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About 1 in 7 in U.S. Receive Food Stamps

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5/7/2011

The number of food stamp recipients

was essentially flat in February, the most recent month available, with 44.2 million Americans receiving benefits, according a new report from the U.S. Department of Agriculture. The food stamp program ballooned during the recession as workers lost their jobs or saw their hours and income reduced. The rise in recipients has begun to flatten in recent months, which may mean that as the economy is improving fewer Americans are seeking to join the program. Enrollment in the program is still high though, with 11.6% more people tapping benefits in February than the same month a year earlier.


      
AMERICA’S economic recovery will soon be two years old, yet it remains disappointingly weak. That is due, more than anything, to the painful process of deleveraging, as banks and borrowers work off a mountain of debt. There are, however, glimmers of a turn-around. A survey released on May 2nd by the Federal Reserve found more banks easing standards for consumer loans than at any time since 1994. And sure enough the figure for consumer loans excluding property has risen in recent months. 
     
NEW YORK — The "Made in the USA" label may be poised for a comeback, a new study argues. The next few years will bring a wave of reinvestment by U.S. multinational manufacturers in their home base, as rising wages and a strong yuan currency make China a less attractive production center, the paper by the Boston Consulting Group predicts.
     
Maryellen "Mel" Healy and her husband, Vincent Cerniglia, are lifelong musicians. Healy once fronted a band called Mel and the Meltdowns; Cerniglia recorded albums called Voodoo Blues and Doodyhead #1. Both now 58, they enjoy performing together as Mel and Vinnie. When they chanced upon a one-bedroom condo within walking distance of a beachside open microphone night in Lake Worth, Fla., they leaped to buy it. The price: $33,000.
"We just wanted to be able to walk to the ocean, and in a week we owned the condo," says Healy, a retired teacher.


 

 

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