Car Sales of the Summer
Buying a new car can be very exciting! Currently with interest rates being low many people are
motivated to buy. The only issues is that many car dealerships are lacking inventory due to the COVID-19 shutdown. With less cars and high demand, new cars prices have increased. General Motors recognizes the need for new cars and is hoping to make 600,000 units by the year end.
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Coin Shortage
The US is facing a coin shortage. Coin production has not stopped but with more companies using non-contact payment, less coins are being used in business transactions which means fewer coins available in circulation. The Federal Reserve is working to produce more coins. In the meantime, companies such as Wawa are asking customers to pay with either exact change or round up their purchase to the nearest dollar.
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Australian Bush Fire
Earlier this year brush fires burned across 46 million acres in Australia. The fires killed 3 billion animals, destroyed over 5,900 buildings, resulted in $4.4 billion in economic damage and released about 900 million tons of carbon dioxide into the atmosphere. Scientists are now studying how this increase in carbon emissions atmosphere will affect global warming.
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