Food stamps aren’t the government’s only way to feed those in need. There are more than a dozen smaller programs, including the one for Women, Infants and Children, and free and reduced-price school lunches. In 2008, food stamps were officially renamed the Supplemental Nutrition Assistance Program, or SNAP. Most people still know the name that’s been familiar since 1939. One in every 7 Americans In a nation of 314 million people, more than 47 million are eating with food stamps each month. Who are they? Children and teenagers make up almost half, according to the Agriculture Department. About 10% are seniors. The vast majority don’t receive any cash welfare. Many households that shop with SNAP cards have someone who’s employed but qualify for help because of low earnings. The average food stamp allotment is $133 a person per month. The monthly amount a family gets depends on the household’s size, earnings and expenses, as well as changing food prices and other factors. Households can qualify for help with earnings up to 30% higher than the federal poverty level, making the limit about $30,000 for a family of four this year.
I hope that our very capable farmers aren’t being subsidized while this assistance to the poor is deemed too expensive.” Long Beach resident Matthew Black points out more pressing spending concerns: “The GOP has truly hit a new low. After increasing annual defense spending by more than $300 billion since 2001, spending $2 trillion on unnecessary wars and passing $1.7 trillion in tax cuts between 2001 and 2003 that primarily went to the wealthiest Americans, Republicans need to save $40 billion on food stamps. “Way to go. Why do I feel I’m reading a Charles Dickens novel? “And for those who might reply that Democrats should put their money where their mouths are, this week I donated another $250 to a local food bank. I contribute 5% of my disposable income to food banks.” Frances Terrell Lippman of Sherman Oaks picks up on the Dickens reference: “I guess those Scrooge-like, coldhearted House Republicans thought of an early holiday surprise. How generous of them to think it would be appropriate just to remind people who are hungry and struggling that it would get a little more impossible for them to feed their families. Their apathy is only exceeded by their cruelty. “Being hungry and homeless in America is this country’s greatest shame, and yet our so-called leaders in Washington couldn’t care less and only serve to exacerbate this terrible and fixable situation. Watch out for that karma.” Oxnard resident Steve Binder says The Times should give this issue more attention: “Friday morning, I couldn’t wait to read The Times’ article about the Republican-led House voting to cut off food stamps for children, senior citizens, the disabled and especially our veterans. Too bad it was buried inside the paper.
Fight over food stamps
Weary consumers have grown increasingly deal focused while commodity prices continue to rise. Finsbury Food dropped as much as 7.9 percent, the most since Aug. 5, 2011, paring the companys market value to 47 million pounds. The stock traded 4.9 percent lower at 72.25 pence at 10:20 a.m. in London. Volume traded was 88 percent of the three month daily average. U.K. retail sales unexpectedly fell the most in 10 months in August as demand for food plunged, reversing a surge the previous month, according to the Office for National Statistics. Food sales dropped 2.7 percent after increasing that amount the previous month, which was the biggest gain since April 2011. Finsbury Foods revenue in the year ended June 29 fell 1.3 percent to 176.6 million pounds ($283.4 million), mainly because currency movements affected its overseas business, the company said. The pound has declined 3.6 percent against the euro this year, according to data compiled by Bloomberg. Profit before tax rose 19 percent to 5.5 million pounds and the company reinstated its dividend with a proposed total payout of 0.75 pence per share.
Finsbury Food Drops Most in Two Years as Commodity Prices Rise
Simon: What gave you the idea? Rauch: It’s the idea about how to bring affordable nutrition to the underserved in our cities. It basically tries to utilize this 40 percent of this food that is wasted. This is, to a large degree, either excess, overstocked, wholesome food that’s thrown out by grocers, etc. … at the end of the day because of the sell-by dates. Or [it’s from] growers that have product that’s nutritionally sound, perfectly good, but cosmetically blemished or not quite up for prime time. [So we] bring this food down into a retail environment where it can become affordable nutrition. A retail environment is a store … or a food truck or something like that? Yeah, it’s kind of a hybrid between a grocery store and a restaurant, if you would, because primarily it’s going to take this food in, prep it, cook it [for] what I call speed-scratch cooking. But the idea is to offer this at prices that compete with fast food.