1.
U.S. markets recover from steep losses
ROME, Dec. 10 (UPI) -- The Italian government says it's shoring up the parmigiana market by buying 100,000 wheels of the famed cheese to give to charity.
Despite a strong demand for the cheese in Italy and abroad, parmigiana producers are struggling to make money, which puts parmigiana's future at risk, The Wall Street Journal reported Wednesday.
The government is buying the chunks of cheese, which weigh about 77 pounds each, with money from a special European Fund meant to feed poor people, the Journal reported.
"Parmigiana is almost indispensable," said Antonio Piermani, a bar owner in Rome who buys about 8 pounds a month to grate over pasta.
Critics of the bailout, however, say it sets a bad example, especially in a country that has garnered criticism for bailing out its airline Alitalia.
"If you spend money on parmigiana, then on cabbage, then on Alitalia ... you're using state resources to help those that are inefficient," said Carlo Stagnaro, head of research at the Italian think tank Istituto Bruno Leoni.
|
|
|
|
|
|
| Additional Business News Stories | |
ERBIL, Iraq, May 24 (UPI) --
Plans for Iraq's semiautonomous Kurdish enclave to build an oil pipeline to Turkey points to a major political and economic realignment in the Middle East that will impact heavily on Iraq.
|
SEATTLE, May 24 (UPI) --
The flight decks and avionics of the U.S. and NATO Airborne Warning and Control System aircraft fleet will be modernized under a $368 million Boeing contract.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
It is a whole new ball of wax in Europe these days.
|
| Stories | Photos | People | Comments |
View Caption
