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No More Pennies?

Happy Birthday, President Lincoln.  To celebrate, stores have decided to stop accepting the penny.

That’s right, in West Concord, Massachusetts, a number of stores are refusing to accept pennies as of today, calling pennies “wasteful and time consuming.”  Instead, they will round all purchases down to the nearest nickel.

I suppose no one can really complain – after [...]

February 12th, 2009 | Category: government, simplifying, spending | 5 comments

The Dollar vs. the Euro

Earlier this week, I read this article about the current state of the American economy. I found the discussion of the dollar versus the Euro to be fascinating.

First off, I don’t think that I knew that the dollar was considered “the leading international currency.” Given the recent American domination in many areas, I [...]

July 8th, 2008 | Category: economy, government, spending spree, travel, vacation | One comment

Facing the Storm

So as I’m sure everyone has heard or read, the Federal Reserve Board again cut rates in an attempt to stop the current economic downslide. From what I’ve read, it sounds like a number of analysts believe that we are officially in a recession.

I haven’t decided if this means I will be [...]

March 18th, 2008 | Category: budget, government, interest rates | 4 comments

Learning about the Federal Reserve

I just returned to the office after a three day training course here in Washington, D.C. As part of the training course, I had the opportunity to meet Kevin Warsh, a member of the Board of Governors of the Federal Reserve System. We had two journalists as part of the training who agreed [...]

February 28th, 2008 | Category: government | 2 comments