Yellen Tells China the U.S. Will ‘Not Accept’ Flood of Cheap Chinese Exports
U.S. Treasury Secretary Janet Yellen told China that the Biden administration will “not accept” a flood of cheap industry-destroying exports.
U.S. Treasury Secretary Janet Yellen told China that the Biden administration will “not accept” a flood of cheap industry-destroying exports.
South Korea on Sunday announced more aggressive measures to stave off the worst population crisis in the world, boosting child care subsidies into a “monthly salary for parents” and raising the already sizable cash bonus for childbirth, plus more paid family leave and subsidized mortgages for the parents of newborn children.
Automotive industry analyst Michael Dunne warned on Friday that China has become “the world’s electric vehicle (EV) Godzilla, poised to smash everything in its path.”
On Friday’s broadcast of Bloomberg’s “The Open,” acting Secretary of Labor Julie Su responded to a question on why the Biden administration is using tax dollars to give wealthy people credits to buy expensive electric cars by stating that they’re
On Thursday’s broadcast of CNBC’s “Last Call,” Rep. Ro Khanna (D-CA) stated that “a lot” of the electric vehicle subsidies are “ending up in places where workers are not represented” while CEOs make a ton of money and companies have
Massive graveyards filled with electric vehicles were discovered across China, ostensibly caused by the collapse of ride-sharing companies.
The International Monetary Fund (IMF), an international organization heavily funded by the United States, on Friday reached an agreement with Pakistan to provide $3 billion in short-term financial aid. The Pakistani bond market perked up at news that a potential debt default crisis has been delayed, but not enough to suggest that investors see a bright future for Pakistan’s finances.
On Tuesday’s edition of CBS’s “America Decides,” Rep. Chip Roy (R-TX) stated that if Democrats want to increase revenue as part of a package to raise the debt ceiling, they should stop green subsidies for big companies. Roy said, “[W]e’re
Vice Chancellor Robert Habeck proposed a plan for up to 80 per cent of industrial energy costs to be subsidised amid green agenda failures.
Thousands of demonstrators marched through the cities of Indonesia on Tuesday, protesting against the first hike in government-subsidized fuel prices in eight years. The blowback may prove to be the stiffest challenge to President Joko “Jokowi” Widodo’s popularity since his re-election in 2019.
The Canadian Radio-Television and Telecommunications Commission (CRTC) on Tuesday revealed direct federal subsidies to the broadcast industry during the pandemic exceeded $100 million, in addition to a $36.5 million giveaway from waiving license fees.
President Joe Biden claimed the “Inflation Reduction Act,” signed into law on Tuesday, gives tax credits to American consumers for electric vehicles “if those vehicles were made in America.”
Even as House and Senate Democrats look to further subsidize electric vehicles, the New York Times admits that the cars “remain largely the province of the rich.”
A Democrat deal, agreed to by Senate Majority Leader Chuck Schumer (D-CA) and Sen. Joe Manchin (D-WV), subsidizes electric vehicles made in Canada and Mexico — gutting the “Buy American” rules initially included in the legislation.
The hidden green subsidies and taxes on electricity bills is the “biggest silent rip-off in Britain” according to Brexit’s Nigel Farage.
Los Angeles Unified School District (LAUSD) teachers and other district staff with young children will be returning to in-person learning with a $500 per month child care subsidy in order to further ensure schools are staffed appropriately, the district said.
Democrats in Connecticut are hoping private sector insurance companies will help them expand health care in the state by having the businesses subsidize coverage not only for low-income residents but for migrants who are living in the state illegally.
China’s Ministry of Commerce announced Thursday that it will impose temporary anti-subsidy duties on Australian wine imports starting December 11.
A second day of negotiating over the post-Brexit EU budget is looking to end again in deadlock with member-states split between the “Frugals”, who want less spending; the poorer, mostly former Soviet satellite states who want more money; and the European Parliament which wants the budget period increased to a massive €1.32 trillion to help turn the EU carbon neutral.
European leaders are said to be “fighting like ferrets in a sack” over how to fill the €12 billion annual hole left by the UK’s exit from the EU.
The latest Subsidy Tracker reveals that some of the most prominent Silicon Valley tech corporations enjoy $840 billion in government subsidies.
President Donald Trump’s decision earlier this month to end federal subsidies to insurance companies on the Obamacare exchanges will, ironically, allow many more individuals to qualify for free health insurance.
California and New York will lead 16 states, including D.C., into a lawsuit to preserve subsidies to health insurance companies on the Obamacare exchanges, after a ruling by the U.S. Court of Appeals for the District of Columbia Circuit Tuesday.
Tom Miller, a resident fellow at the American Enterprise Institute (AEI) specializing in health insurance regulation, discussed the Senate’s Obamacare reform bill with SiriusXM host Alex Marlow on Monday’s Breitbart News Daily.
Despite President-elect Donald Trump picking hard-core Obamacare foe Republican Rep. Tom Price (R-GA) as the next Secretary of Health and Human Services, California’s huge Obamacare exchange thinks it can survive the promised “repeal and replace.”
AUSTIN, Texas — Local firefighters are pushing back against a lawsuit alleging they are spending a significant amount of time engaging in union activities when they should be answering calls.
The only good news from California’s wildly subsidized Ivanpah Solar Electric Generating System is that it has reduced its rate of incinerating wild birds from 10 to 2 per hour.
The news that insurance giant Aetna was canceling future ObamaCare expansion plans and also pulling out of most ObamaCare markets has fused the Affordable Care Act bomb for one final, cataclysmic detonation. The whole rotten scheme is falling apart, and it’s
The Prime Minister David Cameron has warned that leaving the European Union (EU) would cost the British farming industry £330 million. Yet Britain currently pays ten times that figure to subsidise its European farming competitors, meaning the government could easily
ObamaCare: we’re forced to buy it at gunpoint, other people are forced to pick up part of the tab at gunpoint, and they still can’t get enough suckers to buy it.
We are all forced, at gunpoint, to lavishly subsidize the manufacture and sale of electric cars, which tend to be a boutique product for very rich people. Every step of production and sale is juiced with subsidies. No one is selling electric cars for their actual market price, and even with all that subsidy sugar to help the medicine go down, hardly anyone is interested in buying them. It’s one of the biggest forced transfers of wealth from middle-income taxpayers to rich people ever conceived.
U.S. Department of Agriculture (USDA) Under Secretary for Farm and Foreign Agricultural Services Michael Scuse, who led a trade mission of representatives from nine state departments of agriculture and 28 U.S. companies to northeast China in 2014, announced that United States ethanol exports to China have increased exponentially.
We have a load of headlines and sound bites about how “the end of the fossil fuel era” and Paris has put oil decisively on “the wrong side of history” – which is, not coincidentally, the same term our effete ruling class and inept President Obama use to describe ISIS terrorism. Meanwhile, as New York magazine noted, many proponents of the Paris plan “agree that its value is more about symbolism and hoped-for gains than near-term substance, and critics are zooming in on the agreement’s lack of legal teeth, as well as how optimistic it seems to be about future international cooperation, technological advancement, and the sustained domestic will within each country.”
As Carlsbad’s $1 billion desalination plant is about to go online in the next 30 days, residents can look forward to paying for huge water subsidies to a private company for the next 30 years.
Dear Mr Delingpole, I am just completing my BA joint honours degree in Candy Crush and Rape Culture studies and wondered whether you could kindly advise me on my career options. A bit about me: I’m a vicious sociopath looking
The dissent, by Justice Antonin Scalia, was blistering. “Words no longer have meaning if an Exchange that is not established by a State is ‘established by the State,'” he wrote.
Everyone knew Gruber was critical to ObamaCare, and when he was caught on tape high-fiving himself for helping to fool what he described as “stupid” American voters with the Affordable Care Act’s web of false promises and ludicrous projections, he was speaking from the Administration’s heart.
There seems to be a lot of confusion regarding how federal subsidies impact the price of goods in the marketplace. While subsidies are often seen as a mechanism to make products cheaper, the reality is, government subsidies do the exact opposite.
The Silicon Valley Business Journal is reporting that “Elon Musk’s Tesla Motors is on track to win $15 million in new tax breaks as part of the final round of this year’s California Competes tax credit.” According to Governor Brown’s GO-Biz website, tax credits are awarded to businesses that come or stay and grow in California. With much of his $13.3 billion net worth coming from tax subsidies, Musk may celebrate his latest gift of “government cheese” from Reno, where Tesla’s highly-subsidized $5 billion giga-factory is being built.
That’s right, ObamaCare victims: those massive premiums you’re struggling to pay, while simultaneously forking over fat tax payments to subsidize the premiums of your neighbors, are much lower than they really should be, because vampire government is also sucking tax money out of you to pay the insurance companies off. The whole scheme falls apart right about the time Barack Obama leaves office, confident that a huge and surly army of insurance welfare dependents, backed up by heavy political and lobbyist artillery from rent-seeking insurance companies, will make his boondoggle indestructible, no matter how unpopular it gets.