What is clear, though, is that any interruption would be a significant inconvenience for low-income Americans who rely on farmers markets to obtain healthy food. More than $24 million in SNAP benefits were spent at farmers markets last year. Incentive programs have proliferated almost as quickly as farmers markets themselves over the last decade, and studies have shown that low-income households buy more fruits and vegetables when government programs make them more available and, especially, less costly. … [Read more...] about Hundreds of Farmers Markets May Stop Accepting Food Stamps
The financial sector of the country is a major contributor towards the growth of the country. The sector comprises public sector banks (PSUs), commercial banks, insurance companies, Non-Banking Financial Companies (NBFCs), mutual funds, pension funds etc. The 17th Financial Stability Report (FSR)[i] released by RBI in June has highlighted that the stress in the banking sector continues as gross non-performing advances (GNPA) ratio rises further. Profitability of SCB[ii]s declined, partly reflecting increased provisioning. Credit growth of SCBs picked up during 2017-18 notwithstanding sluggish deposit growth. Macro-stress tests indicate that under the baseline scenario of current macroeconomic outlook, SCBs’ GNPA ratio may rise from 11.6 percent in March 2018 to 12.2 percent by March 2019. The system-level capital to risk-weighted assets ratio (CRAR) may come down from 13.5 per cent to 12.8 per cent during the period; eleven public sector banks under prompt corrective action … [Read more...] about Towards Loan Market Structure: More Liquidity & Relief From Stressed Assets For Banks?
More generally, more government securities have built up on the balance sheets of private firms these days as the Fed has begun to wind down the massive holdings of Treasury paper it amassed during the global financial crisis -- which has also sucked cash out of the market. … [Read more...] about Why Is The NY Fed Pumping Billions Into The Money Market?
"While these issues are important for market functioning and market participants, they have no implications for the economy or the stance of monetary policy," he said. … [Read more...] about Markets Little Moved As US Fed Delivers Rate Cut
Peter Cunningham, a professor of health behavior and policy with Virginia Commonwealth University, said that some people — largely young, healthy people — would be helped by these new bills. But others left in the ACA marketplace risk pools could be harmed because of the higher prices insurers will have to charge to make up for that loss. … [Read more...] about Assembly passes insurance bills meant to help with rising costs, but some fear further destabilization of individual market