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Thursday, June 01, 2006

Elimination of the Penny


Life, Money,

This is a follow up to my blog on The cost of making money about an article stating that the cost of making a penny has now risen to around 1.23 cents because of the rising cost of zinc. As a result of this, Representative Jim Kolbe, R-Arizona, says he plans to reintroduce legislation to eliminate the penny in the coming weeks (see article). The Legal Tender Modernization Act did not pass back in 2001, he plans to present this legislation again that would require the rounding of all cash transactions to the nearest 5 cents.

Mark Weller, Executive Director of the pro-penny organization, Americans for Common Cents, says that "American's want the penny" and "they also hate rounding". Wow, Americans hate rounding. That's tough.

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Each of you has your personal story; it is your history. Keeping a diary or writing your feelings in a special notebook is a wonderful way to learn how to think and write about who you are -- to develop your own identity and voice.

People of all ages are able to do this. Your own history is special because of your circumstances: your cultural, racial, religious or ethnic background. Your story is also part of human history, a part of the story of the dignity and worth of all human beings. By putting opinions and thoughts into words, you, too, can give voice to your inner self and strivings.

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"I haven't worked on Cady's Life for ages. In my mind I've worked out exactly what happens next, but the story doesn't seem to be coming along very well. I might never finish it, and it'll wind up in the wastepaper basket or the stove. That's a horrible thought, but then I say to myself, "At the age of 14 and with so little experience, you can't write about philosophy.' So onward and upward, with renewed spirits. It'll all work out, because I'm determined to write! Yours, Anne M. Frank

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