Tag Archives: food stamps

  • Blog
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    The Periphery is Failing

    The next big economic dislocation might be only weeks away
    by Chris Martenson

    Tuesday, August 27, 2013, 8:04 PM


    For years we've preached the From the Outside In principle of markets: When trouble starts, it nearly always does so out in the weaker periphery before creeping towards the core.

    We saw this in the run-up to the housing bubble collapse, as sub-prime mortgages gave way before prime loans, and in Europe, as smaller economies like Greece, Ireland, and Cyprus have fallen first and hardest (so far).  We see this today in accelerating food stamp use among poorer U.S. households.  In each case, the weaker economic parties give way first before being followed, over time, by the stronger ones.

    Using this framework, we can often get several weeks to several months of advance notice before trouble erupts in the next ring closer to the center.

    Which makes today notable, as we're receiving a number of new warning signs.  The periphery is giving way.

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  • Daily Digest
    Image by EpSos.de, Flickr Creative Commons

    Daily Digest 7/10 – IMF Cuts Growth Forecast For World Economies, Canadians Struggle With Saving

    by saxplayer00o1

    Wednesday, July 10, 2013, 2:21 PM

    • Illinois lawmakers seek more information in hunt for fix to $97 billion pension crisis
    • IMF cuts growth forecast for U.S., world economies
    • Nurses' strike hits Portugal hospitals
    • Seniors find it harder to get home-delivered meals (Florida)
    • Chicago gun violence: 74 people shot, 12 killed over July 4 weekend
    • Job cuts: Mining companies to trim operations by 3,500 (Ghana)
    • Financial Crisis Just a Symptom of Detroit’s Woes
    • Furloughs Have Begun for Nearly 50,000 Full-Time Guardsmen Nationwide, Including Guam
    • Mining services industry forced to adapt to end of coal boom in Queensland's Bowen Basin
    • USDA: One In Six Americans Use Food Stamps
    • Puerto Rico sees surge in homeless population
    • Tuition at 14 Pennsylvania universities to rise 3 percent
    • Eurozone jobless rate worse than OECD average
    • Canadians struggle with retirement saving
    • Italy's rating lowered one notch to BBB: S&P
    • Gold borrowing cost hits post-Lehman high
    • Study: State's pension debt spiked since February (California)

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  • Daily Digest
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    Daily Digest 6/12 – CO Food Stamp Use Doubles, Mini Flash Crashes Strike Again

    by saxplayer00o1

    Wednesday, June 12, 2013, 11:46 AM

    • California tops list of states with water infrastructure needs
    • Pennsylvania struggles to chip away at bridge problem
    • Sacramento County sheriff warns of big patrol cuts at budget hearing
    • States look to tax hybrids to recoup road funding
    • May Gold Sales Fall At Perth, U.S. Mint
    • Food Stamp Use Doubles In Colorado
    • Retirement savings: Why $1M may not be enough
    • Dramatic honeybee shortage threatens Calif. almond crop, nation's food supply
    • Mini flash crashes strike again
    • Cost of insuring emerging market debt soars on fears Fed will taper

    Read More »

  • Blog

    Marking the 4-Year Reflationary Rally: How Much Better Off Are We Really?

    Growing amounts of data show a failure to thrive
    by Gregor Macdonald

    Monday, May 6, 2013, 3:31 PM


    The U.S. stock market rally has recently passed its fourth anniversary after the terrifying lows of March 9, 2009.

    During that time, massive and unconventional reflationary policy from the Federal Reserve has managed to lift the S&P 500 by nearly 70%. But perhaps even more improbably, it has finally (?) built a floor under U.S. residential real estate prices.

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  • Daily Digest
    Image by Leonid Mamchenkov, Flickr Creative Commons

    Daily Digest 4/17 – Cyprus Braces For Russian Exodus, Half NYC Workforce On Food Stamps

    by saxplayer00o1

    Wednesday, April 17, 2013, 6:37 PM

    • Ohio’s $500 Billion Oil Dream Fades as Drillers Misjudge: Energy
    • Cyprus braces for Russian cash exodus
    • Italy May Cut $6.6 Billion in Defense Spending This Year
    • Detroit's encroaching blight as seen through Google and Bing maps
    • Smithsonian to close galleries due to budget cuts
    • Three-fold increase in demand for Gold: Jewellers
    • Bailouts push German debt to new record
    • Italy's temporary layoff scheme runs out of cash, sparks protests
    • Almost half of NYC workforce on food stamps
    • Let them eat vegetables: Egypt's wheat farmers hit hard by diesel price hikes
    • South Korea Proposes $15.3 Billion Stimulus Budget
    • EU warns of budget constraints as Cyprus seeks more aid

    Read More »

  • Blog
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    The Structural Endgame of the Fiscal Cliff

    It's not just a temporary political event
    by charleshughsmith

    Wednesday, December 26, 2012, 6:51 PM


    To understand this endgame, we need to start with the financial and political basics of wealth and power in the U.S.

    1.  Wealth and thus political power are highly concentrated.  The dynamics of rising wealth disparity and the increasing concentration of wealth are debatable; the disparity is not.  Roughly 70% of all financial wealth is held by the top 5%; within this top layer of ownership, the top ½ of 1% hold an outsized share.

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  • Blog

    Daily Digest 1/12 – Food Prices to Soar, Portugal Debt Woes Grow, Restaurants Could Be Food Stamp Option

    by saxplayer00o1

    Wednesday, January 12, 2011, 4:00 PM

    • US EIA Jan Outlook: Sees Oil Prices At $99 By End-2012
    • Governor To Disconnect 48,000 Cellphones In Hands Of State Workers (California)
    • Food Prices To Soar
    • Christie Calls for New Jersey Pension Overhaul, Education Cuts
    • Fiscal Challenges Deepen For Md. Lawmakers
    • Japanese Pledge Eases Tension In European Markets
    • Newark Losing Police Horses Due To Budget Woes
    • Atlantic City Casino Revenue Falls To $3.57bn In 2010
    • Villaraigosa Threatens Layoffs And Furloughs (Los Angeles)
    • Portugal Debt Woes Grow As Economy Now Seen Shrinking In 2011
    • Texas’s Perry Faces Record Budget Gap on Revenue Drop
    • Restaurants Could Be Food Stamp Option For Some (San Diego)

    Our ‘What Should I Do?’ guide offers tips for how to stay healthy in an emergency.

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  • Blog

    Daily Digest 1/8 – Europe to Govern Reckless Banks, Brazil Curbs Rising Currency, New High for Food Stamps

    by DailyDigest

    Saturday, January 8, 2011, 5:56 PM

    • Why the World Is Financially Doomed in Four Charts
    • Thrilling Thursday – Comedy or Tragedy?
    • Europe Unveils Sweeping Plans To Govern Reckless Banks
    • Brazil Moves To Curb Rising Currency
    • Spanish and Portuguese Bonds Hit Hard on Sovereign Debt Financing Concerns
    • China Helps Take Pressure Off Euro
    • Food Stamp Usage Hits New High Of 43.2 Million

    Get started building resilience into your life with our ‘What Should I Do?’ guide

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  • Blog

    Daily Digest 11/24 – Fed Downgrades Projections, High Soup Kitchen Demand, Home Sales Fall

    by saxplayer00o1

    Wednesday, November 24, 2010, 4:00 PM

    • Fed Downgrades US Economic Projections
    • Ireland Said to Require 85 Billion Euros for Rescue
    • Spain Forced to Double Rates at Bond Sale
    • Michigan to Curb Road Projects as Gas Tax Revenue Shrinks
    • Cleveland Schools Face $58 Million Budget Deficit in 2012
    • Spain and Portugal Under Fire as Bond Spreads Hit Record
    • NC Governor Perdue Contemplating Massive State Budget Cuts
    • IMF’s Lipsky Says Portugal Hasn’t Sought Financial Aid, Facilities Exist
    • Euro at Stake, German Finance Chief Warns
    • S&P Downgrades Additional $8.05 Billion Of CDOs On Subprime Woes
    • Euro in `Exceptionally Serious’ Situation Amid Irish Bailout, Merkel Says
    • Bailout for Spain Would Empty European Coffers, Analysts Warn
    • Report: City’s Food Pantries, Soup Kitchens Cope With Higher Demands
    • San Diego County Expanding Food Aid But Still Covers Less Than Half Of Those Eligible
    • Time-Lapse Video Shows Food Stamp Usage (News video)
    • Putin: More Trade with China in Local Currencies
    • Home Sales Fell 2.2% in October

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  • Blog

    The Future Has Arrived

    by Chris Martenson

    Monday, February 22, 2010, 4:33 AM

    A new Martenson Report is ready for enrolled members.
    Link The Future Has Arrived

    Executive Summary

    • The future has arrived.
    • The “Broken Windows Theory” explains a lack of media coverage.
    • Detroit is falling apart.
    • Refugees are leaving urban centers.
    • North Dakota’s homeless numbers are increasing.
    • Food stamps use rises sharply.
    • State of distress – the public vs. private battle intensifies.
    • We need to change our stories.

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