Word: farm
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...less a free-marketeer than George W. Bush had high praise for a farm bill laden with $83 billion in government subsidies. "It helps America's farmers, and therefore it helps America," he said at the May signing...
...closer look at the farm bill that takes effect Aug. 1 shows that two of the biggest beneficiaries are not really farmers. A deeply buried provision raises the level of subsidies to cotton mills and shippers. Sources tell TIME those businesses could reap $1.5 billion over the next six years--at a higher rate of increase than what Congress provided for cotton farmers themselves...
Osterman comes from a family of engineers. She grew up on a farm and has always been fascinated with how things are put together. Some of her most interesting work experiences, Osterman says, come from sitting around the negotiating table and watching the jockeying that goes on between large airlines and smaller competitors for everything from airport space to baggage-system access. "Once when another airline doctored some figures and presented them in public, I didn't shout or even object," she says, recalling a wrangle about an airport issue. "I waited until after the meeting and bluntly told...
...breezy stretch of the North Sea 14 km off the west coast of Denmark, the world's largest offshore wind farm is under construction. When the installation at Horns Rev is completed later this year, it will have 80 towering windmills, each producing about 2 megawatts of electricity. That's enough to power 133,000 households. More important, the addition of Horns Rev and a second offshore wind farm will boost Denmark's output of wind-powered energy next year to 21% of the country's total electricity production, the highest in the world. "Wind power has finally entered...
...decided that wind power should be priced according to the market two years ago, construction of new turbines has fallen sharply. One of the beneficiaries of Denmark's early move into wind power is Vestas Wind Systems, based on the North Sea coast in Ringkobing. Originally a maker of farm equipment, Vestas began manufacturing windmills as a sideline and sold them to farmers. The company, which now makes only wind turbines, is the largest manufacturer of them in the world, claiming a 24% market share. Starting with 60 employees after a bankruptcy filing in 1986, the company now employs...