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...hand over all that information - Patzer himself admits to some early doubts. Turns out they underestimated how lazy or desperate we all are. In its first month, Mint signed up 50,000 users. At sale time, it had 1.5 million. (See pictures of expensive things that money can buy...
...should he. Bloom is a pioneer when it comes to worker buyouts, in which the employees of a faltering firm buy an ownership stake to prevent plant closings or job losses. The idea of an economy of worker cooperatives may seem utopian, and the notion of using the tools of modern finance to do so absurd. But Bloom and his mentor at Lazard, Eugene Keilin, helped prove it possible—and did so with no less than the largest airline in the nation: United...
Just in case we needed more evidence of the hardship inflicted by the country's devastating economic crisis, earlier this month we got it: more Americans than ever are receiving food stamps. The Department of Agriculture reported that 35.1 million people relied on government help to buy groceries in June - 713,000 more than in the previous month and a 22% jump from the previous year's figure. The odds are better than ever that when a shopper wheels a grocery cart to the checkout aisle, Uncle Sam is picking up the tab. (Read about the state of homelessness...
...year history of food stamps in the U.S. began in May 1939, when unemployed factory worker Mabel McFiggin collected stamps to buy surplus butter, eggs and prunes in Rochester, N.Y. McFiggin was the first person to take advantage of the experimental program, designed to improve on Depression-era commodity-distribution systems developed to aid the needy and unload surplus wheat and other products bought by the government to support farm prices. Food stamps originally came in two colors: recipients bought orange stamps, which could be used for any kind of food, and they were given half that amount in free...
...will take food stamps at some New York City stores on a temporary basis). As an experiment, CNN reporter Sean Callebs spent the month of February relying on food stamps. Spending $176 - the maximum amount awarded by the state of Louisiana, where he lives - Callebs found that he could buy enough food, but only if he avoided snacks and most name-brand items. "I can tell you my pants are much looser," he said after the month was over...