Pitiful but true: it's now costing more to produce a US penny than its face purchasing power. Same for the nickel. Are these humble coins worth keeping around? Should we shift to a cheaper American alloy or phase them out entirely? A penny for your thoughts . . . 'cause them's my two cents.
Book to check out: Fareed Zakaria, The Post-American World (2008), aka "The Rise of the Rest." Brand new, though it may cost quite a pretty penny.
In another Weegee shot for the ages, a modern woman (1939) examines a copy of Apes, Men & Morons by Earnest Hooton (1938). Drop the Nazi-like racism, keep the title for fictional dialogue and above all, spare your brother a dime. . . . .
Option B for the Great Recession of 2008, from A Charlie Brown Christmas (December 9, 1965):
Sally Brown: Please note the size and color of each item and send as many as possible. If it seems too complicated, make it easy on yourself -- just send money. How about tens and twenties?
Charlie Brown: Tens and twenties? Oh! Even my baby sister!
Sally Brown: All I want is what I have coming to me! All I want is my fair share!
Today's Rune: Warrior.
5 comments:
I just read a bit of this in the Asian edition of Newsweek. It's interesting, living where I do and working this community, how little people really care about the US. We're kind of irrelevant.
If you chuck them then everything [rice wise round up to the nearest dim or two dimes if you account for taxes.
Keeping them for making change is good, saving them until they amount to a dollar is better.
Peace
mark
Hi Erik. I have been . . .? around, I guess one could say. Thoughts astounding. Creativity abounding. Life has been "different." I can't seem to recognize most of my life these days.
That all being said . . . I love this post! I heard about the penny situation, but not the nickel dilemma.
It is a bit frightening to rid our currency of the small coins. What does this really say about the state of our economy?
'A penny saved is a penny earned.' No pennies - no savings? No earnings? ? ?
Although, I do hate those price endings of .99 cents - annoying.
I have an old jar of pennies earned, found, saved. I can't disrespect that copper cent so I am in all terms of the word, "a penny saver." I save the poor little thing from the washer, the sidewalk, the bottom of boxes and my purse . . . etc! LOL
Hope you are well and enjoying this flirtatious spring.
Lindy ;)
I'd phase out the penny and make the nickle from something cheaper.
I saw Fareed Zakaria on the Daily Show and thought the discussion about his book was interesting. The transition to a global outlook certainly seems to confirm the "interesting times" notion. We are in a time of tough transition with many growing pains.
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