food

A new study conducted by three universities in Venezuela sheds new light on just how dire the food shortages are in Maduro's failed Socialist utopia.  Called ENVOVI, the living conditions survey found that 75% of Venezuelans lost "an average of at least 19 pounds" in 2016 due to food shortages.  Per UPI:

Venezuela's Living Conditions Survey found that nearly 75 percent of the population lost an average of at least 19 pounds in 2016 due to a lack of proper nutrition amid an economic crisis.

 

Submitted by Gary Galles via The Mises Institute,

From a small pilot program created by John F. Kennedy’s first executive order in 1961, the food stamp program (now called the Supplemental Nutrition Assistance Program, or SNAP) has grown to be the largest federal food assistance program. However, there have always been major questions about whether the hunger and nutrition goals of the program justify its design.

Submitted by Jayant Bhandari via Acting-Man.com,

India’s Prime Minister Narendra Modi announced on 8th November 2016 that Rs 500 (~$7.50) and Rs 1,000 (~$15) banknotes would no longer be legal tender.

Sadly, the despondency visible in the old man’s facial expression has become a widespread phenomenon since the currency ban, particularly among India’s poor

Following another day of upbeat economic data, with growing signs that inflation on both sides of the Atlantic is accelerating, investors rediscovered their faith in the Trumpflation rally, pushing global stocks and US equity futures higher, fuelling a second day of 2017 equity gains ahead of today's release of the Fed's December minutes.

Consumer spending makes up a large percentage of the United States economy. We all have bills to pay and mouths to feed, but where do Americans spend their money? Here is a breakdown of how Americans spent their money in the last 75 years...