Good morning and welcome to our Friday photo blog experience. It was interesting a few weeks ago when the fires were raging in Southern California how we were seemingly unaffected weather wise here on the central coast. Then one evening towards dusk down at Its Beach, smoke appeared on the horizon, which is what we are featuring for today’s main course, with a little moon a la mode for dessert. I shot a couple more sunsets this week so lots more end of the day, sun dropping into the Pacific Ocean action on the way.
Do you ever think about how they design our dollars? After six decades in which $100 bill has never changed its look, this currency is undergoing a makeover that includes a face lift and tummy tuck. A new security thread has been approved for the $100 bill in an effort to thwart counterfeiters who are armed with ever more sophisticated computers, scanners, color copiers and sketch pads. The C-note, which features the likes of Benjamin Franklin, is the most frequent target of counterfeiters operating outside the United States.
The redesign of the $100 is about one-third of the way complete and is expected to go into circulation next year. It combines micro-printing with tiny lenses-650,000 for a single $100 bill. The lenses magnify the micro-printing so that if you move the bill side to side the image appears to move up and down. Move the bill up and down and the image appears to move side to side. Finally, if you put your right foot in and then take your right foot out and shake it all about, then that’s what it’s all about.
The $100 represents more than 70% of the $776 billion in currency in circulation, two-thirds of which is held overseas by someone with very strong arms. The government says $118.1 million in counterfeit U.S. currency was detected in 2006. While that is a fraction of the currency in circulation, the Secret Service is concerned with the threat, especially the challenge posed by new digital technology.
To stay ahead of the counterfeiters, the Bureau of Engraving and Printing plans to redesign U.S. currency every seven to ten years. That is a far cry from the practice for most of the 20th century-from 1929 to the 1990s-when the currency stayed the same without any major changes. Of course, that was when $1 was worth 4 quarters.
By order of Congress and owners of gentlemen’s clubs, the $1 bill, which accounts for 45 percent of the notes printed each year, will not be redesigned. Lawmakers were concerned about the cost to business if low-end vending machines that only take coins and $1 bills had to be upgraded. I mean, what would you do if you couldn’t go to the vending machine on the floor of your hotel and score a bottle of Dr. Pepper for $1.75?
That’s all she wrote for this week but there’s another sunrise coming your way on Monday. So let’s end the week with some monetary humor. A banker fell overboard while taking a cruise on a friend’s yacht. The friend grabbed a lifebelt, held it up, and not knowing if the banker could swim, shouted, “Can you float alone?” “Of course I can” yelled the banker. But this is one heck of a time to talk business.” So keep the faith, have a great sports weekend and enjoy the moment.