Socialism on a bus route

Is it capitalism or socialism when a company owned by another company who then states it will not provide a social necessity unless they are subsidised by the public purse?It is often said here and elsewhere that capitalism should be allowed to run its course because that is...

Restrictions on fishing lifted

"Restrictions on fishing lifted   The government has lifted fishing restrictions imposed on fishermen in the north. "The restrictions placed on fishermen venturing out to sea from...

Sri Lanka says no to EU rights probe for trade deal

A garment-related trade deal between Sri Lanka and the EU may be cancelled after the country decided not to allow the EU to investigate human rights abuses there."Sri Lanka said on Monday it will not allow a...

Pakistan govt tax on oil is more than subsidy

" The Pakistan government has worked out a subsidy of Rs85 billion after this month’s change in petroleum prices, which is much less than what it is earning by slapping sales tax and petroleum development levy, official sources revealed Thursday. Sources in the petroleum...

Biofuels company ditches NZ

    Leading United Kingdom biofuel producer Argent Energy is shelving plans to invest more than $100 million in New Zealand. " Dickon Posnett, managing director of Argent Energy's NZ subsidiary, says New Zealand's proposed legislation in the Biofuels Bill makes...

Will Mega Food Parks work in India ?

"The food processing industry is one of the largest in the country and is ranked fifth. Facts and figures show that India is the third largest producer of food, largest milk producer and largest livestock holder in the world. India, the world’s second largest fruit and...

T. Boone Pickens - Environmentalist Suckling at Big Government’s Teet

"T. Boone Pickens.Just his name conjures images of gushing oil strikes and four-pound steaks. But maybe his name should bring up images of windmills and pork.First the windmills - that’s his next big...

UN: Rising food price hits relief efforts

The food prices have seen dramatic increase in the last 15 months. The wheat prices have nearly doubled while the overall food price have gone up by 75% since year 2000 according to the World Bank. As reported by...

Medicare Prescription Drug Plan Changes Proposed for Low Income Beneficiaries

The Centers for Medicare & Medicaid Services has announced that it will publish a proposed rule intended to allow certain low-income Medicare beneficiaries to remain in the Medicare Part D prescription drug plans that they enrolled in without having to pay a premium.

Government to provide any amount of subsidy to develop public housing

""There is no problem with subsidy, the government will provide whatever amount of funds is needed as long as it is used properly," Kalla said here on Thursday when officially opening a meeting of the Association of Housing and Resettlement Developers (Aperti).Kalla said...

Oil subsidy to soar to Rp87 T : minister

""We see it (subsidy hike) as being quite secure at the end of this year because there is still balance between the increase in revenues and that in spending. The deficit in the state budget will remain unchanged," he said. He said oil output until the end of 2007 would stand...

Income tax receipts from oil and gas expected to increase Rp5 T

""If I am not mistaken this year`s income tax receipts from oil and gas will increase by Rp4-5 trillion from the target set in the revised 2007 state budget," Director General of Taxation Darmin Nasution said here Friday. But this would not be as high as an increase in...

Indonesia`s 2007 fuel subsidy bill may increase

"Indonesia's fuel subsidy bill may climb to 90 trillion rupiah ($9.86 billion) this year, amid rising global oil prices, but the government has no plan to raise domestic fuel prices, the energy minister said on...

$110,000,000,000 and all I Got Was an Advil

"Democratic presidential candidate Hillary Rodham Clinton is unveiling a sweeping health care reform proposal Monday that would require every American to carry health insurance and offer federal subsidies to help...

WTO Trade Talks Stall: What Does It Mean To You?

Today's headlines on Reuters and BBC (as well as others) mention that WTO trade talks are about to collapse. Honestly, this is big news...but it's hard to understand why. The news talks about something called...

closeSign in to NowPublic

is reporting from