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post #1 of 7 (permalink) Old 03-24-2008, 09:43 PM Thread Starter
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Economics 2008: Ohio

Almost everyone considers Ohio one of the pivotal states in the upcoming election this fall. They are also in the news often as one of the two hardest hit states with foreclosures. This is today's news from Ohio. These numbers shocked me. I travel through Ohio pretty often and see the closed factories and talk to my sis in law who works ER in Dayton but some of these numbers were above what I would have expected.

1 IN 10 OHIOANS
Food stamps double since '01
But price of food means they don't go as far now
Saturday, March 22, 2008 3:20 AM
By Catherine Candisky
THE COLUMBUS DISPATCH

Nearly one in 10 Ohioans now receives food stamps, the highest number in the state's history.

Caseloads have almost doubled just since 2001, with 1.1 million residents now collecting benefits, according to the Ohio Department of Job and Family Services.

Low wages, unemployment and the rising cost of groceries, gasoline and other necessities are to blame for financial hardships facing many Ohio families.

Caseloads have been rising steadily in the past seven years, said Brian Harter, spokesman for the state agency which oversees the food-stamp program.

"Look at unemployment during this time," he said.

Ohio's jobless rate is 5.3 percent, up from 4.4 percent in 2001.

"The economy and loss of manufacturing jobs are at the root of what's going on. But lately (it's) the rising cost of transportation and food -- people who were barely getting by, are not getting by," said Jack Frech, director of the Athens County Department of Job and Family Services.

"It has pressed folks to the edge to have to rely on food stamps."

Advocates estimate another 500,000 Ohioans are eligible but not enrolled in the food-stamp program.

Individuals in households with incomes up to 130 percent of the federal poverty level and with assets no greater than $2,000 in most cases are eligible for food stamps. That's earnings of no more than $22,880 a year for a family of three.

Recipients receive $100 a month. The federal government pays for the benefits while the state covers administrative costs.

But as the price of milk, fruits and other groceries climb, advocates say, recipients can buy less and less with that $100.

"Food stamps provide only about $1 per person, per meal. Who in the world is buying groceries with that?" asked Lisa Hamler-Fugitt, executive director of the Ohio Association of Second Harvest Food Bank.

On average, food stamps are now providing less than two weeks of groceries.

"There's the presumption that folks have the cash to make up the rest. Well, they don't," Frech said.

Not surprisingly, food pantries and soup kitchens across the state have been reporting record demands. Like the families they serve, they, too, cannot keep pace.

In central Ohio, demand at the Mid-Ohio Food Bank in January was up 14 percent over the same period a year ago, with 120,000 requests for food.

The increased demand coupled with rising food costs and fewer donations have forced the food bank to reduce the five-day supply of food it had been giving out to a three-day supply.

"Milk is up 25 percent," said Mid-Ohio president Matt Habash. "Applesauce, a big staple at food banks, has gone from $9 to $15 a case."

In other areas of the state, pantries with their supplies depleted have been forced to temporarily close.

"The shortages," Hamler-Fugitt said, "are a double whammy for people who have been relying on food stamps and pantries."

The Columbus Dispatch : Food stamps double since '01






.

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post #2 of 7 (permalink) Old 03-24-2008, 09:45 PM
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Shit. this sucks.
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post #3 of 7 (permalink) Old 03-24-2008, 09:48 PM
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NAFTA and CHINA sum it up.
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post #4 of 7 (permalink) Old 03-24-2008, 09:49 PM
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But this won't effect the JayBird Stock Market, we are way past a DCB.............Where is this magical JayBird Stock Market anyway, can I trade do trades via the internet?
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post #5 of 7 (permalink) Old 03-24-2008, 10:01 PM
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Ohio has one of the highest rates of union membership amongst the electorate and yet the article points out that low wages and unemployment are the major troubles. I'd call that a failed economic practice. Now with so many people suffering, they are ripe for the picking by the socialistic Democrat candidates who will promise them anything to get elected. No one, I repeat no one, can out bid the Democrats in the auction for desirable outcomes. They can't deliver, but you know it's only good intentions that count. It's going to happen in PA next month as well.

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post #6 of 7 (permalink) Old 03-24-2008, 10:10 PM Thread Starter
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Ohio has one of the highest rates of union membership amongst the electorate and yet the article points out that low wages and unemployment are the major troubles. I'd call that a failed economic practice. Now with so many people suffering, they are ripe for the picking by the socialistic Democrat candidates who will promise them anything to get elected. No one, I repeat no one, can out bid the Democrats in the auction for desirable outcomes. They can't deliver, but you know it's only good intentions that count. It's going to happen in PA next month as well.
You might need to recheck your numbers there Skippy. Ohio is not even in the highest rates in the Midwestern States according to the Bureau of Labor Statistics. Their total Union membership is only 14.1% [2007 numbers]

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post #7 of 7 (permalink) Old 03-24-2008, 10:12 PM
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They will soon get less for their food stamps..........

Bernanke: INFLATION? We don't have no stinkin inflation here............

Food prices soar worldwide

MEXICO CITY | If you’re seeing your grocery bill go up, you’re not alone.

From subsistence farmers eating rice in Ecuador to gourmets feasting on escargot in France, consumers worldwide face rising food prices. Freak weather is a factor. But so are profound changes in the global economy, including higher oil prices, lower food reserves and growing consumer demand in China and India.

The world’s poorest nations still harbor the greatest hunger risk. Clashes over bread in Egypt killed at least two people last week, and similar food riots broke out in Burkina Faso and Cameroon this month.

But food protests now crop up even in Italy. And while the price of spaghetti has doubled in Haiti, the cost of miso is packing a hit in Japan.

“It’s not likely that prices will go back to as low as we’re used to,” said Abdolreza Abbassian, economist and secretary of the Intergovernmental Group for Grains for the U.N. Food and Agriculture Organization. “Currently if you’re in Haiti, unless the government is subsidizing consumers, consumers have no choice but to cut consumption. It’s a very brutal scenario, but that’s what it is.”

In the long term, prices are expected to stabilize. However, consumers still face at least 10 years of more expensive food, according to preliminary FAO projections.

As of December, 37 countries faced food crises, and 20 had imposed some sort of food-price controls.

Already, there’s a lot of suspicion among consumers.

“They don’t understand why prices have gone up like this,” said Nicole Watelet, general secretary at the Federation of French Bakeries and Pastry Enterprises. “They think that someone is profiting from this. But it’s not us. We’re paying.”

Food costs worldwide spiked 23 percent from 2006 to 2007, according to the FAO. Grains went up 42 percent, oils 50 percent and dairy 80 percent.

Poorer countries can speed up the adjustment by investing in agriculture, experts say. If they do, farmers can turn high prices into an engine for growth.

But in countries such as Burkina Faso, the crisis is immediate.

Days after the riots, Pascaline OuDedraogo wandered the market in the capital, Ouagadougou, looking to buy meat and vegetables. She said a good meal for her family cost 1,000 francs (about $2.35) not long ago. Now she needs twice that.

IrGene Belem, a 25-year-old with twins, struggles to buy milk, which has gone up 57 percent in recent weeks.

“We knew we were poor before,” she said, “but now it’s worse than poverty.”

www.kansascity.com | 03/24/2008 | Food prices soar worldwide
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