Senate bill to phase out $1 bill, promote dollar coin
A bipartisan group of U.S. senators led by Tom Harkin,D-Ia., and John McCain,R-Ariz., introduced legislation to phase out the dollar bill over a 4-year period and force the country to begin using the 1.4 billion dollar coins that are in storage at the Federal Reserve. The bill is called the Currency Optimization, Innovation, and National Savings (COINS) Act. The U.S. Government Accountability Office has advocated for this change for more than two decades to help reduce government spending. They claim dollar coin will save money for those engaged in a large number of transactions like large retail stores, vending machines operators and transit agencies. “Promoting the dollar coin is a smart investment for our country that saves taxpayer’s money,” said Harkin. “With the deficit looming, we need only look at the cost savings from this effort to understand why this legislation is so urgently needed. I am hopeful that this bipartisan legislation will continue to gain traction in Congress.”
“With our nation’s debt now over $15 trillion, Congress must look at every area of the federal government, big or small, to save money,” said McCain. “By moving from the costly dollar bill to the dollar coin, we can save real money and show the American taxpayer that we are serious about cutting spending in Washington.”
Obama seeks school vending nutrition rules
The Obama administration is working on setting nutritional standards for foods that children can buy outside the cafeteria. The administration says it wants to ensure that what they eat contributes to good health and smaller waistlines. The proposed rules are expected within the next few weeks.
NAMA fights rest stop commercialization
The National Automatic Merchandising Association has sent a memo urging members to oppose S.B. 1813, a transportation bill which contains “The Portman Amendment” to allow for the “commercialization” of rest stop areas. NAMA believes commercialization of rest stops could diminish vending and rest stops.
Vistar Corp. launches green initiative
Vistar Corp. has teamed up with supplier companies such as Solo, Berkley Square, Silver Source, Tork and Chinet, to help grow its “green initiative” business program. For additional information on the green initiative, visit the customer center tab on the Vistar web site, www.vistar.com.
Massachusetts vendors fight fee hike
Massachusetts vending operators have begun placing stickers vending machines urging consumers to contact the state department of public health to protest a machine fee increase from $3 to $20.
DS Waters to buy Standard Companies
DS Waters of America, Inc. will acquire substantially all of the assets of Standard Companies Inc., one of the nation’s largest OCS firms. DS Waters is one of the country’s largest providers of home and office bottled water delivery service, with a growing presence in OCS and water filtration systems. Standard operates three business units: Standard Coffee Service®, StandGuard Quality Water Assurance® and Relyant Coffee Equipment Services™.
Richardsons halt Wow! Foods, join G & J Marketing Co.
Jimmy Richardson and his sons, Cole and Jason, recently discontinued Wow! Foods, a manufacturer of handheld foods serving the vending and convenience store channels, and have joined G & J Marketing Co., the Palm Harbor, Fla.-based vend product brokerage. Richardson said he and his son, Cole, are now independent contractors working as national sales reps for G & J Marketing, while his other son, Jason, is a vice president of operations. AdvancePierre Foods bought Wow! Foods packaging materials and continues to produce certain Wow! Foods products.