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In essence, the accord today lets Mr. Chavez use the increase in oil revenues earned in the United States to subsidize consumption in Cuba, a notion that is sure to appeal to and perhaps even amuse the anti-American faction in his inner circle.
Xie suggests an effective approach to improve the economy would be to subsidize consumption and home purchases.
For people of means, who are likely to have retirement savings plans already, the Universal accounts would help subsidize consumption; for those with limited incomes, they could dangerously divert money away from retirement savings.
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We are currently paying the price in slowed growth for decades of neo-Keynesian policies that penalized savings and encouraged, even subsidized, consumption.
If Saudi net exports fall to the point when the government can no longer afford to subsidize domestic consumption, they will cut subsidies, and domestic consumption will fall.
Middle- and working-class families subsidize luxury consumption that blights the neighborhood.
"We would not ask shareholders to subsidize the consumption of electricity," Mr. Higgins said today in an interview.
Over the last decade, however, Americans have come to expect their health insurance to subsidize the consumption of all medical care.
In many nations, gas taxes have been rising, but, according to a paper published today in Nature Energy, many other governments subsidize gasoline consumption instead.
But even today, four dollars are spent to subsidize the consumption of fossil fuels for every one dollar spent to subsidize renewable energy.
Over the last week, Riordan has promised to be "sensitive to the energy needs" of the rest of the state, but said the city cannot subsidize power consumption outside Los Angeles.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com