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...actually hurt anyone. In fact, the only people who should really care about its fate are people who pay taxes. On Apr. 22, The New York Times reported the updated cost of producing a single penny—1.4 cents. This is lost wealth in more ways than the obvious. Washington estimates that two-thirds of all pennies are no longer in circulation, representing millions of dollars down the drain. Still, the government, in another triumph, is choosing to make $90 million in pennies this year instead of an additional $90 million in bills or other coins. Furthermore...

Author: By Nathaniel S. Rakich, | Title: The Penny Pinch | 10/18/2006 | See Source »

...Institute of Politics (IOP) celebrated its 40th anniversary with uplifting speeches, panels, and dinners. I can’t help but find it perfectly fitting that the two events transpired simultaneously; the juxtaposition of the celebration and the scandal made brutally clear what has become an increasingly obvious disconnect between the institute’s tone and imagery and the reality of contemporary politics.The IOP was founded as a “living memorial” to President John F. Kennedy ’40. The likeness and the aura of JFK pervade the building: His visage graces everything from...

Author: By Joshua Patashnik, | Title: Camelot Lost | 10/17/2006 | See Source »

...imploring subtitle “Are you Playing to Play or Playing to Win?” And there’s a truncated edition of Carl von Clausewitz’s “On War,” the book jacket of which asks itself the obvious question before promptly providing an answer: “What can a nineteenth-century Prussian general teach a twenty-first century executive or entrepreneur about business strategy? Everything!” And who could forget the classic “The Change Monster,” whose premise goes...

Author: By Travis R. Kavulla | Title: Wanted: Self-Aggrandizement | 10/17/2006 | See Source »

...while Tokyo seems sincere about not going nuclear now--the antinuclear sentiment in that country, for obvious reasons, runs strong and deep--there are limits to how secure Japan may come to feel under the U.S. nuclear umbrella. If North Korea proves capable of putting a nuclear warhead on a missile that can reach the U.S.--it already has short-range missiles capable of reaching Tokyo--the strategic game changes. If North Korea could nuke Japan, or blackmail it, while credibly threatening to strike the U.S. with a nuclear warhead, would Japanese officials truly believe the U.S. would retaliate against...

Author: /time Magazine | Title: When Outlaws Get The Bomb | 10/15/2006 | See Source »

...local reporter asks the question directly: "Are you running for President in 2008?" Obama surprises me by saying he's just thinking about the 2006 election right now, which, in the semiotic dance of presidential politics, is definitely not a no. A few days later, I ask Obama the obvious follow-up question: Will he think about running for President in 2008 when the congressional election is over? "When the election is over and my book tour is done, I will think about how I can be most useful to the country and how I can reconcile that with being...

Author: /time Magazine | Title: The Fresh Face | 10/15/2006 | See Source »

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