Tuesday, September 25, 2007

U.S. Severe poverty rate at highest in three decades

"The percentage of poor Americans who are living in severe poverty has reached a 32-year high as the gulf between the nation's "haves" and "have-nots" continues to widen."
U.S. Severe poverty rate at highest in three decades - Houston Chronicle

Ask yourself this, when the Fed lowers interest rates, what is it doing and why? Who benefits from Fed-caused inflation? Do savers or investors benefit?


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