Word: minting
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Dates: during 2000-2009
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Flavored popcorn makes a comeback this year, but the tastes go way beyond the butter- or cheese-dusted snack of the past. Kernels are sprinkled with flavors ranging from lime (surprisingly nice) to mint (not so good). Dale & Thomas offers winners both savory (Southwest cheddar chipotle) and sweet (strawberry, right...
...about, the zinc inside a penny now costs .83 of a cent. (The U.S. got rid of almost all the expensive copper in 1982.) Add distribution and production costs, and you're up to 1.3 cents to make a penny, which freaks people out. That's because the U.S. Mint claims to make a profit, called seigniorage, on the difference between the cost of producing currency and its value. That, however, is stupid. Printing money isn't a means of profit; it's a means to inflation. If the U.S. Mint were that psyched about its penny profits, it would...
...penny opponent is Republican Arizona Congressman Jim Kolbe, who keeps pushing his Legal Tender Modernization Act. He's very concerned about the coming penny Armageddon. "At some point you'll find a burgeoning business of people melting them down to metal," says Kolbe, "and selling them back to the Mint for more pennies." Kolbe, who advocates rounding to the nearest nickel, argues that parking meters, Laundromats, transit systems and vending machines don't accept pennies. Merchants hate them and won't let you pay for things with a stack of them. They pile up or get thrown away to such...
...Americans for Common Cents, the pro-penny lobbying group funded by the zinc industry and penny distributors, isn't too concerned. In fact, it has pushed through some serious pro-penny legislation. In 2009, the bicentennial of Abraham Lincoln's birth, the U.S. Mint will issue pennies with four different backs, all chock-full of zinc...
...Average number of coins he spirited from the mint in each boot every...