Time to THINK
Monday June 9, 9:26 pm ET
Bernanke: Danger of 'substantial downturn' has faded despite big jump in jobless rate
WASHINGTON (AP) -- Despite a recent spike in the nation's unemployment rate, the danger that the economy has fallen into a "substantial downturn" appears to have waned, Federal Reserve Chairman Ben Bernanke said Monday.
U.S. food stamp use up sharply, sign of hard times
Mon Jun 9, 6:24 PM ET
WASHINGTON (Reuters) - Some 27.88 million Americans received food stamps in March, up 1.5 million from a year earlier, according to the latest U.S. government figures which antihunger experts pointed to on Monday as a sign of economic distress.
"What's happening is we have a large number of families in poverty who are losing income while their expenses are going up," said Stacy Dean of the Center for Budget and Policy Priorities, a think tank.
Food stamps help poor people buy food. Benefits average $1 per meal.
Either those people needing food stamps don't know that the downturn is not severe or Behind the Times Benny is missing the picture