Kagwa, hands gloved in thick rubber, expertly wields his 7-inch knife, slicing into a fleshy 3-foot-long perch caught by fishermen only hours before. He cuts off one fillet, decapitates the...
Fed up with 34 years of red ink on the domestic routes of state-owned Malaysia Airlines, the government has turned to low-cost carrier Air Asia to bail it out. Starting in August, Air Asia will tak...
Peasant blouses and inflation; hip-hugging jeans and high prices at the pump. An increasingly unpopular war and a president with an ability to make his detractors see red (or perhaps blue).
All right-thinking people agree that reducing dependence on fossil fuels is a Good Thing. Shifting energy consumption toward renewables such as biomass, wind and solar helps make the world cleaner; and it would be awfully nice not to have to rely quite so much on a certain rather volatile region of the world.
After the publication of "How to Beat the High Cost of Gasoline --Forever," Fortune and CNNMoney received hundreds of e-mails from readers.
The wording is so bland and buried so deep within a 324-page budget document that almost no one would notice that a multibillion-dollar scam is going on. Not the members of Congress voting for it and certainly not the taxpayers who will get fleeced by it. And that is exactly the idea.
You probably don't know it, but the answer to America's gasoline addiction could be under the hood of your car. More than five million Tauruses, Explorers, Stratuses, Suburbans, and other vehicles are already equipped with engines that can run on an energy source that costs less than gasoline, produces almost none of the emissions that cause global warming, and comes from the Midwest, not the Middle East.
On Sept. 27, hundreds of America's top cotton growers gathered in the convention center in Visalia, Calif., in the heart of the San Joaquin Valley. They'd come for the annual meeting of Calcot, one...
The soil of the Northwest's Palouse region is among the richest in the country. Much of it is sunk in and around outcroppings of Ice Age silt dunes; farmers and ranchers here sometimes work 50-degr...
The Bush administration plans to introduce legislation to restructure the nation's passenger rail system, while Amtrak supporters in Congress fight to maintain funding in next fiscal year's budget.
When George W. Bush submitted his whopping $2.57 trillion proposal to Congress last week, it showed how the war on terrorism has come home to roost.
Californians in November defeated a ballot initiative that would have required employers to provide health care coverage for their workers. Some state lawmakers are now attempting the opposite approach to ease the state's soaring emergency-care debt and 6 million uninsured citizens: requiring citizens to buy their own health insurance.
"... if I am President, we're going to scour that tax code and make it simple and fair once and for all." -- John Kerry, September 2003
Worry about gasoline prices if you want.
Every day brings another culprit. On Aug. 5 it was word that crude exports from Russia's massive Yukos Oil might be in jeopardy, as authorities there said they were once again freezing the company'...
Despite nervous hand-wringing in the media about federal budget deficits, U.S. lawmakers on both sides of the aisle are holding strong, valiantly flinging pork far and wide.
Senator John Kerry has the reputation of a man who picks his words--and battles--carefully. But in recent months the Bush campaign's vaunted attack machine has spent millions portraying Kerry as a ...
Over $1 billion in government subsidies have gone into transforming discounter Wal-Mart Stores from a regional discount store operator into the world's largest retailer, according to a report Monday from Good Jobs First, a Washington-based subsidy watchdog group.
Four years ago, on the frozen prairies of Manitoba, two young pharmacists, working independently, founded a billion-dollar industry. In the process they created a quandary for global health-care p...
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We're about to get an earful on the wisdom of price controls. The upcoming Senate hearings about the need for price caps on California energy will be the first of many lectures. The next barrage wi...
Picture David Henry. He's a classic. Clean-cut, energy and ambition to burn. Wears those loose-fitting khakis and that wide-striped Polo shirt as if he'd been born in them. Has a look in his eyes t...
Once upon a time, there was an economy so wonderful that it seemed to have come from a fairy tale. Inflation was low, unemployment was low, growth was strong. Everyone's income began to rise, and t...
Congress passed an important bill in October regarding publicly subsidized housing for the poor. You'll remember this, of course, from the banner headlines, heated debates on radio call-in shows, a...
Americans like to say that our children are our most valuable asset. Yet children at all income levels are suffering from neglect--not just the children of poverty, as some would like you to think....
The newspapers have been full of good tidings about the U.S. budget in recent weeks as we contemplate the happy prospect of surpluses--surpluses!--in the near future. But as countless economists an...
About five years ago Deboriah Pogue, now 45, an unmarried business analyst for IBM in White Plains, N.Y., became acutely aware that something was missing in her life--a baby. "I always knew I wante...
Every so often a book is published that commands attention for its scope, ambition, and physical size. Capitalism (Jameson Books, $95.00), by Pepperdine University economist George Reisman, is such...
Why does Amtrak still exist? Despite minuscule ridership and conclusive evidence that intercity train travel--except in a few specific markets--is dead in the U.S.A., the government-owned passenger...
Twenty-eight years ago, Phyllis Anderson bought a six-unit apartment building in the California beach town of Santa Monica. It was to be both a place for her to live and a source of income when she...
Lost in the budget brawl over Medicare comes news that farm subsidies, America's oldest, most protected welfare program, might finally be phased out. Or not.
WHEN DANIELLE ARCARO ENTERED George Washington Medical School in Washington, D.C. in 1989, she anticipated a long and lucrative career. Now, with 18 months to go as a hospital resident, the would-b...
Every year, the U.S. government gives up some $20 billion in tax revenues to subsidize the $1.2 trillion municipal bond market. It's a rare gift-American munis are the only major tax-exempt bazaar ...
BILL CLINTON'S ambitious 1,342-page health care reform bill has yet to clear its first congressional committee. But Washington insiders have already delivered this four-letter prognosis: D-E-A-D. T...
POLITICIANS have tried to stop prices from rising since the 18th century B.C., when Babylonia's King Hammurabi decreed how many gur of corn a farmer could pay for a cow. Never mind that most such e...
LOST IN THE BABBLE over health care reform are two fearsome facts that many companies are just beginning to discern -- and that have them sweating. First, President Clinton's plan would shift respo...
) POLITICAL tides can sweep in with astonishing power. A previously apathetic public suddenly demands action. Sensing opportunity, leaders reach for arcane remedies understood by a handful of exper...
THE ENTHUSIASTS -- WHO -- WHY Gray lobby Expanded drug and long-term-care coverage Organized labor Preserves their gold-plated benefits Consumer groups Universal coverage Primary-care providers New...
NOT EVEN the Clintons think that their sweeping proposal will become law in its current form. As the largest social policy initiative since Social Security creeps through dozens of congressional fi...
PRESIDENT Clinton now seems to be pinning most of his hopes for further deficit reduction on the reinventing government initiative to streamline the bureaucracy. But what he and many others in Wash...
IT IS IRONIC that the U.S., the world's military superpower, was founded not by conquerors but by aspiring homeowners. Yet there is nothing ironic in how housing experts in cities across the countr...
NOW THAT General Motors, Ford, and Chrysler are getting close to an agreement to cooperate on an electric vehicle, does that mean battery-powered cars are an idea whose time has finally come? Not b...
IT'S 2005 and the impossible is happening. For the fifth straight year America's health care outlays are declining as a percent of GDP. That's not so amazing, since most people are now enrolled in ...
+ The Council of Economic Advisers sure has changed. While chairmen in the Reagan and Bush Administrations professed near-absolute faith in free markets and free trade, Laura D'Andrea Tyson believe...
NOT SINCE 1947, when Harry Truman set up the National Security Council to fight the Cold War, has an American President created such a potentially powerful structure in the White House as Bill Clin...
Only all-out war could reshape Americans' lives more profoundly than the events that will begin to unfold in Washington, D.C. this month, when the Clinton Administration presents its health-reform ...
Health maintenance organizations might seem like big winners if Hillary Rodham Clinton's health care program emphasizes so-called managed competition. But murmurs from Washington of federal price c...
Disgruntled French farmers ransacked a Coca-Cola plant and fishermen burned their catch in a series of demonstrations brought on in part by U.S. pressure on Europe to reduce agricultural subsidies....
Get ready for Act II of Clintonomics -- the First Lady's task force on health care. A key question: Will Hillary emulate Hammurabi, the Babylonian ruler who slapped on history's first-recorded pric...
WHAT A CHANGE. A few years ago foreign trade looked like some giant leak in the American economy, siphoning all the prosperity of the past 200 years out into the rest of the world. In 1987 America'...
GO JUST about anywhere in China and you're likely to run into a traffic jam. Swarms of bicycles, cars, trucks, and pedestrians joust their way around one construction project after another. Skyline...
AIRBUS INDUSTRIE, the improbable -- some would have said impossible -- Eurodream, has succeeded in ways that even its strongest supporters did not imagine. As recently as five years ago, American c...
YOU ARE LOOKING for signs that U.S. manufacturers have regained their muscle after a decade of Wall Street-inspired financial fiddling. You are tired of hearing how the country has lost its knack f...
THE ENDURING global partnership between farmers and politicians is starting to come unstuck. The leading industrial powers, after years of bickering, now look ready to forge an agreement on rolling...
The most fascinating lawsuit in the land these days is, arguably, Resolution Trust Corporation v. Selma Diamond et al. Unfortunately for yours truly, who once vouchsafed to his editors that he woul...
THE EUROPEAN Community's drive toward an open market by the end of 1992 is suddenly starting to bump hard against the very barriers that the EC is trying to tear down. As the deadline nears, powerf...
DWAYNE ANDREAS sometimes gets by with a little help from his friends. Three years ago the chairman and chief executive of Archer Daniels Midland Co. was arranging a conference of senior business an...
COMMUNISM HAS IMPLODED. In country after country, it is proclaiming its own failure, desperately searching for ''reform'' and new beginnings. Yesterday's heresies are today's official promises; yes...
IT SOUNDS LIKE good news: America is taking a growing share of the world's $2.7 trillion market for exported goods (see preceding story). But mention foreign competition to CEOs of FORTUNE 500 comp...
Perplexities abound when you ponder the instantly famous ruling just issued by the New York Court of Appeals. For openers, how do you parse the lead sentence of the ACLU press release enthusiastica...
WHEN WERE YOU LAST at a dinner party where someone didn't raise at least one of these perennially favorite topics: (1) how that $47,500 subdivision split- level, bought in 1973, is now worth a cool...
BABIES AREN'T just Gerber's business anymore. When William Popejoy stepped in to rescue American Savings & Loan Association in 1984, he eliminated 700 company cars, 39 condominiums, nine airplanes,...
Amazing institution, rent control. Especially the New York City version. That is the one in which a rent-controlled tenant ends up with the most valuable property in town. Most valuable in town? Ca...
In which Kindly Dr. Keeping Up wonders about the still unexplained nonexistence of the Federal Clothing Assistance and Nakedness Prevention Act of 1988, which remained in a state of undeniable null...
Robert Walters, the newly retired vice chairman of Hertz Farm Management, drives along gravelly County Road S-14 in Iowa's Skunk River Valley, pointing out the great buys amid the miles of corn and...
SWEET ARE THE uses of adversity,'' says the banished duke in Shakespeare's As You Like It. Hear, hear, say the companies that have been profiting from debt- equity swaps, a sweet use of the Third W...
ALAIN MADELIN, 40, France's minister of industry since March, chuckles when he tells about the president of an ailing machine tool company who recently came looking for a handout. ''The government ...
HOW ABOUT a few tunes on behalf of city dudes, Willie Nelson? The gritty, bighearted country-and-western singer has sponsored Farm Aid concerts around the country and has raised more than $8 millio...
THE WORLD is getting a good shot of economic competition from Brazil -- and everyone should welcome the development. Like several of its South American neighbors, it is in the delicate early stages...
Nowhere is rent control more bitterly debated than in New York City, especially in Manhattan, where roughly 420,000 of the borough's 650,000 apartment units are subject to rent restrictions. The cl...
While a drought has scorched crops, killed livestock, and cost farmers in the Southeast $1 billion, growers in the Midwest are reaping bumper crops. From the taxpayers' point of view, the bountiful...
Amazing institution, the Export-Import Bank. David Stockman came to Washington planning to raze it, and now Dave is back in New York and the bank is unrazed and both parties seem to be making comeb...
ALAIN MADELIN, 40, France's minister of industry since March, chuckles when he tells about the president of an ailing machine tool company who recently came looking for a handout. ''The government ...
A FOREIGN GOVERNMENT supplies a factory with cheap oil or gas to make an energy-intensive product such as ammonia. The manufactured product grabs markets from U.S. companies. Is the foreign plant p...
Garrett Hardin is still not exactly a household name, but over the past two decades he has developed something akin to a cult following. Now professor emeritus of human ecology at the University of...
In the largest judgment against an oil company for violating price controls during the 1970s, a Washington federal appeals court ruled that Exxon must pay the U.S. government $900 million for overc...
TWO POWERFUL LOBBIES, each accustomed to getting its way in Washington, are locked in fierce combat on Capitol Hill. Farmers want Uncle Sam to provide federal loans and other subsidies to help them...
to trim without hurting the poor. WASHINGTON'S deficit fighters have directed most of their firepower this year at such politically palatable targets as defense. But if Congress is truly going to g...
IN THE THICK undergrowth of federal spending, subsidies to business and state and local governments are some of the hardiest forms of plant life--and the most in need of weeding. They will have cli...
After a week of furrowed brows, leaks to the press, and symbolic gestures to major-domos of Congress, President Reagan unveiled a list of $42 billion in budget cuts that were pretty much what Budge...
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