30 Mar '12, 11am

Canada Kills The Penny

Canada Kills The Penny

Finally, after years of talking, the Canadian government killed the penny in its recent budget. Finance Minister Flaherty was clearly thinking of decluttering and interior design, noting “Pennies take up too much space on our dressers at home." There is also a real green side to this; the weight of all those pennies adds up, as does the cost and footprint of shipping them. According to Bloomberg , The savings to financial institutions alone may be about $20 million a year, as banks reduce transportation, storage and handling costs, the study estimated.... It costs the government 1.6 cents to produce one penny, which has been made of copper-plated zinc and copper-plated steel since 1997. The mint used 3.3 million pounds of steel, more than 154,000 pounds of copper and 50,700 pounds of nickel last year to make pennies at its facility in Winnipeg, Manitoba. It put 1.3 billion...

Full article: http://www.treehugger.com/economics/canada-kills-penny.html

Tweets

Polar bear breaks into Canada home while family...

straitstimes.com 30 Mar '12, 5am

GOOSE COVE, Newfoundland (AP) - Mr Louis Reardon got the shock of his life early on Thursday when he leapt out of bed to h...

US Predator strike kills 4 'militants' in North...

longwarjournal.org 30 Mar '12, 5am

Unmanned US Predator or Reaper strike aircraft killed four "militants" in Pakistan's Taliban-controlled tribal agency of N...

(GAMBAR)Jenna Talackova, Seorang Peserta Lelaki Dalam Miss Universe Canada via @beautifulnara

(GAMBAR)Jenna Talackova, Seorang Peserta Lelaki...

amazingnara.com 30 Mar '12, 2pm

Miss Universe Canada tahun ini dipalit kontroversi apabila buat pertama kalinya dalam sejarah, Jenna Talackova, seorang le...

Nike Air Foamposite One ‘Penny Photo’ Customs via @sneakernews

Nike Air Foamposite One ‘Penny Photo’ Customs v...

sneakernews.com 29 Mar '12, 6pm

Yo dawg, I heard you like Penny so I put Penny on your Pennys so you can see Penny when you wear your Pennys. Since the re...

Shocking Facts About Canada's Annual Seal Slaug...

care2.com 30 Mar '12, 3am

Copy of actual letter my 10 year old wrote in her petition: Dear Prime Minister Harper, I'm a 10 year old 5th grader and I...

TRANSCRIPT: #SecDef media availability en route...

defense.gov 27 Mar '12, 4pm

Media Availability with Secretary Panetta en route to Ottawa, Canada SECRETARY OF DEFENSE LEON PANETTA: This is going to b...

Model says she was disqualified from Canada's Miss Universe pageant because she used to be a man

Model says she was disqualified from Canada's M...

straitstimes.com 27 Mar '12, 8am

South Korea's Mini (left) and Canada's Jenna Talackova (centre) pose for pictures backstage ahead of the Miss Internationa...

Some good looks rolling in of the new Penny model, peep this Dolphins pair

Some good looks rolling in of the new Penny mod...

sneakernews.com 09 Apr '12, 6pm

Penny Hardaway’s impression in today’s sneaker game is about to get a bit deeper with this Holiday’s debut of the Nike Air...

Owner of Japanese boat found off Canada 1 year after tsunami disaster says he wants it scrapped

Owner of Japanese boat found off Canada 1 year ...

straitstimes.com 27 Mar '12, 9am

An empty Japanese fishing boat was sighted on March 20, 2012 drifting 150 nautical miles off the southern coast of Haida G...

Penny Hardaway's 1-of-1 "Shooting Stars" Foamposite One #sneakers

Penny Hardaway's 1-of-1 "Shooting Stars" Foampo...

solecollector.com 24 Mar '12, 1pm

“Having the black as a border really accentuates the blue and helps to frame it all up,” Dolce details. “The way the Swoos...

@SineQuaN0nUSA here's one more recent

forum.purseblog.com 02 Apr '12, 7pm

Re: Female School Shooter kills self, two others There are so many shootings being reported on the news that I find myself...

Afghan soldier kills two ISAF troops on base in...

longwarjournal.org 26 Mar '12, 1pm

An Afghan soldier killed two ISAF soldiers on a military base in southern Afghanistan today. The Afghan soldier was killed...

Where snow wasn't this winter across the U.S. &...

earthobservatory.nasa.gov 30 Mar '12, 12pm

View Image Comparison View Both Images One year after being pelted with widespread and abundant snowfall, much of North Am...