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The Congress is preparing to cancel subsidy for corn ethanol and the tax break for oil companies. The tax credit deepened the budget deficit. It also raised corn price and food price as farmers started to replace other crops with corn. However the House of Representatives won't pass any law that would end the subsidy because their paymasters want the subsidy to keep the demand up.

The article focuses on the cost of subsidies for wind farms by stating it is expected to top a billion pounds this year. the government wants to provide subsidies to wind farms mainly because it wants to promote a cleaner energy and sell it for cheaper. However, from the article, it is said that the government does not want to grant that large of an amount because the energy companies make more profit and add on to the household electricity bills.

The article is talking about the subsidy that companies get and make profit but later on these subsidies turn into household electricity bills and it will affect people s ability and willingness of purchasing a product. For the first time the wind farm subsidies hit to the top which is 1£ billion. The biggest earner is Vattenfall which earned 128£ million.

This article is very interesting because it shows another situation pertaining to subsidies that we have not discussed in a lot of depth, this being the removal or reduction of subsidies. This article also shows the clout that the International Monetary Fund holds, as well as the impact that subsides or lack thereof can have on the citizens of the country in which they are implemented. 

This article is about high rice subsidies in Thailand. The subsidies are so high, they are hindering international rice exports.The US is challenging Thailand over its high subsidies, claiming that Thailand is violating regulations put into place by the WTO.

Saaed announced that the government will eliminate subsidies given to gasoline companies.

The article says that Iran began cutting subsidies on energy and food in 2010. The second phase, which targeted gasoline subsidies, was to take effect in March 2012.

The Chinese government has been unfairly implementing subsidies for solar panel companies within China. Thus, the companies have been able to sell their Solar panels at costs that are lower than the cost to manufacture such items. This has caused European companies to ask for intensified investigation from the European Union. However, Europe is reluctant to go at a trade war with China and thus, the situation is gridlocked. Too many companies would suffer from direct war.

The Cuban government will give subsidies to help rebuild the many homes that were damaged by Hurricane Sandy. Building materials will be marked half-price, and for those with low income, subsidies will be provided to cover the entire cost of the materials.

I really enjoyed this article, though it may be a little to subjective at times. However it still arises a great point, this article goes in depth about how the U.S. government has been giving out subsidies to big oil companies. This article also gives a little history and historical background on the topic dating back to when hugo chavez took power in south america. All in all it is a great article.

A new poll shows that India's economic recovery may not go according to plan. The country aimed this year to keep the fiscal deficit at 5.3% of Gross Domestic Product, .5% lower than last year's. Reuters polled 21 different economists to get their opinion on the matter, and most agree that India's higher spending on fuel and fertilizer subsidies could keep the country from reaching its new goal. Because of this, it seems likely that India's credit rating will soon be downgraded from BBB- to a "junk-bond" status.

This article discusses the duopoly in the telecommunication industry here in the UAE, Etisalat and Du. the article clearly points out the fact that both companies over charge, stating that internet here costs 50% more, when compared to internet pricing in the UK. This market was a monopoly, dominated by Etisalat but the entering of DU is said to be rapid and thus they are suffering from some diseconomies of scale. The way the article concluded was quite interesting as it stated that the Abu Dhabi government subsidized it's airline industry so that people could visit and enjoy lower rates, and then says it should keep the broadband cost more competitive so that it can attract the companies of tomorrow