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South Korea boosts childbirth bonuses and housing subsidies to combat plummeting fertility rate

January 08, 2024 -

The proposed measures, introduced by the Ministry of Health and Welfare, seek to encourage more couples to raise children to improve the country's low fertility rate. This low rate has been attributed to a variety of factors, including high housing costs, intense and expensive competition in children's education and increasing gender tensions.

According to the ministry, under the new law, the government will offer cash incentives for childbirth, such as ?2 million ($1,521) ...

BILLIONS in taxpayer-funded subsidies are going to foreign corporations thanks to Biden’s signature climate law

July 24, 2023 -

Thanks in part to the passage of President Joe Biden's so-called landmark legislation, the Inflation Reduction Act (IRA), nearly $110 billion in American clean-energy projects have passed since last year.

But an analysis by the Wall Street Journal notes that more than 60 percent of the IRA subsidies for these projects are going to companies based overseas, largely from South Korea, Japan and China.

Of the 20 largest such investments, nearly all of which are electric ...

BURNING CASH, NOT GAS: Federal, state subsidies for EVs cost $50,000 per car over a 10-year period

November 15, 2023 -

But according to a think tank, it might not be worth investing in EVs because they might cost more money in the long run. The Texas Public Policy Foundation, a conservative think tank, conducted a study into electric cars to shed some light on the true cost of EVs for the average American taxpayer.

Based on the study, the authors estimated that the average EV incurs hidden costs of at least $48,698 over a 10-year period. Jason Isaac, one of the authors, explained that ...

Around 25% of political donations received by Australia’s four biggest parties are untraceable

2 months ago -

This is according to a report from the Australian Electoral Commission (AEC), which found that between 21 percent to 27 percent of donations and other receipts to the Labor Party, the Liberal Party, the National Party and the Greens came from unnamed sources.

Untraceable donations to these four largest political parties amounted to A$56.8 million ($37.06 million). This is down from the so-called "dark money" recorded during the election season ending in May 2022, when the ...

TRUE cost of owning an EV equates to $17.33/gal of gas, study reveals

November 07, 2023 -

The Texas Public Policy Foundation (TPPF) conducted the research, which indicated that EVs do not stand alone in comparison with other vehicles because of the "wide array of direct subsidies, regulatory credits and subsidized infrastructure that contribute to the economic viability of EVs." According to the paper, "adding the costs of the subsidies to the true cost of fueling an EV would equate to an EV owner paying $17.33 per gallon of gasoline. And these estimates do not ...

GREEN MIRAGE: World’s biggest offshore wind farm developer warns industry is in serious trouble

September 14, 2023 -

The world's biggest offshore wind farm developer, the Danish energy firm Orsted, has seen its value fall by 31 percent since declaring $2.3 billion of U.S. impairments last month. The company, which is a key player in the American market, is struggling amid high interest rates and delays in supplies, along with a lack of new tax credits.

CEO Mads Nipper issued a warning to investors during a conference call, cautioning: "The situation in U.S. offshore wind is severe....

German Vice Chancellor Habeck calls Biden administration’s unlimited fund for “green” projects a DECLARATION OF WAR

August 16, 2023 -

But many countries, even those with more developed economies, are struggling to compete with the incentives being offered by the United States. The massive tax credits have even wrinkled American allies in the European Union (EU). German Vice Chancellor and Minister for Economic Affairs and Climate Action Robert Habeck even called American incentives "a declaration of war."

"The [Americans] want to have the semiconductors, they want the solar industry, they want the hydrogen ...

Big Tech and Big Government to subsidize salaries of MSM journalists in Canada

December 12, 2023 -

LifeSiteNews expounded on the $100 million agreement involving search engine giant Google and the government of Canadian Prime Minister Justin Trudeau. The outlet also cited the augmented subsidies from Ottawa as outlined in the Fall Economic Statement. These two, LifeSiteNews said, are poised to significantly subsidize the salaries of MSM journalists.

Rudyard Griffiths, journalist and executive director of Canadian news site The Hub, said journalists earning up to ...

THIS DOESN’T ADD UP: Joe Biden gives auto companies BILLIONS in taxpayer dollars while auto worker wages are getting CUT IN HALF

July 13, 2023 -

Biden has long touted himself as a proponent of replacing the millions of cars on America's roads with electric vehicles. In his Inflation Reduction Act, automakers that produce EVs and the batteries needed to power them could soon see a windfall of over $220 billion by 2031 in the form of taxpayer-funded subsidies. (Related: Biden's EV program is alienating allies in the United Auto Workers, who fear the push will lead to fewer well-paying union jobs.)

These massive subsidies ...

Farmer protests erupt across Europe over GREEN POLICIES that demand the obliteration of food production

January 29, 2024 -

Farmer protests have sprung up in France, Germany and Romania ahead of the 2024 European Parliament election in June. The farmers' demands vary in general, but they are all suffering from environmental reforms and need more government subsidies to offset their losses.Farmers in France forced government to address agricultural issues

Over the past few days, mass protests in Southern France have forced the government to address farmers' issues.

On Jan. 22, Prime ...

Ford Motor Company scales down EV investments at Michigan plant due to declining demand and inflation pressures

December 08, 2023 -

According to Ford spokesperson Mark Truby, the company initially planned to invest $3.5 billion in the factory, known as Blue Oval Battery Park, to produce 35 gigawatt hours of batteries annually with approximately 2,500 employees. Ford plans to rely on licensed Chinese technology from Contemporary Amperex Technology Co. Limited (CATL), a Chinese firm and the world's largest manufacturer of EV batteries, to produce EV batteries at Blue Oval.

However, Ford now intends ...

German gov’t plans to subsidize UP TO 80% of energy costs for certain industries

May 12, 2023 -

Economic Affairs and Climate Action Minister Robert Habeck put forward the plan, which would see German industries pay a subsidized electricity price of €0.06 ($0.66) per kilowatt hour (kWh) until at least 2030. At present, the average electricity cost for businesses in Germany stands at about €0.25 ($0.27) per kWh including taxes.

German state broadcaster Deutsche Welle reported that under Habeck's proposal, taxpayers will shoulder energy costs for these industries. Between ...

New study: Charging an EV is equivalent to filling up a traditional car with gasoline worth $17.33 per gallon

December 19, 2023 -

The report, titled "Overcharged Expectations: Unmasking the True Costs of Electric Vehicles," shows that $22 billion in government handouts to EV owners and manufacturers cover additional expenses from raw material sourcing to battery charging. This, in turn, reveals that, with government subsidies and hidden expenses, the true cost of charging an EV is equivalent to $17.33 per gallon of gasoline, far exceeding the often-cited $1.21 per gallon.

TPPF also points out ...

John Kerry admits NUCLEAR ENERGY is necessary but continues to push for wind and solar instead

October 04, 2023 -

He made this admission during a speech delivered at a Sept. 18 meeting of the Atlantic Council. "You will have to have some component of nuclear [energy] – yet to be determined how big or where it'll go," said Kerry.

"That's going to be a market-based reaction. Most scientists will tell you [that net zero by 2050 is impossible] unless we have a pot, a mixture of energy approaches. Clearly, we're going to need nuclear [energy] to be a part of that." (Related: There is ...

Ford pauses construction of $3.5 billion EV battery plant in Michigan amid scrutiny over CCP involvement with the project

September 27, 2023 -

Ford announced plans to construct the 950-acre BlueOval Battery Park in the small town of Marshall, Michigan, around 90 miles west of Detroit, on Feb. 13 and promised that the project would bring 2,500 jobs to the town of under 7,000 residents. But a statement from Ford spokesperson T.R. Reid has put all of this work on hold.

"We are pausing work and limiting spending on construction on the Marshall project until we're confident about our ability to competitively operate ...

German truckers, factory workers join farmers’ protest against incumbent left-cult government that’s trying to DESTROY FARMS and the food supply

January 21, 2024 -

Truck drivers, factory workers and even firefighters cheered the rallyists, who objected to diesel prices and road toll increases. "In addition, we are fighting to maintain our existing subsidies," said one farmer, Hubertus Krupp, when asked why he attended the said gathering.

The dissent has been ongoing for a few days across the country because farm workers were also complaining about the proposed revocation of tax relief for agricultural workers. They are also protesting ...

Electric car sales growth slows by nearly 50% in 2023

January 16, 2024 -

This is according to the EV and battery market analysis firm Rho Motion, which found that EV and PHEV sales in 2023 rose by only 31 percent, down from the 60 percent growth these same car categories posted in 2022.

But Rho Motion and other industry insiders claim that this is all a normal part of the life cycle of a burgeoning industry. Charles Lester, a data manager for Rho Motion, noted: "You can't double every year."

"The pace of growth is slowing, but that's ...

The great reset didn’t work: The case of EVs

2 months ago -

(Article by Jeffrey A. Tucker republished from Brownstone.org)

Every bit of the warnings proved true. You see it in every story in the news. It’s behind every headline. It’s in countless family tragedies. It’s in the loss of trust. It’s in the upheaval in industry and demographics. The fingerprints of lockdowns are deeply embedded in every aspect of our lives, in ways obvious and not so much.

Actually, the results have been even worse than critics predicted, simply ...

Bureau of Labor Statistics reports ZERO GROWTH in manufacturing jobs in March

8 days ago -

This comes from the BLS's latest Employment Situation Summary for March, revealing that the number of manufacturing jobs in the United States remained at 12,956,000 – a figure that has not changed since February, following a decline of 10,000 jobs from January.

The figure comes despite the Biden administration launching an aggressive campaign to increase manufacturing employment through public subsidies enacted under the Infrastructure Investment and Jobs Act (IIJA) of 2021 ...

Germany’s renewable energy sector “facing the abyss” and leading to widespread economic decline

January 04, 2024 -

When inflation and interest rates were lower, the renewable energy industry in Germany may have been booming, but raw materials are becoming more difficult to secure and manufacturers are failing to keep up. According to Blackout News, “the outlook for the renewable energy sector has deteriorated drastically." The outlet reports that the country’s green energy sector is now “facing the abyss” and “on the brink.”

While global stock markets have climbed by 11 percent during ...