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Fund Strategy (May 25)

2017/ 05/ 27 by jd in Global News

Fee pressures are clearly being felt in the European fund market. Amid the rush to cap fees, “nearly 80 per cent of fund managers subsidise funds’ expenses, 19 per cent of the recorded subsidies also exceeds funds management fees.”

 

Reuters (April 14)

2017/ 04/ 16 by jd in Global News

“While individual companies are hesitant to criticize China for fear of backlash, critics from U.S. business groups accuse Beijing of unfairly subsidizing domestic firms and restricting foreign investment into much of the world’s second-biggest economy.” Meanwhile, U.S. business leaders may also be wary of offending President Trump even thought they are concerned given the “skin-deep results from Trump-Xi trade talks.”

 

Financial Times (March 28)

2017/ 03/ 29 by jd in Global News

“Helped by generous subsidies from Beijing, Chinese industrial fishing fleets are travelling further and further from their depleted home waters to find fish and squid, leading to growing tension with even friendly countries such as Argentina.”

 

Wall Street Journal (September 3)

2016/ 09/ 05 by jd in Global News

“All across American agriculture, production is up and prices are down.” With bumper crops expected, “corn prices have tanked, dropping to about $2.85 a bushel today from $6.50 three crop-seasons ago.” The Department of Agriculture is stepping in to help farmers with some subsidies and other programs, but what farmers really need is for Congress to “approve the Trans-Pacific Partnership,” which would boost demand overseas substantially.

 

Forbes (August 22)

2014/ 08/ 24 by jd in Global News

Steve Forbes urges India’s new Prime Minister Narendra Modi to first create a “sound and stable currency” through disciplined monetary policy that initially includes a dollar or euro peg. Among his other tips: “Simplify the tax code with a low-rate flat tax” and “Be extremely cautious in attacking subsidies, especially those that benefit the poor, until the economy is in a true boom.”

 

Chicago Tribune (August 22)

2013/ 08/ 23 by jd in Global News

In light of the growing prosperity of farmers, Congress should reduce subsidies. “It’s time to draw the line. It’s time to pass a farm bill that eliminates the costly and unnecessary $5 billion a year in direct payments to farmers and landowners. Farm income has soared from $75.6 billion in 2009 to $99.4 billion in 2010, $134.7 billion in 2011 and $135.6 billion in 2012.”

 

Washington Post (June 6)

2013/ 06/ 08 by jd in Global News

The U.S. stands to benefit if Abenomics succeeds in strengthening its key ally in Asia. Prime Minister Abe’s first two arrows have hit their marks. The third yet-to-materialize arrow, however, has by far the hardest target of tackling the entrenched “source of Japan’s woes: a vast web of regulations, subsidies and trade barriers whose net effect has been to support inefficient sectors, and the voters who live off them, at the expense of growth and innovation. Japanese productivity has remained essentially flat for the past two decades, a dangerous state of affairs in a country with a shrinking labor force and a growing dependent elderly population.”The U.S. stands to benefit if Abenomics succeeds in strengthening its key ally in Asia. Prime Minister Abe’s first two arrows have hit their marks. The third yet-to-materialize arrow, however, has by far the hardest target of tackling the entrenched “source of Japan’s woes: a vast web of regulations, subsidies and trade barriers whose net effect has been to support inefficient sectors, and the voters who live off them, at the expense of growth and innovation. Japanese productivity has remained essentially flat for the past two decades, a dangerous state of affairs in a country with a shrinking labor force and a growing dependent elderly population.”

 

New York Times (June 24)

2011/ 06/ 25 by jd in Global News

The price of corn has more than doubled in less than a year. Much of the blame lies with subsidies for ethanol, which now consumes 40% of the corn crop. “Washington has managed simultaneously to help drive up food prices and add tens of billions of dollars to the deficit, while arguably increasing energy use and harming the environment.”

 

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