My pension is down and expected to go down further. Luckily, Jhansi has a small home run electronics business which mostly caters schools. During labor governments, funds to public schools increse here and the business seems to be doing ok. The funding will be reduced next year due to the crisis. There are other benefits that I have not been using; one can get some money from the government for babysitting for grandchildren. It seems that we will be ok for a while. I have been contributing a bit to charities here and in India. The instinct is to get rid of the money while I still have it since the poorer may be suffering more. Growing vegetables is an option but there are water restrictions. May have to spend more money to save rain water.
P.S. May be Obama will win and things will improve. But one had such hopes before with Nehru, Indira Gandhi, Rajiv Gandhi and others. there were changes but not as much improvement as one hoped.
P.P.S. Felix Salmon has a post The Financial Crisis Hits the World's Hungry.
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