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...step for a very old technology. A 1st century Greek may have invented the first coin-operated vending machine to sell holy water. The modern precursor of today's machines surfaced in 1880s London, dispensing postcards. Since then, machines have been used to sell everything from, well, soup to nuts. But they've remained fully rooted in the analog world. Enter Crowley's server-based company. It transforms video-game machines to offer 30 different games instead of one, and gives jukeboxes the capacity to deliver 2.2 million songs. Crowley expects the Coke machines could tap into that same tuneful...

Author: /time Magazine | Title: The Vendor Benders | 8/20/2006 | See Source »

...Professor Mosteller was my very first meeting with him,” said James W. Vaupel ’67, who was the first student to graduate with an undergraduate Statistics degree from Harvard.During one of Vaupel’s first meetings with Mosteller, the professor kept spinning a coin and recording whether it came up heads or tails, according to Vaupel.When Vaupel finally asked Mosteller why, “he gently explained that it was more random to spin a coin than to flip a coin, because a coin spun on a desk would spin many more times than...

Author: By Marie C. Kodama, CONTRIBUTING WRITER | Title: Statistics Dep’t Founder Dead at 89 | 8/11/2006 | See Source »

...small holes to put the wires through. Tiny holes. Itsy-bitsy holes. Teensy-weensy little holes. The propaganda they give you when you sign up for the operation describes the holes as "dime-sized." That took me aback. The dime, there's no denying, is a seriously undersized coin. But frankly, I wasn't thinking coins at all. I was thinking grains of sand. A dime is huge! The hospital printout of all the things you can't do afterward describes it as "major brain surgery." Is there minor brain surgery...

Author: /time Magazine | Title: Yes, It Really Is Brain Surgery | 7/16/2006 | See Source »

...small holes to put the wires through. Tiny holes. Itsy-bitsy holes. Teensy-weensy little holes. The propaganda they give you when you sign up for the operation describes the holes as "dime-sized." That took me aback. The dime, there's no denying, is a seriously undersized coin. But frankly, I wasn't thinking coins at all. I was thinking grains of sand. A dime is huge! The hospital printout of all the things you can't do afterward describes it as "major brain surgery." Is there minor brain surgery...

Author: /time Magazine | Title: Yes, It Really Is Brain Surgery | 7/16/2006 | See Source »

Americans for Common Cents (also known as Mark Weller) says polls show that two-thirds of Americans are loath to let pennies go. Rounding to the nickel, Weller insists, would be manipulated by merchants to screw the consumer. Playing to our patriotism, he cites the coin's tradition. Playing to our guilt, he says penny drives bring charities millions. And playing to our fears, Weller says the penny is a psychological hedge against inflation, a consideration the European Union factored in when it decided to make a one-cent euro coin (though several countries have since effectively banished...

Author: /time Magazine | Title: Common Cents | 7/10/2006 | See Source »

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