retail news in context, analysis with attitude

Reuters reports this morning that "the worst U.S. drought in more than half a century has weakened the safety net for the 50 million Americans who struggle to get enough to eat, and the nation's food banks are raising the alarm as the holiday season gets into full swing."

According to the story, "This summer's crop-damaging weather in the U.S. farm belt has driven up costs for everything from grain to beef. That means higher prices at the grocery store, but it also means the U.S. government has less need to buy key staples like meat, peanut butter, rice and canned fruits and vegetables to support agricultural prices and remove surpluses.

"Most of the products from those government purchases are sent to U.S. food banks, which then distribute them to food pantries, soup kitchens and emergency shelters that are a lifeline for people who struggle with hunger - including low-income families, senior citizens and people with disabilities. The decline in government donations is exacerbating the pain inflicted by stubbornly high unemployment and a lack of income growth for many low-wage workers."
KC's View:
Worth thinking about as we go into the Thanksgiving holiday.

Some people are worried about feeding their kids.

And others, at least according to our next story, worry about a $180 million tax bill.

I'm not suggesting that the latter isn't worthy of attention. Just that maybe in a country where a lot of people go hungry, it is hard to work up too much sympathy for certain people in certain situations.