Press-Republican

FYI...

December 4, 2012

Could the dollar bill be on its way out?

A branch of the U.S. government is pushing for a dollar coin instead

If you’ve ever been to places like England and stayed for more than a day, you’ve probably walked around with a pocket full of change, as coins in the U.K. are used similarly to how one- and five-dollar bills are used in the United States.

Although the dollar bill isn’t the almighty standalone currency it used to be in terms of value, there’s something about that army-green, leather-smelling piece of paper that serves consumers well.

And the dollar may not buy you a whole lot these days, but it will still get you a lot of items that we use in our day-to-day lives, like that pack of gum sitting by the register at the convenience store or that tabloid newspaper that you grab on your way to work each morning.

Let’s face it, the dollar bill is still a nifty little piece of paper to have--and if you pool enough of them together, you don’t have to break that $20 bill in your wallet--because we all know that once that $20 is broken, it will disappear like David Blaine is practicing some elaborate trick with your finances.

But what if the dollar was removed from U.S. currency altogether, and just like our good friends on the opposite side of the ocean, we only used coins to represent it, and instead of carrying a wad of ones we toted around a bunch of change?

GAO's recommendation

Throughout the last couple of decades, the Government Accountability Office (GAO) has been trying to get rid of the paper dollar and replace it with a coin; in several reports, the U.S. agency has indicated getting rid of the paper dollar would ultimately save the country a significant amount of money.

Text Only | Photo Reprints
FYI...
  • Hospitals let patients schedule ER visits

    Three times within a week, 34-year-old Michael Granillo went to the emergency room at Northridge Hospital Medical Center in Los Angeles because of intense back pain. Each time, Granillo, who didn't have insurance, stayed for less than an hour before leaving without being seen by a doctor.

    July 23, 2014

  • Why it's basically impossible to delete those naked selfies you text

    If you're selling an old Android smartphone on an online auction site, you could be giving away rather more than you intend to, according to a recent investigation by anti-malware company Avast.

    July 21, 2014

  • Why does the Vatican need a bank?

    The Vatican Bank's history reads more like Dan Brown than the financial pages, but its worst -- and weirdest -- days may be behind it.

    July 18, 2014

  • Almost half of the world actually prefers instant coffee

    Americans' taste in coffee might be getting more high-end _with a growing fixation on perfectly roasted beans, pricier caffeinated concoctions, and artisan coffee brewers - but it turns out a surprisingly big part of the world is going in the opposite direction: toward instant coffee.

    July 17, 2014

  • ent_taylorswift.jpg There's less good music now — here's why

    Taylor Swift, the seven-time Grammy winner, is known for her articulate lyrics, so there was nothing surprising about her writing a long column for The Wall Street Journal about the future of the music industry. Yet there's reason to doubt the optimism of what she had to say.

    July 14, 2014 1 Photo

  • Can plants hear? Study finds that vibrations prompt some to boost their defenses

    They have no specialized structure to perceive sound as we do, but a new study has found that plants can discern the sound of predators through tiny vibrations of their leaves - and beef up their defenses in response.

    July 12, 2014

  • wheat1.jpg Backlash has begun against gluten-free dieters

    The swelling ranks of Americans adopting gluten-free diets have given rise to another hot trend: people calling the whole thing a bunch of baloney.

    July 11, 2014 1 Photo

  • 140516-recalls_1357_88cb85dbc81b724b4ae9c83db4426fd8.jpg Auto recalls break single-year US record with six months to go

    With six months left in 2014, automakers have already recalled more vehicles in the United States than in any other year on record.

    July 10, 2014 1 Photo

  • The science of shyness

    Shy people have quite a bit to contend with - not least the word itself. It has a number of different meanings, none of which are flattering. To "shy away" from something implies avoidance; to "shy" can also mean to move suddenly in fright; to "be shy of" something can mean to come up short, or be insufficient.

    July 8, 2014

  • Wanna write a pop song? Here's a foolproof equation

    Pop songs (generally) stay in one key, are in 4/4 time, last between three and five minutes, are organized into chunks of four or eight bars, have a repeating chorus played two to four times, include the title sung at least three times, and feature short melodic fragments that repeat a lot to help everyone to remember them.

    July 7, 2014