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...Coin dealers in Louisiana have gotten their senator, John Breaux, to propose an amendment they're itching to get passed: allowing investments in rare coins that are traded by brokers to be put in individual retirement accounts. The coin market has gone into orbit the last 20 years with some rare currencies commanding million-dollar price tags. Numismatists have a powerful lobby on Capitol Hill, and coin dealers have been fighting hard to repeal a 1981 law barring rare coins from being included in IRAs. No, you couldn't turn that penny jar you've got stored in the closet...

Author: /time Magazine | Title: More Tax Tricks to Come | 6/2/2001 | See Source »

...arguments for and against a comicbook adaptation of this famously interior novel feel like two sides of the same coin. Heuet has translated all the rote action and, more important, all the visual aspects of the book into pictures. In some cases this comes in handy, as when Giotto's "Virtues and Vices" are invoked, or a bunch of asparagi are referred to with extreme detail. This version of "Remembrance," has been distilled down to its essence, concentrating its themes and aesthetic ambitions. And yet, one of those themes, the ability of art, and particularly literature, to evoke all things...

Author: /time Magazine | Title: Abomination or Magnum Opus? | 5/11/2001 | See Source »

...deposit your coins and make your choice: dried squid or hair tonic, batteries or green tea, boxers or beer. It's all enticingly on display under the fluorescent lights of a truck-sized vending machine parked in the lobby of Tokyo's Shibuya Excel Hotel. The New Economy comes in a variety of offerings, and this is the ultimate in high-tech self-serve. Manufactured by Sanyo Electric, this fully automated mini-convenience store is part of a new generation of vending machines popping up in a country that's long been obsessed with coin-slot culture. Sanyo's Auto...

Author: /time Magazine | Title: Vending the Rules | 5/7/2001 | See Source »

...Vending machines in Japan already sell just about anything one can't imagine in a machine?eggs, porn, rotgut?and you see their familiar glow on remote mountaintops and temple grounds. Now, like the automobile and the breadmaker, the coin-op vendor is getting way smarter. The new crop is rigged up with video came-ras, touch-panel computer screens and optical sensors. And these are more than just bells and whistles. In many new models, wireless chips improve efficiency by alerting vendors when a machine is running out of Pocari Sweat or chips. This generation will also be able...

Author: /time Magazine | Title: Vending the Rules | 5/7/2001 | See Source »

...million vending machines operating in Japan?that's one for every 20 people?and last year they raked in a total of $56 billion in sales, according to the Japan Vending Machine Manufacturers Association (JVMA). A few dozen companies compete to make what are the most advanced (and priciest) coin-op machines on the planet. A typical Japanese drink machine costs about $5,000, compared with just $3,000 for an American version, according to JVMA secretary-general Takashi Kurosaki. To meet Japanese expectations, he explains, "these machines have to be very versatile, with lots of functions...

Author: /time Magazine | Title: Vending the Rules | 5/7/2001 | See Source »

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