The U.S. Mint in Philadelphia is set to strike its last circulating penny on Wednesday, ending production due to the rising costs of manufacturing the 1-cent coin. President Donald Trump ordered the penny’s discontinuation as the cost to produce them exceeded their value. While the penny had a historical significance and some retailers voiced concerns about the abrupt phase-out, the Treasury Department anticipates saving $56 million annually by halting production. Despite this change, the nickel, dime, and quarter are still in production, though their cost of production also outweighs their value.
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US retailers left short-changed as penny production ends, a situation that’s already sparking a lot of thought. It’s a bit of a head-scratcher, isn’t it? The penny, that tiny copper disc, has been a staple of American commerce for so long. Now, it seems, its days are numbered, or at least its minting is. We’re talking about a de facto phase-out, a decision that’s causing ripples through the retail landscape and beyond.
Honestly, a lot of people don’t seem to care that much about the penny. You hear it all the time: “Keep the change.” “It’s just a penny.” Some of us have probably even stopped bending down to pick one up off the sidewalk.… Continue reading
President Trump announced on Truth Social his directive to halt the production of new pennies, citing the minting cost exceeding the coin’s value. This decision aligns with the administration’s broader cost-cutting agenda, aiming to eliminate wasteful government spending. The President claims the cost of producing each penny is over two cents. The order was issued to the Treasury Secretary, effectively ending the minting of new one-cent coins.
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Daniel Penny, a former Marine, was acquitted of criminally negligent homicide in the death of Jordan Neely, a mentally ill homeless man, after a jury deadlocked on the manslaughter charge. The verdict followed a trial where the prosecution argued Penny’s chokehold, lasting nearly six minutes, was reckless and unjustified, while the defense claimed Penny acted to protect fellow passengers and that Neely’s death resulted from a combination of factors. The case sparked intense debate, dividing public opinion along political and racial lines, and highlighted concerns about subway safety, homelessness, and mental health issues. The acquittal prompted protests and expressions of outrage from Neely’s family and supporters.
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The jury’s inability to reach a unanimous verdict on the manslaughter charge against Daniel Penny highlights the complexities and ambiguities surrounding this case. The lack of a unanimous decision suggests a deeply divided jury, grappling with conflicting interpretations of the events that transpired on the subway. This reflects the broad range of public opinions on the matter.
The initial charges, seemingly encompassing both a more serious and a less serious offense, intended perhaps to offer the jury a range of options. However, the jury instruction requiring unanimity on the higher charge before considering the lower charge may have inadvertently limited their options, potentially leading to the deadlock.… Continue reading