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...special two-euro coin is being minted to celebrate the tenth anniversary of the launch of the common European currency on January 1, 1999 (although euro coins and notes were issued only in 2002). Five designs have been short-listed for the competition from 42 submitted by national mints, and are available for public viewing - and voting - on a European Commission website...

Author: /time Magazine | Title: Europe's Pocket-Change Democracy | 2/5/2008 | See Source »

...says the European Union is undemocratic? This month, the E.U.'s 495 million citizens will have the chance to vote in a remarkable European election, and one that will hit their wallets by next year: choosing the design of the new two-euro coin...

Author: /time Magazine | Title: Europe's Pocket-Change Democracy | 2/5/2008 | See Source »

...fact that I hate football and know nothing about it. Luckily, the thoughtful hosts who run gambling establishments don't want anyone to feel left out, so they invented the "proposition bet," which creates wagers based on hundreds of superfluous details, such as who will win the opening coin toss, whether the first missed field goal goes left or right or if the jersey number of the last person to score is odd or even. Somewhere, someone is placing a bet on whether Jessica Simpson will show up at the game without realizing her boyfriend...

Author: /time Magazine | Title: The Stupid Bowl | 1/31/2008 | See Source »

...reverse side of the strong loonie, the $1 Canadian coin that gets its name from the lake bird pictured on it. Canadians have been pouring over the border to bargain hunt, and the unemployment rate hit a 33-year low of 5.8% in October, owing to gains in the natural resource and service sectors. But the world's eighth largest economy has lost 329,800 manufacturing jobs since the Canadian dollar began its marathon climb five years ago. From an all-time low of 62¢ in 2002, the turbocharged loonie shot past the U.S. greenback for the first time...

Author: /time Magazine | Title: Canada's Loonie Creates a Conundrum | 12/20/2007 | See Source »

Canada's currency did dive after the dollar coin was introduced - all through the 1990s and into the early part of this century. January 2002 was the bottom. At it's all-time low then, the Canadian dollar was worth just less than 62 U.S. cents. Recovery since then, dramatic and steady, began with something as dull as a rise in oil prices. With that, the laborious process of drawing viscous bitumen out of Alberta's oil sands became ever more viable. Massive shovels churned the earth, digging up the tons of sand needed to produce each barrel...

Author: /time Magazine | Title: The Loonie Takes Off in Canada | 12/20/2007 | See Source »

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