Anonymous ID: 24422e Aug. 16, 2021, 7:20 a.m. No.83137   🗄️.is 🔗kun   >>3148 >>3174 >>3189 >>3223 >>3242

>>82955 pb Biden admin to announce historic increase in food stamp benefits

 

Biden lifts SNAP benefits by 30% in historic move

 

The Biden administration on Monday announced a historic expansion to the nation’s food stamp program, a decision that will give more than 40 million Americans about 30% more to spend on groceries while racking up billions in costs to the program.

 

"To set SNAP families up for success, we need a Thrifty Food Plan that supports current dietary guidance on a budget," said Stacy Dean, deputy undersecretary for food, nutrition, and consumer services, in the detailed report. "Too many of our fellow Americans struggle to afford healthy meals. The revised plan is one step toward getting them the support they need to feed their families." Average monthly benefits, which were $121 per person before the COVID-19 pandemic, will increase by $36.24 per person, or $1.19 per day, totaling $157.24 monthly. The changes, which do not require congressional approval, are based on updates the Department of Agriculture made to the Thrifty Food Plan (TFP), an estimate of the cost of a nutritious diet for a family of four. Food stamps, or the Supplemental Nutrition Assistance Program (SNAP) are used by more than 40 million Americans – or roughly 12% of the total U.S. population.

 

U.S. lawmakers passed the Farm Bill in 2018 which, among other things, directed the Department of Agriculture to re-evaluate the TFP no later than 2022. According to the department, the TFP has not been updated since 2006 despite major changes to dietary guidance, food prices, and what Americans purchase and eat.

https://www.foxbusiness.com/economy/biden-administration-snap-food-stamps-benefits-increase

Anonymous ID: 24422e Aug. 16, 2021, 8:34 a.m. No.83171   🗄️.is 🔗kun   >>3176 >>3177

>>83162

something not right about all of dat.

The people trying to grab on (on takeoff roll) acting like they are starring in sound of music or some shit like that

and no one covers ears from the noise??

gonna say that is not what it appears to be.

Anonymous ID: 24422e Aug. 16, 2021, 9:58 a.m. No.83228   🗄️.is 🔗kun   >>3242

>>83142

SAM066 USAF C-32A finished at Niagara Int'l wif go arounds went down the east coast and then west at Clowntown

>>83131

WINK70 USAF KC-135 tanker went back to Portsmouth Int'l Airport, NH after Not AF1 Joe at Camp David dooty

Anonymous ID: 24422e Aug. 16, 2021, 10:03 a.m. No.83233   🗄️.is 🔗kun

Fed Tells Judge Scrapping Libor Too Soon Would Spur Market Chaos

 

The Federal Reserve told a judge not to scrap Libor as requested by consumers in a lawsuit because it would pose a risk to financial stability and undermine years of global planning for a transition to a new benchmark for borrowing rates.

 

A staged transition away from the London interbank offered rate is underway globally, but immediately ending the London interbank offered rate by court order would likely harm consumers and businesses, the Board of Governors of the Federal Reserve System and the Federal Reserve Bank of New York said in a filing Friday in federal court in San Francisco. Dozens of consumer borrowers and credit-card users are seeking an injunction to end Libor, claiming the benchmark is the work of a “price-fixing cartel.” The plaintiffs are also seeking monetary damages.

 

But ending the benchmark now would likely disrupt the trading of financial contracts, upend consumer contracts like mortgages and student loans and create “an avalanche of litigation,” the Fed said in its filing. The central bank said about $223 trillion of financial products are tied to the U.S. dollar Libor rate. “Without an orderly transition away from Libor, there would undoubtedly be confusion and uncertainty in all markets that currently rely on Libor on a day-to-day basis,” the Fed said in the filing. Libor is derived from a daily survey of bankers who estimate how much they would charge each other to borrow-thus it is NOT empirical and most all made up bullshit. In the wake of the 2008 financial crisis, regulators discovered that lenders had been manipulating the rates to their advantage, resulting in billions of dollars of fines.

 

Regulators and market participants around the world are currently in the process of shifting to new benchmarks to replaced the scandal-plagued suite of Libor rates. In the U.S., new contracts tied to dollar Libor are supposed to end this year and the final settings should be phased out by mid-2023, according to current timetables. The threat of an abrupt end to Libor has also drawn vigorous defenses from some of the world’s biggest banks. The Fed’s filing echoed claims made in November by defendants including JPMorgan Chase & Co., Credit Suisse Group AG and Deutsche Bank AG, who argued an injunction abruptly ending Libor would wreak havoc on financial markets.

 

In June, the judge overseeing the case refused to move the suit from San Francisco to New York, rejecting an argument by big banks that the case belongs in Manhattan due to the decades of litigation there over the benchmark and court decisions it has produced.

https://www.bnnbloomberg.ca/fed-tells-judge-scrapping-libor-too-soon-would-spur-market-chaos-1.1640752