Maryland Food Bank "devastated" after elimination of $4.4M in food deliveries, federal funding
The LFPA funding, which will run out at the end of November, had provided 5.6 million meals (or 6.6 million pounds of food) to Baltimore City and 21 Maryland counties in 2023-24, according to the organization.
According to the organization, the program had increased the food bank's distribution of fresh fruits, vegetables, dairy, meat, and seafood by 25 October 2024.
"The loss of the LFPA (the Local Food Purchase Assistance Program) is a devastating blow to our food system here in Maryland. This funding cut will reduce access to fresh produce, proteins, dairy, eggs, and seafood for families in need and impact local farmers and food producers who relied on the program," the Maryland Food Bank said.
The USDA has also eliminated a portion of The Emergency Feeding Program funding, resulting in the loss of 13 scheduled food deliveries totaling over 460,000 pounds through July.
The Maryland Food Bank is one of multiple entities that have been impacted by recent cuts to federal funding by the Trump administration. In total, the USDA
canceled $1 billion
in funding designated to schools and food banks to buy food directly from local farms, ranchers, and producers.
$660 million of that funding was for the Local Food for Schools program, which is active in 40 states. $420 million of that funding belonged to Local Food Purchase Assistance programs.
Last week, Maryland education leaders said they were in shock after the federal government
rescinded a reimbursement of $360 million
that it had previously committed to give to state schools.
Johns Hopkins University said it has to "wind down critical work" both in Baltimore and internationally, after the termination of
more than $800 million
in USAID funding.
As a result of these USAID cuts, the university said it is
laying off more than 2,000 workers globally
. JHU has been one of the top recipients of National Institutes of Health (NIH) funding for many years.
Maryland's economy is particularly vulnerable to these cuts as it received nearly $115 billion in federal contracts, grants, and assistance payments last year—more than $18,500 per resident,
the Baltimore Banner reported
. The state saw a 24% increase in federal funding over the past five years, making it especially susceptible to the current reductions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
37 minutes ago
- Yahoo
Investors Met With Slowing Returns on Capital At Central Asia Metals (LON:CAML)
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Having said that, from a first glance at Central Asia Metals (LON:CAML) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for Central Asia Metals, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.17 = US$69m ÷ (US$440m - US$28m) (Based on the trailing twelve months to December 2024). Therefore, Central Asia Metals has an ROCE of 17%. In absolute terms, that's a satisfactory return, but compared to the Metals and Mining industry average of 11% it's much better. View our latest analysis for Central Asia Metals In the above chart we have measured Central Asia Metals' prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Central Asia Metals for free. There hasn't been much to report for Central Asia Metals' returns and its level of capital employed because both metrics have been steady for the past five years. This tells us the company isn't reinvesting in itself, so it's plausible that it's past the growth phase. With that in mind, unless investment picks up again in the future, we wouldn't expect Central Asia Metals to be a multi-bagger going forward. That probably explains why Central Asia Metals has been paying out 87% of its earnings as dividends to shareholders. If the company is in fact lacking growth opportunities, that's one of the viable alternatives for the money. In summary, Central Asia Metals isn't compounding its earnings but is generating stable returns on the same amount of capital employed. And with the stock having returned a mere 39% in the last five years to shareholders, you could argue that they're aware of these lackluster trends. So if you're looking for a multi-bagger, the underlying trends indicate you may have better chances elsewhere. If you want to know some of the risks facing Central Asia Metals we've found 2 warning signs (1 is significant!) that you should be aware of before investing here. While Central Asia Metals isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
an hour ago
- Yahoo
Trump said he'd end Ukraine war in 24 hours. Now his patience with Putin is wearing thin.
President Donald Trump said he would end the war in Ukraine within his first 24 hours in office. But now, more than 4,000 hours in, Trump's patience with Vladimir Putin, whom the U.S. president only last month called "very kind," appears to be wearing thin. Relations have hit a wall as Russia's leader has pushed forward with intensifying drone and missile attacks on Ukrainian cities while appearing to repeatedly rebuff Trump's attempts to broker a ceasefire. "We get a lot of b**shit thrown at us by Putin, if you want to know the truth," Trump told reporters on July 9, summing up what Ukrainians and other seasoned Russia watchers have been saying for two decades. "He's very nice to us all the time, but it turns out to be meaningless." Here's how the Trump-Putin geopolitical love affair turned sour. Trump initiated direct talks with Putin shortly after taking office, saying − much to Putin's delight − that he was effectively ready to let Russia keep the Ukrainian territory it had already taken when Moscow invaded Kyiv in February 2022. Trump also said that Ukraine's Crimea region, which Putin seized in 2014, "will stay with Russia." At the same time, Trump said he was not interested in spending more on Ukraine's defense, an issue that exploded out into the open when Ukrainian President Volodymyr Zelensky visited the White House in February. "You don't have the cards right now," Trump told Zelensky in remarks that were carried live on TV and appeared to belittle Ukraine's leader. Trump said Putin had been the victim of a "phony" American "witch hunt." He said Ukraine would need to make concessions and started pressing Kyiv to sign an agreement over its mineral wealth. 'My favorite president': Donald Trump and the art of world leader bromances American intelligence agencies and officials have for years struggled to understand Putin's precise foreign policy goals. In Ukraine, their best guess is he wants to weaken it as much as possible as part of an effort to keep it out of the NATO military alliance and retain or restore Russia's cultural and economic sphere of influence around its borders. That means grabbing Ukraine's land and wearing down the morale of its people and communities through wave after wave of drone and missile attacks that have killed thousands of civilians, according to the United Nations. War crimes in Ukraine: Kyiv's push for swift justice What Putin has made clear, at least in the timeframe that he's renewed talks with the White House, is that he's still intent on pounding Ukraine to deadly effect. In fact, according to an analysis by the Washington-based Institute for the Study of War, Russia's drone and missile strikes on Ukraine have increased following Trump's January inauguration. It has appeared to take Trump some time to publicly acknowledge this. But he did eventually, saying in April, "I am not happy with the Russian strikes on KYIV. Not necessary, and very bad timing. Vladimir, STOP!" One Ukrainian who lives in Kyiv said in a WhatsApp message that he, his wife and kids are "going completely mad" with having to repeatedly run to bomb shelters, metro stations and underground parking garages to seek shelter at a rate they have not had to do since the start of the 3.5-year-old war. Trump has spent years praising and appearing to carefully avoid criticizing Putin. The origins of this admiration are not well understood. Both men say they first met face-to-face on the sidelines of a 2017 international summit in Germany during Trump's first term. But Trump has also gone on the record saying that he met Putin for the first time in 2013 on a visit to Moscow for the Miss Universe pageant. Whatever the case, five months ago, Trump said that he knows Putin "very well" and believes he "wants peace" in Ukraine. Still, two rounds of Trump-brokered, indirect ceasefire talks between Ukraine and Russia have come to nothing. And after multiple phone calls with Putin since taking office, Trump now appears to be shifting his thinking − and actions − on Putin and Russia. After a brief pause, he's ordered the Pentagon to restart shipping weapons to Ukraine. The White House is ramping up pressure on European countries to pitch in more to support the air defense supplies that Ukraine most needs. Some countries have complied in recent days. Momentum is building for bipartisan legislation that would impose severe sanctions on Russia − amounting to a 500% tariff − on any country that buys, sells or supplies Russian oil, gas and petroleum if Russia refuses to negotiate a peace agreement with Ukraine. Senate Majority Leader John Thune, a South Dakota Republican, said that the bill could be ready for a vote as soon as this month. 'We need a Russia sanctions bill that puts some real constraints on the ability of the president to play on again, off again, with Vladimir Putin,' Sen. Elizabeth Warren, a Democrat from Massachusetts, said in an interview. Meanwhile, U.S. Secretary of State Marco Rubio told reporters on July 10 in Malaysia that Moscow had presented a "new concept" that could open the door to peace during a meeting he had with Russian Foreign Minister Sergey Lavrov. Rubio said they shared some ideas and information that he would take back to Trump. Trump, for his part, has teased a "major" statement on Russia early next week. Is the bromance finally over? Did it ever really start? Putin is a former KGB officer who has long trafficked in misinformation, disinformation, propaganda and outright lies. Trump often makes false or misleading claims in his speeches and social media posts. 'Trump," former U.S. envoy to Ukraine Bill Taylor said in a media appearance this week, "has now figured it out that Putin is the problem." This article originally appeared on USA TODAY: How the Trump-Putin bromance flowered − then soured
Boston Globe
an hour ago
- Boston Globe
US sanctions Cuban President Díaz-Canel and other officials for human rights violations
'The U.S. will continue to stand for the human rights and fundamental freedoms of the people of Cuba, and make clear no illegitimate, dictatorial regimes are welcome in our hemisphere,' Rubio said in the statement. Advertisement The Trump administration has taken a harder line against Cuba's government than the Biden administration. In addition to Díaz-Canel, the U.S. sanctioned Cuban Defense Minister Álvaro López Miera and Interior Minister Lázaro Álvarez Casas. Shortly after the announcement, Johana Tablada, deputy director of the U.S. department in the Cuban Foreign Ministry, lashed out at Rubio, calling him a 'defender of genocide, prisons and mass deportations.' The rare protests in 2021 came about after repeated blackouts in Havana and other cities. One man died and some marches ended in vandalism. Groups supporting the government responded along with authorities to repress the protests. Human rights groups estimated there were more than 1,000 arrests but the government gave no official figures. Advertisement At the time, the Cuban government said it was the result of a U.S. media campaign and decades of U.S. sanctions. In 2022, Cuban prosecutors said some 790 people were investigated for acts related to the protests ranging from disorder to sabotage and vandalism. The advocacy group 11J, whose name alludes to the protests, said late last year there were 554 people serving sentences related to the protests, but some were given conditional release in January after an appeal from Pope Francis.
