I missed this. Apparently Congress is going to make the penny defunct. The rationale is that it is such a worthless unit that it is not worth the taxpayers’ money to mint it. I guess Congress needs that extra cash for its members’ annual pay raises and we know how much they deserve it! Regardless, there is a national movement afoot to save this historic fixture of American life. See the great Virgin Mobile ad in the NYT today on the “Save the Penny Drive”. Buried in it amongst the patriotic and nostalgic mumbo jumbo is an offer to “penny text”. Even the font has a wee bit of ye olde Williamsburg look. Finally, an ad where the text is more powerful than the picture! How retro. How perfect.
Goodbye to the penny?
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I like your blog, KM.
well Kathleen, alias K.M. the penny is alive and well in Italy. In fact, we have the 1 euro cent, 2 euro cent, 5 euro cento, 10 euro cent, 50 euro cent , 1 and 2 euro cent.
Now when you go to the panificio and get bread for € 1.88, you have to fork over alot of change. Which is heavy in your wallet, which takes up space, which disappears fast for when you want a coffee at the machine at work and it costs 35 cents I never have the change. So I go for taking it away!!. Its USELESS!!!!
On US military bases around the world, the penny is not used. When you pay cash, sums are simply rounded to the nearest nickle. Never missed pennies.