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Friday, August 28, 2020
Volume 16 • Issue No. 35
Working to Recharge Coin Circulation Fire Captain Completes Officer Certification
NATIONWIDE Coin circulation has emerged as a new disruption caused by the COVID-19 pandemic. Many have referred to this as a shortage; however it is not. There is more than $40 billion in coin already in circulation, most of which is sitting dormant inside America’s 128 million households. As people have changed their spending habits, and coin-intensive businesses and financial institution lobbies have been less accessible, the nation’s coin is pooling in change jars, in car cup holders and in shuttered businesses, making it difficult for the businesses of this country to get the coin that they need to support cash transactions. To address the circulation problem, the United States Mint and Federal Reserve established a U.S. Coin Task Force in July 2020 that includes representatives of critical parts of the coin supply chain such as financial institutions, armored carriers, retailers, and coin aggregators. “The weak circulation affects most everyone but the hardest hit are small cash-dependent businesses and those See COIN page 3...
Local Average Tide Chart Date High Low am pm
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Arts & Entertainment Calendar of Events Classifieds
Computer Lady Dining
Home & Business
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This illustration offers a stylized view of U.S. coin circulation. It should be noted that the size of the various arrows do not reflect the relative size of the supply and demand, nor does it show changes in pace or problematic pooling.
a comprehensive report of the issues, goals, and avenues to rebuild the training site to ideal condition. There are only approximately twelve MFO graduates in the State of Maine. Congratulations to Captain Bernard on his certification!
Significant Trade Victory Public Comments Sought for Maine Lobster! on Fishing Law Changes
WASHINGTON, D.C. U.S. Senator Susan Collins announced that the United States and the European Union have reached an agreement to eliminate tariffs on live and frozen American lobster, which will help to substantially boost sales of Maine lobster to European markets. Several years ago, the European Union was a top destination for American lobster, accounting for approximately 15 to 20 percent of annual lobster exports. In 2017, the Comprehensive Economic and Trade Agreement (CETA) was implemented between Canada and the European Union, reducing tariffs to zero on live Canadian lobsters and eliminating tariffs over a period of several years on frozen and processed Canadian lobsters. This put American lobster exporters at a serious disadvantage because, unlike Canadians, American exporters were
Library News
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Obituaries
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Puzzles
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Pets
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Real Estate
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OGUNQUIT Ogunquit Fire Captain Bob Bernard completed his Managing Fire Officer certification. Managing Fire Officer (MFO) is a rigorous two-year course in learning the details of all aspects of being a company officer, focusing on the administrative side to become a well rounded officer to assist in all aspects of a fully functional emergency service. This course requires students to travel to the National Fire Academy in Emmitsburg, MD, for a total of four weeks of classroom instruction and work followed by several hours of projects and homework, including a final capstone project. Captain Bernard’s capstone project was on the condition and feasibility of repairing our current training facility, providing
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facing tariffs of between 8 and 30 percent to sell into the European Union. Under the deal reached today, there will now be a 0% tariff on live and frozen lobsters from the U.S., retroactive to August 1. The agreement is expected to last for five years, with the European Union taking steps to make it permanent. “This is welcome news for the hardworking men and women in Maine’s lobster industry who are facing severe financial difficulties due to the COVID-19 pandemic and the ongoing trade war that has reduced exports. Placing U.S. lobster on a level playing field with Canadian lobster is a significant victory that will reopen this lucrative market to Maine lobstermen and women,” said Senator Collins. “I will continue to fight on behalf of our state’s lobster-
STATEWIDE The Department of Inland Fisheries and Wildlife is proposing regulation changes for the upcoming ice fishing and open water fishing seasons. These regulations are needed to provide effective conservation of
Beach Sandcastle Contest OGUNQUIT The Annual Ogunquit Beach Sandcastle Contest is a free and fun event for folks of all ages but this year, due to COVID-19, and the guidelines for social distancing, the event will need to be different this year. Judges want participants to be able to spread out and still enjoy the fun but will not be
See LOBSTER page 2...
Health & Fitness
A section concerning your health...
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Maine’s inland fisheries and to enhance fishing opportunities throughout the state. The public is encouraged to offer comments until September 10. For details, go to www.maine.gov/ ifw/news-events/rulemaking -proposals.html.
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BUSINESS & FINANCE 13
New Hampshire Newspaper? The Granite State Newspaper
Available at www.granitestatesentinel.com