Friday, May 30, 2008

More economic issues

Americans' Record $4 Gasoline Price Remains Bargain in Europe...
WAL-MART puts squeeze on food costs...
Workers shifting to 4-day week to save gasoline...
Fed to make fresh batch of bank loans...

...banks likely to fail as bad loans soar


America's Money: Debt crush: Americans deep in debt are struggling more than ever amid the credit crisis and economic downturn.

Rising Prices Hit Home For Food Stamp Recipients: At a time when food prices are soaring, a growing number of Americans are struggling financially and local social service agencies are seeing record numbers of applicants, advocates are concerned that the purchasing power of food stamps has shrunk since 1996, when Congress recalculated benefit levels.

Food banks face high costs but feeding more people: Like nearly a third of the first 50 customers to arrive at the Emergency Food Bank of Stockton that morning, Hoffman was new to the pantry. But since she lost her sales job at a local newspaper in December, she has not found work in Stockton, which has the highest foreclosure rate in the country and a hurting job market.

Fed Assets Running Dry?

Surviving The Coming Inflationary Debacle

US Home Prices Fall Record 14.1% In 1st Q

US Housing Drops Further - Down 14.4% In March

Germany Joins Call For Oil Speculators BAN

UK House Prices Fall - Buyers /Go On Strike'

George Soros - Rocketing Oil Is A Bubble

EU Trade War With US Looms Over Biofuel

1 comment:

DTAOhio said...

The failure on the part of government to ensure that all families have sufficient income to meet their basic human needs has caused holes in the financial safety net to steadily worsen over the years. Our government’s failure to prioritize the needs of the poorest of the poor is causing increased hardships among those least suited to survive them.
Simultaneously, other challenges facing many of these same families are growing worse as a result of insufficient support for basic child welfare, mental health and substance abuse programs. These issues are bound together. It is virtually impossible to resolve many of the behavioral health issues families are facing when they must focus all of their energy on simply surviving.
We must place a greater priority on financial resources for the poorest of the poor. We must provide sufficient benefits through our safety net programs to meet all basic needs for these families. This is already a crisis for the people affected by these issues.
We call upon our state and federal elected representatives to not turn away from these serious problems.
We must take immediate action!
Please contact your federal and state elected officials to urge them to address these issues!