subsidies

(Newser) - Professional sports stadiums have seen an enormous boom since 1990, often drawing on millions of dollars in public financing. Economics professor Dennis Coates, writing in the American, examines whether the expenditures actually benefit local economies—and  finds the answer a general "no." Stadiums actually reduce per-capita income, drive...

(Newser) - Soaring food prices are putting pressure on Congress to withdraw some of the billions in  farm subsidies and ethanol incentives that have been considered politically untouchable for decades, the Los Angeles Times reports. With average farm income more than $89,000 this year—30% above the national average—the White...