Ballooning food-stamp rolls highlight ideological divide

The number of Washington residents receiving food stamps has doubled in past five years, largely because of the recession. Whether you’re reassured by the public aid or troubled by the spending is the crux of an ideological battle in Congress over the farm bill. More: continued here

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Post Office Future Looks Grim, Says Postmaster

Postmaster General Patrick R. Donahoe told a House committee today the Postal Service continues to face systemic financial challenges because it has a business model that does not allow it to adapt to changes in the marketplace and it does … More: continued here

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EBay Revenue Forecast Misses as Growth Abroad Slows – Bloomberg

EBay Revenue Forecast Misses as Growth Abroad SlowsBloombergEBay Inc. (EBAY) reported a revenue forecast for the current quarter that missed analysts' estimates as economic weakness in Europe and Asia restricts growth. Third-quarter sales will be $3.85 billion to $3.95 billion, the company said in a statement … More: continued here

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EBay drops on economic ‘headwinds’ in Europe, Korea – Reuters

EBay drops on economic 'headwinds' in Europe, KoreaReutersBy Alistair Barr. Wed Jul 17, 2013 5:17pm EDT. (Reuters) – EBay Inc (EBAY.O) reported solid second-quarter results on Wednesday but Chief Executive John Donahoe warned of economic "headwinds" in the second half of the year from Europe and Korea. More: continued here

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