Worthless pocket clutter that it is—often thrown in the trash!—America should likely do away with the one cent coin. Ah, but that would mean less profits for the zinc trade.
Beside national inertia, the main reason the penny is still with us is that business interests want it that way. President Obama, when he was campaigning in 2008, said he would like to rid the nation of this unnecessary burden. “I need to find out who is lobbying to keep the penny,” he said. The Center for Responsive Politics, which tracks lobbyists, has the answer: it’s Big Zinc sidekicked by the vending industry. Together, they form a powerful penny lobby.
The interesting part is how many cute stories, about smalltown America's fight to save the penny, that the lobbyists get in print.
In few such accounts is it noted that the ACC is run by the main lobbyist representing the zinc industry, which supplies most of the metal used in pennies. The “report” was merely a short statement from the group citing various opinion polls, most of them completed from 12 to 20 years ago. The most recent was conducted in 2006 — by Coinstar CSTR 0.00% , a business that is built largely on the fact that Americans must periodically haul huge, penny-filled cider bottles to vending machines if they want to turn the coins into usable currency. (Coinstar also owns Redbox, the movie-rental outfit). The link provided by the ACC to Coinstar’s survey is broken, and there is no information on the company’s site about the survey, which, according to the ACC, found that two-thirds of Americans want to keep the penny. That’s the number several media outlets cited in their accounts of the “new report.”
If you want to turn a journalist's bullshit detector off, send him ready-to-post free content about what he thinks is a trivial issue.
A group of Quaker investors called Friends Fiduciary have introduced a shareholder motion that was backed by the owners of more than a million Comcast shares, calling on the company to voluntarily disclose its state-level lobbying activities; the company strenuously objects to making such disclosures, calling the measure an "unnecessary burden."
A prepaid debit card company’s lobbying efforts in Washington are paying off. Congressional Republicans are seeking to repeal limits to the amount banks can charge customers in overdraft fees. The company is Total System Services, and it stands to make tens of millions of dollars when the GOP starts letting it charge exorbitant overdraft fees. […]
New York is one of four states considering legislation that would guarantee your right to get your stuff fixed by independent repair centers, curbing manufacturers’ attempts to limit access to technical documentation and parts, meaning you pay less to keep your stuff working, and that means that your gadgets don’t become immortal, toxic e-waste.
If you suffer from sleep disorders, there are a number of methods out there to mitigate them: Ambient noisemakers, relaxation tapes, sleep masks, you name it. One thing that doesn’t get tried is headphones, for good reason. Even the smallest earbuds are liable to wake you up if you roll over the wrong way. Now […]
Looking to upgrade that old laptop or tablet? Holiday sales may be way on the horizon, but there’s an even better way to get like-new tech for a steal. Here are 10 of our favorite deals on personal computers and gaming gear – refurbished, renewed or brand new. Acer Touchscreen 11′ Chromebook 16GB (Certified Refurbished) […]
Vape technology has been around long enough that vapers are starting to get picky about their gear. Luckily, so are we. From disposable models to cutting-edge touchscreen atomizers, there’s a vaporizer in this roundup to suit every taste. Hera 2 – World’s Most Advanced Dual-Use Vaporizer Choose between dry herb or oil extraction modes – […]