SANTA FE, N.M. (AP) — About 4,000 low-income elderly and disabled New Mexicans will see theirfood stamp benefits drop in July due to state budget cuts.
Gov. Susana Martinez's administration plans to end a state program that supplements federal food stamp benefits for the elderly and disabled to ensure they get at least $25 a month in assistance.
"That's 4,000 seniors who will have less money for food. That's the impact," Ruth Hoffman, director of Lutheran Advocacy Ministry in New Mexico, said Tuesday.
Tuesday, May 31, 2011
Monday, May 30, 2011
In Violation Of UN Resolution, Western "Boots" Are Now On The Libyan Ground
Adopting resolution 1973resolution 1973Zerohedge post
(2011) by a vote of 10 in favour to none against, with 5 abstentions (Brazil, China, Germany, India, Russian Federation), the Council authorized Member States, acting nationally or through regional organizations or arrangements, to take all necessary measures to protect civilians under threat of attack in the country, including Benghazi, while excluding a foreign occupation force of any form on any part of Libyan territory — requesting them to immediately inform the Secretary-General of such measures.
Guardian
Armed westerners have been filmed on the front line with rebels near Misrata in the first apparent confirmation that foreign special forces are playing an active role in the Libyan conflict.
A group of six westerners are clearly visible in a report by al-Jazeera from Dafniya, described as the westernmost point of the rebel lines west of the town of Misrata. Five of them were armed and wearing sand-coloured clothes, peaked caps, and cotton Arab scarves.
The sixth, apparently the most senior of the group, was carrying no visible weapon and wore a pink, short-sleeve shirt. He may be an intelligence officer. The group is seen talking to rebels and then quickly leaving on being spotted by the television crew.
Conclusion of zerohedge post:
Once again, the west has overstepped its UN-granted powers in the pursuit of humanitarian extraction of crude oil [the best grade oil in MENA].
The subject is sensitive as the UN security council resolution in March authorising the use of force in Libya specifically excludes "a foreign occupation force of any form on any part of Libyan territory".
The situation, however, is about to come to a fore, after it was announced that Libyan rebels have now officially run out of crude oil, meaning that absent on the ground reinforcements, Gadaffi is about to win the civil war.
And while the UK and the other members of the security council could not care less, we somehow doubt that China and Russia will allow a full-blown land invasion of Libya pass without a veto and what appears to be the next diplomatic scandal.
Sunday, May 29, 2011
Report: Military coup possible in Greece
Turkish newspaper:
The U.S. Central Intelligence Agency warned in a report that the tough austerity measures and the dire situation could escalate and even lead to a military coup, according to a report by Germany’s popular daily Bild.
According to he CIA report, ongoing street protests in crisis-hit Greece could turn into escalated violence and a rebellion and the Greek government could lose control, said Bild. The newspaper said the CIA report talks of a possible military coup if the situation becomes more serious and uncontrolled.
Hürriyet file photo
Friday, May 27, 2011
675,000 US home "buyers" have not made a payment in over two years
There will beno sustainable housing recovery until the shadow inventory is cleared out . As of April with the latest data close to 6.4 million loans are delinquent or in foreclosure. This is a massive number of homes. What is downright disturbing of the 2.2 million homes in foreclosure you have 675,000 homes (31 percent of the pool) that have not made a payment in over two years. That is right, two full years. Apparently one-third of the bank’s strategy in dealing with foreclosures is simply to ignore missed payments. Glad it took them giant bailouts and four years to figure that one out. The housing crisis strategy is really a banking-centric one and that is why nothing has really been resolved since the crisis started. Banks are dictating the movement going forward so the idea of keeping prices inflated is simply one to protect banking interests. Since the market has very little desire for inflated real estate, banks just slip it under the rug for another day. Keep in mind that many Americans are seeing lower wages so lower home prices are actually good for their bottom line since it eats away less of their hard earned income. Plus, one-third own their home outright and another 30 percent rent. So this idea of keeping home prices high just for the sake of keeping them high is a ploy that comes out of the suspension of mark-to-market logic. Do people finally get that home prices have to fall to reflect local area incomes?
Subscribe to:
Posts (Atom)