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May 19, 1988
California's stingy bottle bill doesn't seem to be working very well. The penny refund is apparently not enough of a reward to encourage the enthusiastic return of beer and soft-drink containers. The lack of business is forcing recycling centers to close; that could make redeeming empty bottles and cans less convenient. A higher refund is in order.
September 27, 2008
Re "Thought for your penny," editorial, Sept. 23 I agree with The Times' editorial, but it didn't go far enough. The nickel should be eliminated also. After all, in the past we got by without any coin smaller than the half-cent. Inflation has reduced the value of the U.S. dollar by about a factor of 20 since the 19th century, so we should be able to get by now with no coin less than the dime. That way, one digit could be eliminated from all prices, and we wouldn't have to carry bulky nickels of very little value.
January 19, 1996
Although children are taught that the lyrics of "Pop Goes the Weasel," refer to an animal being chased around by a mischievous monkey, the original English song referred to pawnbrokers, according to the book "God Bless Pawnbrokers," by Peter Schwed. When the song was written in 1853, "pop" meant to hock or pawn. "Weasel" was slang for the heavy iron used for pressing garments, a valuable item at the time.
August 2, 2001
Congressional moves to eliminate the one-cent coin go back to the 1960s ("Days of Penny Pinching May Be Numbered," July 29). When copper prices rose to $1.50 a pound, the lowly cent was worth more for its copper content than one cent. Also, when silver was eliminated from our dime, quarter and half dollar in 1965, the idea of dropping the cent once again was considered. In 1982 the cent was reduced in content and weight--it has been 99% zinc with a copper plating and only 2.5 grams versus 3.1 grams.
April 11, 1989 | From Reuters
The Securities and Exchange Commission said Monday that it had charged the nation's biggest penny stock broker, Stuart-James Co., and its two owners with defrauding clients by creating artificial markets and markups of up to 200% on the first day of trading in two new stock issues. The SEC staff also charged the Denver-based company and its owners with causing salesmen to use misleading scripts to pitch stocks by phone. The scripts included illegal, bullish predictions for speculative low-priced securities, the commission charged.
August 16, 2009 | Times Wire Reports
Abraham Lincoln got a present last week to mark his 200th birthday -- or, technically, 319 million presents. The U.S. Mint released a redesigned penny to mark the bicentennial of Lincoln's birth. The Mint plans to start out by producing 319 million of the new coins. The front of the redesigned penny is the familiar image of Lincoln in profile. The back shows him delivering a speech outside Illinois' Old State Capitol. This is the third of four new pennies released this year honoring Lincoln, who was born Feb. 12, 1809.
March 3, 1987 | JONATHAN PETERSON, Times Staff Writer
Pennies are born by the billions each year in Denver and Philadelphia. Then they are gathered up and loaded on trucks, 5,000 coins to a bag, for the journey from the U.S. Mint to the bank. So much for the easy part. America's hands are waiting. Pennies are tossed down wells, turned into earrings, hidden under upholstery, thrown away, swallowed by seals, pitched against buildings, collected in mayonnaise jars, converted to washers, left in the shadows of dresser drawers.
December 23, 1990
I read Bruce Horovitz's column "Attack of the Belt Tighteners: Horror Stories About Agency Cost Cutting" (Nov. 27), and I was thoroughly disgusted with it. I run a small advertising agency that bills about $2 million. At the same time, I'm advertising manager for five automobile dealer associations and collectively manage about $20 million. What you call "penny-pinching antics" of clients is considered good business by any professional advertising manager. Advertising agency people seem to have an exaggerated sense of their importance and often waste their clients' money, especially when it comes to production costs, photography and collateral materials.
May 7, 1991
Billions for offense but not a penny more for education. BUNTY JUSTIN Balboa Island
December 1, 1990
Rams 28, 49ers 17. Were players sending penny-pinching Georgia Frontiere a message for 1991? JAMES J. BENNETT Oxnard
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