Tuesday, September 4, 2012 – 09:30 a.m.

Here’s some news of interest flowing across the transom Tuesday morning.

Food Stamp rolls climb

The number of people on food stamps in the U.S. rose to a record 46.7 million in May, according to the U.S. Department of Agriculture.

Maryland Governor reverses direction after telling the truth

Governor Martin O’Malley (D-Maryland), when pressed on a weekend talk show said that Americans weren’t better off now than fours ago reversed course Monday.

O’Malley now says we are better off.

One can only imagine how hard O’Malley was slapped by the establishment.

The Mayor of Trenton, New Jersey suffered the same fate a few months ago for rendering opinion damaging to the Obama White House.

Manufacturing sector shrinks for third month in a row

The Institute for Supply Management (ISM) index fell to 49.6 in August.

A reading below 50.0 indicates a shrinking manufacturing sector.

Facebook shares continue drop

Shares of social media giant Facebook (NYSE: FB) feel to fresh lows Monday morning.

At mid-day, the company’s shares were trading near $17.75 on the New York Stock Exchange.