Originally published on Mon October 15, 2012 9:58 am
The food world is buzzing today about the latest news on just how often we waste perfectly good food. And we admit, the statistics are pretty depressing.
About 40 percent of food in the United States today goes uneaten. The average American consumer wastes 10 times as much food as someone in Southeast Asia — up 50 percent from Americans in the 1970s. Yet, 1 in 6 Americans doesn't have enough to eat, says the U.S. Department of Agriculture. And food waste costs us about $165 billion a year and sucks up 25 percent of our freshwater supply.
The Federal Reserve could take more steps to boost the struggling U.S. economy. That's according to minutes released Wednesday of the Federal Open Market Committee's July 31-Aug. 1 meeting.
"Many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to a substantial and sustainable strengthening in the pace of the economic recovery," the minutes said. [PDF]