What You Should Know About US Money Reserve Penny

CNBC Squawk Box interviewed Phillip Diehl formerly of the director of the U.S. Mint and now the president of U.S. Money Reserves about the dying of our precious penny.

Mr. Diehl is a graduate of Stamford University, and during his forty year career also worked at Senate Finance Committee. In the interview Mr. Diehl explains how it costs more to make the penny than it’s now worth, and that how the penny is no longer made of copper, but is over 97 percent zinc.

Mr. Diehl goes onto explain that even if you see a penny in the street and bend over to pick it up you are working for less than minimum wage.

The example given Mr. Diehl were MacDonald’s burgers selling for $3.99. Taking the penny away, some feel the price will rise to $4.00, and this effect of removing the penny will affect prices across all industries and products.

U.S. Money Reserves president disagrees with those views. He believes that Mac Donald’s is more likely to come down to $3.95 for the burger instead of annoying customers over a penny. Mr. Diehl believes that it’s an argument use by the penny lobby to keep it in production. He explains that 75 percent of all transactions now are electronic, and that only 25 percent are in cash.

The penny lobby is made up of the zinc industry, and the industry that produces the blanks and the penny itself. Mr. Diehl explains by eliminating the penny, the government will save about one hundred and five million dollars a year.

When it was pointed out that it costs more to produce a nickel than five cents, Mr. Diehl replied that we are able to change the composition of a nickel, but it’s impossible to do the same with the penny anymore. He also mentions that the Illinois Congressional Delegation wants to keep the penny in circulation because of Abraham Lincoln.

One Bad Day Can Mess Up A Reputation

A single bad day should not be enough to cause major harm to a person’s reputation. “Should” is a subjective word here. One bad day sometimes “does” harm a person’s life.

On one day on the campus of the University of Missouri, a protest event took place. Assistant Professor Melissa Click found herself in a heated confrontation with a few journalism student. Things were captured on video, and the video ended up hitting the media. Due to that one bad day, Melissa Click lost her job.

Lamenting over “one bad day” is not likely to help change things in any way. Rather than lament, it is best to take proactive steps to mitigate a situation. Click chose to hire the Austin, TX firm Status Labs to address the situation from a public relations and image management perspective. This might prove to be an extremely wise step.

Status Labs works at fixing public relations woes and other public media mishaps. Generally, the work handled by Status Labs is internet-oriented. Good reason exists for this.

Once something less-than-flattering appears on the internet, the material could have a haunting effect on a person’s life. The content remains online for years and years creating an impression of a person that might not even be close to accurate. As unfair as this sounds, that is just the way things go.

Status Labs and president Darius Fisher has helped an impressive array of clients who have had to deal with the fallout of one or more bad days. These clients are found all throughout the globe. The company’s massive growth in only a four-year period shows the firm has been able to help various clients deal with all sorts of complicated situations.