Why We Spend Coins Faster Than Bills
As the recession deepened, Rick Alfaro of Sacramento noticed that more people were using coins in his office vending machine — and clogging it up. Alfaro's theory was that people were feeling pinched and that using coins, as opposed to dollar bills, made them feel they were spending less. He asked the worker who stocks the machine, and the answer came back that he was right. People are "kind of scrimping a little bit and digging in their car" for loose change, Alfaro says. For Alfaro it was just a hunch, but it turns out that economists have researched the phenomenon, which they call the Denomination Effect.
New York Governor Wants Statewide Food-Posting Initiative
from Troy Record
Keeping with a fight he initiated in his January State of the State address, Gov. David Paterson announced legislation Monday that would require chain restaurants and convenience stores statewide to post the calorie counts of the foods they offer.
|| Product Showcase: Follett Ice and Water Dispensers|
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Coffee Industry Optimistic About UK Consumption Growth In 2009
from CNN Money
he coffee industry is optimistic about achieving coffee consumption growth in the U.K. in 2009, despite the global economic slowdown, coffee companies said Tuesday.
|Corporate Social Responsibility|
Get Ready for New Auto Mileage and Emissions Rules
President Barack Obama put to rest today a long-running feud between the auto industry, U.S. Environmental Protection Agency and more than a dozen states over the right to regulate vehicle tailpipe emissions.
Show Me the Money: Uncovering Rebates and Grants to Help Boost Business Efficiency
People love to talk about the millions of dollars available to help companies go green, with public and private agencies offering hundreds of grants, incentives, and rebate programs designed to help offset the costs of making businesses more efficient. The new stimulus package promises to add millions more to these coffers.
What the Stimulus Package Means for Small Business
from U.S. News & World Report
The American Recovery and Reinvestment Act of 2009, better known as the stimulus package, was signed into law by President Obama in February. It amounts to $787 billion in government spending, incentives, and tax cuts designed to kick-start the economy and create or save 3 million to 4 million jobs over the next two years.
New NAMA Knowledge Source Partner |
Are you contemplating cashless vending? Do you need answers regarding payment system solutions or tips about energy management of your vending machines? NAMA’s newest Knowledge Source Partner, Chris Mumford, is anxious to speak with you! Click here and log in to the Members section for further details.
Second Annual NAMA Coffee Service Education Summit
Anyone involved in providing coffee service should be attending the powerful 2nd Annual NAMA Coffee Service Education Summit being held June 15-17 in Cherry Hill, NJ. Unlike virtually every other market segment dealing with a difficult economy, the coffee service industry is poised to deliver skyrocketing sales and profits. Don’t miss out on the necessary tools to help operators thrive in one area of the economy where growth is still projected. Click here for details and to register.