WWW - Posts tagged Welfare at BloggingStocks

welfare posts

Retailers See Market Opportunities Below the Poverty Line

Posted Dec 21st 2009 8:20AM by Tom Johansmeyer (RSS feed)
Filed under: Wal-Mart (WMT), JPMorgan Chase (JPM), Kroger Co (KR), Costco Wholesale (COST)

Food stamps are pumping up revenue at retailers across the country. Costco (COST), Wal-Mart (WMT) and others are seeing rushes an hour before funds are credited to electronic benefits transfer cards. Wal-Mart's CFO, Tom Schoewe, has noted the trend, telling Reuters, "Once the clock strikes midnight [on the last day of the month] and EBT cards are charged, you can see our results start to tick up."

Spending via EBT is not only increasing, it generally happens quickly. JPMorgan (JPM), which runs EBT programs for more than 20 states, reports that buyers run through 85% of food stamp funds within the first three days of their availability.

Continue reading Retailers See Market Opportunities Below the Poverty Line

California issues I.O.U.'s -- eat that seniors!

Posted Jul 1st 2009 4:50PM by Sheldon Liber (RSS feed)
Filed under: Other Issues, Bad News, Rumors, Rants and Raves, Scandals, Politics, Headline News, Recession

This is unbelievable! California (my home state) is going to issue I.O.U.'s to seniors, disabled and welfare recipients starting tomorrow because our State Legislature cannot agree on a budget. This is outrageous beyond belief!

Next time someone refers to California as the "Golden State" the laughter from all corners of the nation will be deafening. They say that California Bonds and Schools will not be affected.

What I want to know is whether the politicians will be getting paid in I.O.U.'s. There are many people in the land of the petition and ballot initiative that would be in favor of a law that says the politicians do not get paid for twice the time it takes to settle the budget beyond yesterdays (June 30) deadline.

Continue reading California issues I.O.U.'s -- eat that seniors!