BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Retailers See Market Opportunities Below the Poverty Line]]>http://www.bloggingstocks.com/2009/12/21/retailers-see-market-opportunities-below-the-poverty-line/http://www.bloggingstocks.com/2009/12/21/retailers-see-market-opportunities-below-the-poverty-line/http://www.bloggingstocks.com/2009/12/21/retailers-see-market-opportunities-below-the-poverty-line/#commentsFiled under: , , ,

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

Retailers See Market Opportunities Below the Poverty Line originally appeared on BloggingStocks on Mon, 21 Dec 2009 08:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>costcostco wholesaleDGDollar Generalebtfood stampsgrocery shoppinggrocery storesinthenewsjp morgan chaseJPMJpMorgankrogerretail salesretail stocksretailerstom schoeweunemploymentwal-martwelfarewmtMon, 21 Dec 2009 08:20:00 EST<![CDATA[California issues I.O.U.'s -- eat that seniors!]]>http://www.bloggingstocks.com/2009/07/01/california-issues-i-o-u-s-eat-that-seniors/http://www.bloggingstocks.com/2009/07/01/california-issues-i-o-u-s-eat-that-seniors/http://www.bloggingstocks.com/2009/07/01/california-issues-i-o-u-s-eat-that-seniors/#commentsFiled under: , , , , , , ,

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!

California issues I.O.U.'s -- eat that seniors! originally appeared on BloggingStocks on Wed, 01 Jul 2009 16:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Al FrankenAlFrankenCaliforniaCalifornia State LegislatureCaliforniaStateLegislaturecurrencyfeaturedGolden StateGoldenStateIOUschwarzeneggersenior citizensSeniorCitizensSheldon LiberSheldonLiberState BudgetsState IOUsStateBudgetsStateIouswelfareWed, 01 Jul 2009 16:50:00 EST