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U.S. food banks running low on supplies

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Reuters reports that the U.S. food banks are starting to run low on supplies, caused by a combination of this years drought, raising food prices (again, caused by drought and endless money printing by governments) and a general lack of funds, due to budget cuts across the board. Mind you, we’re talking about those food programs, which are currently supplying close to 50 million of US citizen with food aid. That’s almost 1 in 6 Americans…

Executives at major food banks across the United States worry they will not be able to keep pace with demand, which they don’t expect to ease until more Americans find better paying jobs. In a sign of how stressed the budgets of many Americans are, a record 47.1 million people used food stamps in August 2012, up from 45.8 million the year earlier.

With such pressures at work, on-hand supplies at the Los Angeles Regional Food Bank have fallen from a peak of about 3.3 weeks in 2010 to less than two weeks – the lowest in recent history, according to its president and CEO, Michael Flood.

Tightening food supplies last summer forced the food bank to start a waiting list because it does not have enough inventory to expand beyond the 640 agencies it already supplies with food. There are now 565 nonprofits on the waiting list, Flood said.

And of course it doesn’t look like things are going to get better anytime soon:

But they are bracing for more challenges in 2013. Food prices are forecast to move even higher, making it harder for people with limited means to stretch their money.

Current proposals for the new U.S. farm bill – which sets funding for TEFAP and the food stamp program – include small increases for TEFAP.

But those increases would be dwarfed by proposals for billion-dollar cuts to the food stamp program.

Washington’s the “fiscal cliff” fight over planned tax increases and spending cuts due to start in January is adding to the anxiety, since sharply partisan U.S. lawmakers need to come together to avert a big hit to the economy that likely would hurt the country’s most vulnerable.

Read the full story

Written by mo

November 25th, 2012 at 11:03 pm

Living on a finite Planet, Jeremy Grantham

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On Thursday 15th December 2011 over 200 representatives from the international accounting and business communities, investors, government, academia and civil society gathered at St James’s Palace State Apartments to hear His Royal Highness The Prince of Wales speak about “the economic invisibility of nature” and consider how the value of the planet’s natural resources, ecosystems and biodiversity can be taken into account, fully and consistently, in economic, accounting and decision-making systems.

One of the featured presenters was Jeremy Grantham, Director, The Grantham Foundation for the Protection of the Environment; Co-Founder GMO.

Click here for Jeremy Grantham’s presentation: Living on a Finite Planet http://bit.ly/xZnghb

Click here to read Jeremy Grantham’s 2011 Q2 newsletter which discusses the issues around investment and resource depletion further http://bit.ly/wxXqul

For access to all the quarterly newsletters prepared by Jeremy Grantham, please log on to the GMO website here http://bit.ly/ApBzjJ

Visit http://www.accountingforsustainability.org for more information about The Prince’s Accounting for Sustainability Project (A4S)

Jeremy Grantham is a co-founder GMO, an investment management firm in Boston, where he is the firm’s chief investment strategist, a member of the board and an active member of its asset allocation division. In 1998 Jeremy and his wife Hannelore established the Grantham Foundation for the Protection of the Environment. The Grantham Foundation seeks to protect and improve the health of the global environment. Its grants focus on climate change and biodiversity conservation, with an emphasis on international initiatives. Within these topic areas, the Grantham Foundation emphasizes (1) improved communication of the science of global climate change and biodiversity loss and (2) collaboration amongst leading non-governmental organizations and academic institutions. Key grant programs include the Grantham Research Institute on Climate Change and the Environment at the London School of Economics, Grantham Institute for Climate Change at Imperial College in London, and the Grantham Prize for Excellence in Environmental Journalism. Jeremy earned his undergraduate degree from the University of Sheffield (U.K.) and an M.B.A. from Harvard Business School.

Written by mo

January 27th, 2012 at 11:55 pm

14.5% of US citizen on Food Stamps

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While almost all the economic-collapse-talk in the US media is currently focused on Europe and Greece, the number of people relying on food stamps in the United States hits another all time high: More than 14.5% or about 46 million people – 3.5 million or about 8% more than just last year.

Now… what will happen when the government runs out of money to fund the food stamps program?

Written by mo

November 2nd, 2011 at 1:14 am

Posted in United States

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