(Credit: Getty Images) (CBS News) Alcohol in Scotland is about to get more expensive. The Scottish Government announced today that it will set a minimum price of 50 pence per unit (10 milliliters) of alcohol - or about $0.81 for every 0.34 fluid ounces of booze.
United Continental Holdings (UAL.N), AMR Corp's American Airlines (AAMRQ.PK), Southwest Airlines (LUV.N) and US Airways (LCC.N) all said they have matched it
Oil prices initially rose on Thursday as the euro rallied and a Nigerian union threatened to shut down output, but they later eased on a report that the European Union could delay a ban on Iranian exports by six months. U.S. February crude oil was down 1.6 percent at $99.26 a barrel after earlier reaching above $102.
European law requiring airlines to pay for aircraft emissions.
Brent oil for July settlement gained 26 cents, or 0.3
percent, to $99.10 a barrel on the London-based ICE Futures
Europe exchange.
New York crude is set to rebound based on a technical
indicator that shows a decline of more than 20 percent fro
bear market conditions
Futures
Futures
“The inventory decline doesn’t change the overall outlook
much, but at least it’s headed in the right direction,”
The relative strength index, or RSI, has been below 30
since May 11, signaling that oil is poised to climb, said
Richard Ross, a technical analyst at brokerage Auerbach Grayson
& Co. in New York. The 14-day RSI, which identifies possible
turning points in markets, dropped to 16.3 on June 1, the lowest
level since February 1986.
America's corn farmers have been benefiting from annual federal subsidies of around $6 billion in recent years, all in the name of ethanol used as an additive for the nation's vehicles.
Tax credit, a form of subsidy, keeps the price low and companies profitable.
corn ethanol, which now takes a larger share of the U.S. corn crop than cattle, hogs and poultry, as a factor in driving food prices higher.
What the industry doesn’t want to see, however, is an end to a separate tax credit for ethanol made not from corn but non-foodstuffs like switchgrass, wood chips and even the leaves and stalks of corn.
Possible evaluations 1) why government wants to keep one type of subsidy while getting rid of the another type?
2) pros and cons of keeping this subsidy
Possible evaluations 1)pros and cons of having subsidies for ethanol 2)was the subsidy effective 3) why did the government implement this in the first place 4) what could the government have used other than tax credit
Supporters estimate the $1.25 per pack increase could raise $50 million for the state as well as encourage people to quit or not pick up the habit
If Carbon becomes more expensive, this reduces the number of firms which still can afford the price and therefore leads to reducing the amount of Carbon.
This can be explained to support why when an economy is in recession, it has a similar impact as minimum price has. In addition, this also has a negative affect on the government who has the benefit of minimum price since then they are able to collect the money. Therefore this reduces the intention of the government to set a minimum price since they would have less benefit when the economy is in a recession.