Thursday, November 20, 2008

A Different Banking Crisis in Need of Fresh Capital - Food Banks

People lined up for food last week at one of the distribution outlets supported by the San Francisco Food Bank. The food bank's managers fret that they won't be able to keep up with demand despite improved fund raising.


WSJ 11/20/08: As the nation's financial crisis spread earlier this fall, several thousand people pressed forward in a line to make a withdrawal from a bank in suburban San Diego.

The line stretched out the building, up the street and past the fire station. They walked away with boxes filled not with money but vegetables, fruit, pasta and juice.

It was a run on a food bank.

As the economy sours, the nation's food banks are struggling to feed a surge of Americans worried about finding their next meal. The challenge remains great even in the face of significant infusions of assistance from corporate America.

In the past two decades, a vast system of food banks has evolved to support the millions of people in the U.S. -- one in nine households last year -- that have difficulty affording enough food for all their family members at some time during the year.

The economic shock didn't help. Food and gas prices soared early this year. And even as those prices have abated, recent economic woes -- layoffs and house foreclosures -- have lengthened lines for food across the country. "We expect it will get worse before it gets better," said Vicki Escarra, Feeding America chief executive.

Feeding America says demand at food banks is up about 25% across the country over a year ago, including a surge in first-time clients. More than one-third of those Feeding America serves live in a household where at least one person is employed; about a third of its clients are children, 10% elderly and only about 12% are homeless.

In San Diego in September, more than 4,000 people -- double the expectations -- flocked to the Word of Life Worship Center for food from the Feeding America-San Diego Food Bank, forming a line that snaked through the neighborhood.


Moving on to Videos:

It's a sign of the times: Demand for assistance from local charities and food banks has dramatically increased in 2008




Like many other food banks, supplies at many Salvation Army warehouses have been dwindling while demand for assistance is increasing.




OUT OF FOOD!




Bottom Line:

We're only a year into the opening stages of a long economic crisis and it's going to get far worse in the YEARS ahead... Millions of FAMILIES will eventually become homeless, unemployment will be rampant, soup kitchens will sprout up around the nation and times will be very hard for many.

There is one bright side to the equation however - America's obesity crisis will quickly become a thing of the past.

Just some food for thought (no pun intended)

Randy

7 Comments:

At 11/21/2008 6:52 AM, Anonymous Anonymous said...

I've volunteered for food kitchens before and I can confirm there are a lot of hungry people out there.

The grocery stores here have an option where you can give 1, 3 or 5 dollars to fight hunger every time you shop. I always give 5 every time I shop.

I figure if enough of us give even just one dollar when we shop, if we can, it would make a difference. Maybe not enough of a difference, I don't know. I think all grocery stores should do something like this all across the U.S. That way it makes it easier for people to donate.

I also really like the idea of the commercial where they say plant a row to fight hunger. I haven't done much of a garden yet (just tomatoes and herbs) but when I do put in a decent garden, I plan on donating some of the fresh produce.

I read that one family in nine has some period of hunger where they can't feed everyone. That is unbelievably sad that that's what our country has come to.

LL

 
At 11/21/2008 2:29 PM, Anonymous jerry said...

LL, It is clear you are a kind and giving person sensitive to the needs of others who have less than you do. You are an inspiration.

 
At 12/20/2009 9:36 PM, Anonymous Alison said...

I would have to agree that the food shortage many countries in around the world is experiencing right now needs the right investment and policy.

 
At 3/08/2010 4:10 PM, Anonymous Vitamin C Serum said...

LL, I hope you get infectious, truly inspiring.

 
At 3/13/2010 1:40 PM, Anonymous Chamilia said...

On the other note, FOOD BANKS do not solve food crisis - though they give the notion that the government is doing something which is not LONG TERM.

 
At 11/27/2011 10:03 PM, Anonymous Junior said...

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At 1/19/2013 11:00 PM, Anonymous QUALITY STOCKS UNDER 5 DOLLARS said...

Looks depressiog.

 

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