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It's said a penny saved is a penny earned. But a penny exchanged with a 10% return rate is a financially friendly investment.From the Texas panhandle to southeast Wisconsin, banks across the country are launching coin buyback programs amid a nationwide shortage."We just wanted to be prepared to take care of all of our customers and not leave them short," Erik Schrader of Amarillo National Bank said.Schrader says anyone can bring in up to ,000 in coins to Amarillo National locations and swap them for 10% more in cash. So far, he says the trade-off is paying off for both people and banks."I've never seen a coin shortage. We have had lows throughout time, but never anything we thought was a problem," he said. "But luckily, we were able to get out ahead of this."Some customers aren't even looking to cash in. Neil Buchanan of Community State Bank in Wisconsin says many customers are simply exchanging the coins for bills and not taking the 5% incentive."We've had a lot of people come in and say, "No, no. I don't want the bonus. I just heard that there was a problem. I have this coin. I want to be part of the solution.,'" he said.Economic experts say the coin shortage is linked to the pandemic."There was a decline in supply of coins by the mints and there was an increase in demand for the coins as we all got back to getting the groceries," said Kishore Kulkarni, Ph.D., a professor of economics at MSU Denver.Kulkarni said countries around the world have suffered from coin shortages before, and while these types of coin buyback programs do help the economy, more transactions in the future will require less exact change."We are in a cashless society already, and we will be more so moving forward," Kulkarni said.Moving forward financially, Amarillo National Bank will continue exchanging coins for cash through Sept. 1. Community State Bank has received so many coins that it ended its buyback program. 1931
INDIANAPOLIS, Indiana — The Indianapolis Zoo is facing it's second loss in less than a month after a female orangutan died on Tuesday.Kim was a 39-year-old orangutan who came to the Indianapolis Zoo with her infant, Max, back in 2016 from the Jackson Zoo in Mississippi. 283
INDIANAPOLIS -- Two teachers and a student at Decatur Central High School spent some time in the hospital on Monday after a man got into the school and tried to attack a studentA district spokesperson says anyone entering Decatur Central High School has to be buzzed through a locked door by an employee inside. Tyrese Little, 18, was buzzed into the school along with family members who had students who attend the high school. The school spokesperson said he was in the main office of the building when he saw a student with whom he had a problem and went into the hall to confront him.“I saw the wrestling coach try to stop him and he couldn’t really stop him and at that point, most of the teachers in that hallway had detained this person and got a hold of him and they had him in handcuffs,” student Jayson Wagner said. “The wrestling coach is a pretty big guy, and he couldn’t even stop him.”A 16-year-old student and two teachers were injured and taken to the hospital to be treated.The school was never placed on lockdown and Little did not have any weapons on him at the time of his arrest. The school spokesman says a school resource officer was nearby to help take little down.Little is charged with battery resulting in bodily injury and battery against a public safety official. 1317
Information released by the U.S. Census Bureau today shows a more than 3 percent increase in the median household income.In 2016, the average annual household income was ,039 — an increase of 3.2 percent over 2015's, which was ,230. It's the second consecutive year the U.S. has seen an increase.U.S. men continue to earn more than women, the report shows. 385
In happier news... thank you everyone who searched high and low. To the person who took the bear, thanks for keeping it safe. Vancouver is awesome. #FoundMarasBear https://t.co/X7FlyiR89P— Ryan Reynolds (@VancityReynolds) July 29, 2020 243