This week has been a busy one for me, trying to wrap up half a dozen assignments due by month's end. So, today's The Bottom Line blog will focus on a few of the news stories that have crossed my desk in the past few days, all connected withÂ energy and food in one way or another.
Middle Class Americans Making Withdrawals at Food Banks (instead of making deposits)
Boomers are returning to the Land to grow their own veggies and burn wood as most Americans start pouring corn in their gas tanksÂ
Consumer confidence at a 16-year low (2007 minusÂ 16 years equalsÂ 1991, a year some economists mark asÂ the last recession)Â
450,000 Cambodian kids about to lose the UN program that feeds them because of rising food prices.
Startling in its sum total, isn't it?
It's amazing the domino effect that can happen with one simple turn of the U.S. economy. Some might say that turn was getting into a war in Iraq. Others might say it was the mandate from Congress to add corn-produced ethanol year around in U.S. gasoline.
What would you say?
|Â Jennifer D. Meacham, Gather Money Correspondent|
Jennifer's column, "The Bottom Line," is published every weekÂ to theÂ Gather Essentials: Money channel.
Jennifer is a business and personal finance columnist who covers money matters for RedwoodAge.comÂ and real estate news for RISMedia, and co-authored the best-selling retirement investing guide "IRA Wealth: Revolutionary IRA Strategies for Real Estate Investment" (Square One Publishers, New York).
Keep up on the latest news and analysis into how you can take control of your business and personal financial future by joining Jennifer's "Self-Directed Investing 101" network.