One in 10 American on food stamps

With 3.2 million more Americans unemployed than 12 months ago, the need for food assistance has risen. Last month saw the evaporation of 533,000 jobs, the biggest one-month loss since 1974.

//www.presstv.ir/detail.aspx?id=77565&sectionid=3510203



Record 10% of U.S. homeowners in arrears or foreclosure

A record 10% of the nation's mortgage-burdened homeowners fell behind on their loan payments or were in foreclosure during the third quarter, according to a survey released Friday by the Mortgage Bankers Assn., which said California and Florida were the biggest contributors to the worsening picture.

//tinyurl.com/63rx5e



Retail Sales Are Weakest in 35 Years

The nation's retailers turned in the worst sales figures in at least a generation on Thursday, starting the holiday shopping season with double-digit declines across a broad spectrum of stores.

//tinyurl.com/5gfalk



Unemployed and hungry in the US

Jobless numbers highest in 15 years, food stamp users hit record 31.6 million or 1 in 10 Americans

//www.informationclearinghouse.info/article21403.htm


From Information Clearing House

--------

Foreclosures Soar 76 Percent to Record 1.35 Million

Tami Luhby, CNNMoney.com: "A record 1.35 million homes were in foreclosure in the third quarter, driving the foreclosure rate up to 2.97%, the Mortgage Bankers Association said Friday. That's a 76% increase from a year ago, according to the group's National Delinquency Survey. At the same time, the number of homeowners falling behind on their mortgages rose to a record 6.99%, up from 5.59% a year ago, the association said."

//www.truthout.org/120608Y

--------

Unemployed and hungry in the US

Jobless numbers highest in 15 years, food stamp users hit record 31.6 million or 1 in 10 Americans.

view
//therealnews.com/t/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=2928



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