Month: October 2024

BALTIMORE — Comparing prices at the grocery store can be a pain as food prices are high.
Salem Abo-Zaid, an economics professor at UMBC, says we have reached the highest period of inflation since the 1970s and early 80s.
That’s partly because of the hits on the nation’s supply chain coming locally and from overseas as a result of the pandemic, but Abo-Zaid says prices are actually going down.
In June of 2022, inflation peaked nationwide at more than 9 percent. Now it’s at 3 percent, according to U.S. Labor Department data.
However, many families are still feeling the pain in their pockets.

Prices for fats and oils rose the fastest in 2023 by 9 percent, according to the USDA. Sugar, sweets, cereals and bakery products also saw price hikes.
Abo-Zaid said the ongoing war between Ukraine and Russia still hurts our grain supply since they make up 30 percent of the world’s grain market.
He also said the droughts and wildfires in Texas have caused major cattle loss and that is why shoppers are seeing high beef prices.
But restaurants are still battling inflation, labor, and energy costs, according to Abo-Zaid.

The Maryland Food Bank is on pace to distribute more than 52 million pounds of food which is a 20 percent jump in comparison to pre-COVID times.
The food bank’s president, Carmen Del Guercio, says they are now buying about $25 million worth of food. Before the coronavirus pandemic, they say they bought about $6 million worth.
They saw a spike in clients around October 2023 and say they are still trying to cater to the extra demand.
“Some of the government support has gone away and then you tie that with inflation going up at the same time,” Del Guercio said. “Many families are trying to muster their way through that but as time went on it’s harder and harder to do that.”
To save some dollars, Abo-Zaid advises shoppers to compare prices, cut coupons, and avoid wasting food.
“For example, minimizing the number of visits to grocery stores,” Abo-Zaid said.

TALLAHASSEE – The U.S. Supreme Court is scheduled Sept. 26 to discuss whether it will hear a First Amendment challenge to a 2021 Florida law that placed restrictions on major social-media companies.
A court docket Wednesday said the case will be considered during a “conference,” a closed-door meeting that includes making decisions about which cases to hear.
The conference will come after U.S. Solicitor General Elizabeth Prelogar and other Department of Justice attorneys filed a 25-page brief this month that said the Supreme Court should hear arguments about the Florida law and a similar Texas law.
The brief also said justices should uphold an 11th U.S. Circuit Court of Appeals ruling that blocked parts of the Florida law.
The state and two industry groups challenging the law — NetChoice and the Computer & Communications Industry Association — also have urged justices to take up the case.

The law (SB 7072) placed restrictions on large companies such as Facebook and Twitter, now known as X.
Ron DeSantis made a priority of the law after Twitter and Facebook blocked former President Donald Trump from their platforms after Trump supporters stormed the U.S. Capitol on Jan. 6, 2021.
The law, for example, would prevent the platforms from banning political candidates from their sites and require companies to publish — and apply consistently — standards about issues such as banning users or blocking their content.
Companies could face steep penalties for violating restrictions in the law. U.S. District Judge Robert Hinkle issued a preliminary injunction against the measure, describing it as “riddled with imprecision and ambiguity.”

The 11th U.S. Circuit Court of Appeals last year upheld much of the preliminary injunction, though it said parts of the law could take effect.
In a supplemental brief filed Wednesday, the tech-industry groups argued, in part, that the Supreme Court should strike down the entire law.
The brief said “all the law’s provisions reflect the same viewpoint, content, and speaker discrimination that permeate, and should doom, the entire law.”