Home » Posts tagged with "Poverty"
India drought causes poverty, debt and suicides
A child of a salt pan worker plays on the parched dry bed in the Khadaghoda Sector in the Little Rann of Kutch.
Devastated by one of the worst droughts in decades, farming does not get much tougher than in India where thousands left with poor harvests and big debts have been driven to take their own lives.
Sadly, the government has turned a blind eye to the growing problem.
The farmlands in Telangana...
46 Million People are on Food Stamps in the United States
The number of people on food stamps in the United States exploded in May 2011.
There were 312,240,000 people in the United States, mid May. 45,753,078 of them were on food stamps. That’s 14.7% of all Americans on food stamps. The average monthly amount? $133.80.
This is the new economic metric, how many people are so poor, so broke, they qualify and use food stamps. The data is hard to find,...
Iran's IRCS to send aid to Somalia
A 7-month-old severely malnourished Somalia child undergoes treatment at the Hagadera refugee camp in Dadaab, near the Kenya-Somalia border, July 30, 2011.
Iran’s Red Crescent Society (IRCS) will dispatch a 120-ton humanitarian aid convoy to Somalia to help the impoverished people in the crisis-hit East African country.
IRCS Secretary General Zaher Rostami said the convoy consists of tents, food,...
Poverty in Russia grows faster than expected
The number of impoverished people in Russia has increased by 2.3 million and made up 22.9 million in one year, the Russian Federal Statistics Agency said. Many experts believe that official statistics does not reflect the real state of affairs and is very often undervalued. Therefore, it means that the number of the poor in the country grows much faster.
According to official statistics, an impoverished...
Poverty in America, The Big Picture
In America’s Financial Apocalypse, I discussed numerous flaws in the calculation of poverty levels within the U.S. This discussion was one of several that pointed to the vulnerable state of the U.S., which I predicted would sink into a deep depression triggered by the real estate bubble.
Only after the commencement of America’s Second Great Depression have the economists and analysts begun to...
How Europe Lost Faith in Its Own Civilization
Beset by Christian guilt, the Continent won’t defend Christians persecuted by Islamists.
This year the leaders of France and Britain declared that their countries’ policies of multiculturalism had failed. As when Germany’s Angela Merkel made similar statements last year, Nicolas Sarkozy and David Cameron sparked a political firestorm.
Europe’s debate over multiculturalism,...
Manufacturing may be relic of America's past
This is just an example of the hundreds of abandoned American factories.
At one time, a job in a factory, working along the assembly line, was what so many Americans strived for. In many ways, it was the portrait of the American Dream.
Factories and manufacturing plants also, once formed the back bone of this country.In some cities and towns, manufacturing plants were the sole industry on which everything...
Why The US Is Totally Finished
Capitalism Fixes Problems & Preserves Democracy: Capitalism is what we should be relying on to fix our problems. Capitalism has it’s own ecosystem, just like biology’s ecosystem. An economic ecosystem that weeds out the weak, has parasites that eat the failures and new bacteria that evolves and grows replacements for that which failed. A system that keeps everything in balance.
The...
Biofuel pushes millions of people towards poverty
The growing production of bioethanol increases the shortage of food. Corn, sugar, other types of farm crops are required for the production of the biofuel. In addition, the growth of sowing for the green fuel reduces the square of lands designated for food cultures, which leads to smaller harvest and higher prices on food.
FAO’s food prices index gained 2.2 percent in February, which marked...
US Inflation near 10% if old measure is used
Inflation is still calculated using a “market basket” to determine prices. But since 1980, other factors have been added to reflect a changing economy.
Still, it might be useful to measure today’s rate of inflation using 1979 methods. CNBC’s Fast Money gives us the bad news:
“Inflation, using the reporting methodologies in place before 1980, hit an annual rate of 9.6...
North Korea Importing Animal Feed for Human Consumption
North Korea is reportedly importing animal feed grain from China to distribute on the market for human consumption as the regime struggles with food shortages.
According to Radio Free Asia, Pyongyang gave the animal feed to its military as well as to merchants, bringing down the surging cost of rice.
A source in North Korea said the feed is commonly darker in color than normal rice and is often mixed...
Tens of thousands march against Yemen's president
Yemenis chant slogans and hold banners during a demonstration against the government, in Sanaa, Yemen, Thursday, Feb. 3, 2011. Thousands of opponents of Yemen's government and its supporters are demonstrating in the capital and other cities a day after the president pledged not to seek another term in office. Banner reads in Arabic, ' Raise your voice, No for corruption and poverty policy'.
Tens...
Rampant Speculation Inflated Food Price Bubble
Billions of dollars are being made by investors in a speculative “food bubble” that’s created record food prices, starving millions and destabilising countries, experts now conclude.
Wall Street investment firms and banks, along with their kin in London and Europe, were responsible for the technology dot-com bubble, the stock market bubble, and the recent U.S. and UK housing bubbles....
Fourth Turning 'Event' Stuns World Powers
New reports coming out of the World Economic Forum in Davos, Switzerland, where many of the top leaders of banking, finance, industry and politics gather every year, are showing great concern over the unprecedented events now threatening to plunge the entire Middle East, if not the entire planet, into total chaos and anarchy.
The spark that ignited the firestorm currently sweeping the planet was struck,...
Yemen protests: Thousands call on president to leave
Demonstrations were led by opposition members and youth activists.
Thousands of Yemenis are demonstrating in the capital Sanaa, calling on Ali Abdullah Saleh, president for more than 30 years, to step down.
This comes after mass protests in Egypt and a popular uprising in Tunisia that ousted its long-time leader.
Yemeni opposition members and youth activists gathered in four parts of the city, including...