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The pandemic has brought on a shortage of toilet paper, cleaning supplies and disinfectants. Now there's a new shortfall in the form of currency.The coin supply has been disrupted, forcing the Federal Reserve to step in.Like everything else in our lives, COVID-19 got in the way. This time it’s affecting the currency supply by causing fewer coins.Now, the U.S Mint is trying to keep up with the demand.Jim Gaherity of Coinstar, which has 22,000 kiosks around the world, says this is a call to action.“What’s happened during the pandemic is businesses have been shut down without access to buy your daily coffee, afternoon sandwich, which most purchases of small items is done by cash,” Gaherity said. “In the US, the ability of the consumer to recirculate that coin back into the retail, which then goes back into the bank, slowed down significantly.”The 29-year-old company is mainly featured in grocery stores and banks. People come in with loose change and get a voucher for folding money, or these days, you can load your Starbucks and Amazon account, donate to charity, or buy bitcoin. Gaherity says, believe it or not, most of those coins are now stuck in people's homes.“The vast majority of coins is (sic) recirculated through typical use of consumer,” Gaherity said. “They’re either taking it and buying things from store. which goes into till which then goes back into the banking system into inventories, or they’re going to aggregators like Coinstar.”The way money is funneled through our country is like a big cycle. The mint produces a new coin and it goes through the federal reserve bank, which then takes orders from banks and distributes it.“What banks do is look historically in terms of retail orders that they’re getting,” Gaherity said. “Retail is getting coin and currency from their local bank and they know historically what that volume typically looks like so they place their orders in advance to fulfill the need from retail.”Businesses and consumers help move it around too.“Coinstar recirculates more coins every year in the US by 3.5 times what the US mint produces,” Gaherity said.Those Coinstar kiosk bins weigh about 700 pounds when collected. That's a lot of pennies, nickels, dimes and quarters. Trucks pick it up and swap it out.“That coin goes on the truck and into a processing center,” Gaherity said. “It’s places like Loomis and Brinks where we deliver that coin. They take those bins and fine count every single piece and distribute into denominational bins so all the pennies, nickels, dimes, all get segregated. Once that’s all done and count is complete, it goes back into the local bank.”Coinstar is doing extra pickups to help recirculate as much as they can. There's just not enough out there because people aren't putting it back into the system.Asked if coins are, like toilet paper once was, the next thing that people are hoarding. Gaherity said, “That’s the question we’re trying to answer. We work with the Mint and Federal Reserve to try and understand better are banks hoarding it right now? Are they keeping it for themselves for their customer calls to start again? If you think about a bank that services Walmart, they want to have enough coin in their inventory to deliver to Walmart for their registers. They don’t want to disappoint Walmart. Nobody wants to disappoint their retailers.”Banks are the largest recycler of coins. They, like the rest of us, are watching, waiting, to be able to resume normal routines. When we asked what's next, Gaherity said, “That is the question of the day. How do we get the right supply to meet the demand that’s out there? What we’re asking Americans is come out and do your normal transactions, go to a Coinstar, go to a bank and make despots so we can see recirculated coin fill the pipeline enough for the demand we have.”The good news he says, is that the European Coinstar Operations are back online and normal. 3923
The owner of a company that builds 3D-printed guns said he has begun selling blueprints of the weapons to elude a court order on Monday that banned him from giving the plans away for free.Cody Wilson, the founder of Defense Distributed, said that he interpreted Monday's federal court order to mean that he could not put gun blueprints online to be downloaded for free. Instead, he said, he is now selling the blueprints to customers, letting them name their own price and then emailing or shipping it to them."Anyone who wants these files is going to get them. I'm gonna sell it to them, I'm gonna ship them. That began this morning," Wilson said. "That will never be interrupted. The free exchange of these ideas will never be interrupted." 750

The last year has been a challenging one for New York City, which was among the hardest hit areas in the world for coronavirus cases.Months after a spring surge of cases, schools closed and hospitals filled with coronavirus patients this week, as life is struggling to return to normal. One sign life isn’t back to normal is that next week’s Macy’s Thanksgiving Day Parade will be held without spectators.In honor of the front-line workers keeping New York City safe and healthy, Macy’s has decorated its storefront at its flagship store in Midtown Manhattan with the theme "Give, Love and Believe."The tradition of decorating the storefront dates back 146 years. Macy’s installed social distancing markers in front of the mural to space onlookers.The storefront is part of a broader theme of philanthropy at all Macy’s locations throughout the United States.All Macy’s locations will have a red mailbox where children can address letters to Santa. For each letter received by Macy’s addressed to Santa, the retailer will donate , up to million, to the Make-a-Wish Foundation.“Believe is a special moment for the Macy’s family each year,” said Lauren Anania, Macy’s Director of Cause Execution. “As we celebrate the wonder of giving, we feel privileged to support Make-A-Wish in its quest to grant the wishes of children in need. We are proud of the passion that our colleagues bring and grateful to our customers for turning this program into a tradition of endless generosity and community through the collection of millions of letters over the last 11 years.” 1575
The jarring noises and machines inside the Usheco plastics warehouse sound like home to the Schaeffer family.“My grandfather, Bernarr Schaeffer, started the business in ’61. So, proud to be third generation,” said Alethea Shuman, who will one day take over the company for her father.The company started with the World War II fighter pilot, and now, more than 60 years later, nearly every member of his family has worked inside these four walls.“It’s like having your own team. There’s an extra level of trust that you just don’t get elsewhere,” said Wayne Schaeffer, Bernarr’s son and the President of Usheco.They build all kinds of plastic devices. The company is known for air purifying planters, handicapped equipment, and laboratory supplies.“Our business was really founded on my grandfather wanting to make health-related products,” said Shuman. Now, this family is seeing a huge boom in some new products.At the start of the pandemic when everything shut down, Usheco had to lay off much of their staff because business dropped by about 40 percent. However, they designed face shields and desk barriers and had to bring everyone back on and hire extra workers on just to fulfill all their orders.“We only cut everyone’s hours for one week," said Shuman. "The following week, we were back to full-time hours for everyone."Hundreds of thousands of face shields and plastic desk barriers in custom shapes and sizes are coming out of this factory.While most businesses are in need of help themselves, the plastics industry is one of few seeing pandemic profits.“Things are looking pretty good for us,” said Schaeffer. “How can you not be thrilled to be helping out and making your business grow?”The Schaeffers say their U.S. made products are growing to a global scale. “Our pricing is similar to China now,” said Wayne.“We’re seeing new quotes coming in for things that are typically done overseas and were grateful to be able to help with that,” said Shuman.Shuman said by the time she takes over the business, she hopes the products keeping her grandfather’s legacy alive are no longer in stock.“I’m hoping we figure out a way to get past this and we’re not going to need PPE and sneeze guards, and the business coming back to the U.S. is going to support us. And from what I can see, that’s happening,” she said.But more important than business, is carrying on a tradition.“Over the last few months, we really have understood where our roots are and where we’re going,” she said.Towards a future where simple, plastic products mean more than ever before. 2571
The ObamaBiden Administration was the most corrupt in history, including the fact that they got caught SPYING ON MY CAMPAIGN, the biggest political scandal in the history of our Country. It’s called Treason, and more. Thanks for your very kind words Michelle!— Donald J. Trump (@realDonaldTrump) August 18, 2020 319
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