Jan 9, 2011

More than an eighth of U.S. on food stamps

Bloomberg: The number of Americans receiving food stamps rose to a record 43.2 million in October as the jobless rate stayed near a 27-year high... subsidies for food purchases jumped 15 percent from a year earlier, the U.S. Department of Agriculture said today in a statement on its website. Participation has set records for 23 straight months.HTML clipboardhttp://beetlebabee.files.wordpress.com/2009/08/no_water_no_jobs.jpg?w=477&h=357

And the number of poor in America could be Millions higher
Bloomberg - The number of poor people in the U.S. is millions higher than previously known, with 1 in 6 Americans — many of them 65 and older — struggling in poverty due to rising medical care and other costs, according to preliminary census figures released Wednesday.

Under a new revised census formula, overall poverty in 2009 stood at 15.7 percent, or 47.8 million people. That’s compared to the official 2009 rate of 14.3 percent, or 43.6 million, that was reported by the Census Bureau last September.


Also  Global food price index hits record high
FAO food price index hits record high in December
Global food prices rose in December, with the FAO Food Price Index at a record high, the U.N Food and Agriculture Organization said on Wednesday, past 2008 highs when rising food prices sparked riots in a number of countries.
HTML clipboardhttp://dogonablog.files.wordpress.com/2007/01/winkle1.jpg
Up for the sixth month in a row and fueled by surging sugar prices and rises in cereals and oils, the index was the highest since records began in 1990, in nominal terms, and topped the high of 213.5 in June 2008, during the food crisis of 2007/08.

The index, which measures monthly price changes for a food basket composed of cereals, oilseeds, dairy, meat and sugar, averaged 214.7 points last month, up from 206.0 points in November.  - Reuters