Americans still don’t like dollar coins

According to an NPR story this week, the Federal Reserve is sitting on a billion dollars worth of the $1 Sacagawean and Presidential coins, and the program to replace dollar bills with the metal coins has largely been deemed a failure. The government spends millions annually to mint new coins in order to introduce all the US presidents, resulting in millions languishing in vaults a la “Scrooge McDuck” said Planet Money’s David Kestenbaum. Despite the fact that they are legal tender and the government’s many efforts to promote their use, Americans still distrust the dollar coin.

Why the reason for the distrust? Americans claim they are difficult to spend, not recognized by many merchants, or just weigh down pockets too much. Perhaps we should ask our foreign neighbors how they have integrated them into daily life. America is one of the few countries in the developed world to use a $1 banknote and the only one of the top five traded currencies (including the Euro, British Pound, Japanese Yen, and Australian dollars) to use a bill in such a small denomination. Canada replaced the dollar bill with the “loonie” coin in 1987 and the British pound note has been out of circulation since 1983. Is taking away the $1 bill the only way to get Americans to use the coin? We reported earlier this year on a possible way to earn frequent flyer miles by purchasing dollar coins, a legal (but not encouraged by the US Mint) practice that may actually contribute to this back log of currency. Maybe go out and spend the coins instead and hope the trend catches on.

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Photo courtesy Flickr user cometstarmoon. Hat tip to Honza Kerver for the NPR story link.

More things to do in the national parks this weekend

Earlier this week we recommended a number of fun things to do this long Fourth of July weekend in the national parks. Those suggestions included fireworks displays on the National Mall and a picnic at Valley Forge, amongst other things. It turns out we were just scratching the surface, as here are even more great events happening in the parks this weekend.

Colorado National Monument will once again play host to their annual July 4th rock climbing event, during which skilled climbers will scale the 450-foot tall Independence Monument to plant an American flag at the top. Climbers are encouraged to bring their gear and join in on the fun, while others can simply enjoy the spectacle and take part in the ice cream social and jazz concert.

On Saturday, the Ozarks National Scenic Riverways, located in Missouri, will play host to a good old fashioned Midwest picnic in the form of the “Alley Independence Day” celebration. The event, which is held at Alley Springs, will include music, games, food, and more, all in a turn of the 20th Century setting.

Visitors to Cowens National Battlefield in South Carolina, can celebrate the holiday a few days early with fireworks and live music on the 2nd. Throughout the day there will be Ranger-led walks across the battlefield and demonstrations of Colonial-era weapons, as well as other educational activities for the kids. Fireworks begin promptly at 9 PM.In Maryland, the Antietam National Battlefield, site of one of the most important battles of the Civil War, will hold their festivities on the 2nd as well. They’ll begin the evening at 7:30 PM with the Maryland Symphony Orchestra performing a “Salute to Independence” concert. That will immediately be followed up with a fireworks display at 9:45 PM.

Finally, the birthplaces of two of America’s most important presidents will also be holding special events on the 4th as well. In Kentucky, the Abraham Lincoln Birthplace National Historical Park will host a concert performed by the Saxton’s Cornet Band beginning at 11 AM. Not to be outdone, George Washington’s Birthplace National Monument will be holding a costumed interpretation events and other hands-on activities for the kids.

Needless to say, there will be plenty to do in the national parks this weekend. Thanks to the National Park Foundation for these suggestions and checkout NPS.gov for more events in the parks near you. Enjoy the weekend!

Easy summer travel safety tips and cheap security products

Master Lock is the world’s largest manufacturer of padlocks and related security products providing insecurity solutions for home, automotive, campus, power sports, bike and storage security needs for consumers and contractors alike.

Who better to know about security and safety on an affordable level for travelers?

Before you head out on that road trip, hop on a plane or cast off on that cruise, Master Lock has developed a series of travel tips to ensure your vacation is an ideal time spent making lasting memories.

“Vacations can serve as a wonderful respite from everyday life and allow family members to reconnect,” said Rebecca Smith, vice president, marketing for Master Lock. “Taking the proper security precautions before and during a trip allows families to relax and enjoy their time away.”

To help avoid stress and frustration before, during or after a trip, Master Lock offers these five guidelines:

1. Secure all points of entry to your home, including dead bolting doors, windows, sliding glass doors and garage/shed doors to bolster your home’s security. If you have an alarm system in place, be sure it is activated before departing. Leaving just one of these areas open or unlocked can lead to theft.

2. Keep your home active. Whether you’ve hired a dog walker or a neighbor is headed over to water plants and pick up deliveries, ensuring your home still appears to have people coming and going regularly can deter thieves. Store your house key in a key safe such as the Master Lock 5400D Key Safe ($38.11) to allow these individuals to easily enter and exit your home, locking it up as they leave. If you do not have anyone visiting your property while you’re away, consider placing lights on a timer and stopping your mail delivery by visiting www.usps.com .

3. Lock up your luggage. Airports are full of people and distractions. Items can be easily stolen from bags while awaiting your flight’s departure, or before you pick up checked luggage from the baggage claim area. A TSA-accepted lock like the Master Lock 4688D ($9.21) luggage lock will help keep your possessions safe while in transit and allow you to move through security lines with ease.

4. Secure important items in your room. Whether you’re staying in a hotel, cabin or resort, it’s important to lock up valuables when not in your room. A secure document storage or cash box will help ensure your passport, traveler’s checks, cash and jewelry safe while you and your family enjoy the sights and sounds of your destination. If you’re taking your small valuables out and about with you, consider a Master Lock 5900D Safe Space ($19.99) to keep your belongings secure while you’re on the go.

5. Create an emergency plan. It’s no doubt you will have several activities planned throughout the course of your vacation. In the event that a member of your family becomes separated from your group while out and about, each individual should have a list of important numbers as well as a plan detailing how to reconnect with the group.

Flickr photo by breahn

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High finance for HomeAway says a lot about travelers

As the travel industry claws its way back from the depths of the 2008 financial crisis and subsequent consumer credit hangover, bright spots are already beginning to emerge. And unsurprisingly, it’s the non-traditional sort that seems to be leading the charge. After all, stung by layoffs, pay cuts and other personal austerity measures, we’ve had to find ways to spend less while still traveling. So, it’s no surprise that HomeAway got popular … and that investors are rewarding it.

What does all your HomeAway use mean?

Well, for starters, it translates to $216 million raised in one day. HomeAway went public yesterday, and its shares shot up 49 percent to just over $40 each. Now, the vacation rental company is worth $3.2 billion. Trading at 19 times 2010 revenues, HomeAway’s valuation is more generous than that of Priceline (8.1X 2010 revenue) and Expedia (2.3X 2010 revenue).

So, what’s all this financial stuff have to do with us, the traveling public? To me, it signals behavior. For HomeAway to be valued so richly, investors must see a lot of potential. Look for more people to look at the vacation rental alternative to hotel rooms and other traditional lodging options.

Abandoned Factories challenge communities

Over the years there have been factories built to make everything from candles to automobiles. As time marched on, new technology, better manufacturing methods or simply a change in demand rendered once-bustling factories obsolete and forced their closure. Once the lifeblood of a community, abandoned factories remain as a testament to what once was a vibrant business. Now, left for time to take its toll, many of these former backbone operations that helped forge today’s economy sit silently.

UsefulCommunityDevelopment.org
has some ideas for what might be done with these aging structures.

“Creative re-use of abandoned factories in your community can mean that an empty industrial building or complex for which there is no real estate market can live again as lofts, artist studios, unusual retail space, or offices for a marketing firm or other creative business.” the organization says on it’s website.

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Flickr photo (top) by Steve Snodgrass