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anna mehler paperny From Saturday's Globe and Mail Published Friday, Mar. 30, 2012 10:29PM EDT Last updated Friday, Mar. 30, 2012 10:39PM EDT

Pity the penny: In the past 15 years its lost its copper, its usage and its cost-effectiveness the butt of jokes and bane of neat freaks well before its end became official in Thursdays federal budget.

Despite its lowly monetary status, the penny is a high-maintenance bit of metal. It is by far the most expensive Canadian coin to produce, relative to its value. At a cost of a little over 1.6 cents per penny, its the only piece of currency in the country that now costs more than its value to make.

While the news of the pennys phase-out came as a surprise even to the Royal Canadian Mint, the analysts and coin-crafters in charge of Canadas money say theyve known for years its days were numbered.

Penny evolution

The pennies immortalized in overused sayings were primarily of the copper variety. But Canadas modern one-cent piece bears little resemblance to that traditional composition.

Originally 95.5-per-cent copper in 1908, the penny went from 98-per-cent copper in 1996 to 98.4-per-cent zinc and 1.6-per-cent copper plating in 1997. Its now 94-per-cent steel, 1.5-per-cent nickel and 4.5-per-cent copper plating or copper-plated zinc. With the price of copper rising, it just doesnt make financial sense to use the metal on such small-fry currency.

Apart from drastic changes in its makeup, however, the pennys surface design on the tails side has barely changed since 1937, when G.E. Kruger-Gray made the twig-and-maple-leaf thats on todays coins (if youre really bored, take a close look at those leaves: His initials are in teensy font on the right).

A familiar face

Susanna Blunt remembers seeing the first penny she designed, in a fistful of change while grocery shopping in the fall of 2003.

Continued here:
Penny's demise signals an empire in decline, some say

anna mehler paperny From Saturday's Globe and Mail Published Friday, Mar. 30, 2012 10:29PM EDT Last updated Friday, Mar. 30, 2012 10:39PM EDT

Pity the penny: In the past 15 years its lost its copper, its usage and its cost-effectiveness the butt of jokes and bane of neat freaks well before its end became official in Thursdays federal budget.

Despite its lowly monetary status, the penny is a high-maintenance bit of metal. It is by far the most expensive Canadian coin to produce, relative to its value. At a cost of a little over 1.6 cents per penny, its the only piece of currency in the country that now costs more than its value to make.

While the news of the pennys phase-out came as a surprise even to the Royal Canadian Mint, the analysts and coin-crafters in charge of Canadas money say theyve known for years its days were numbered.

Penny evolution

The pennies immortalized in overused sayings were primarily of the copper variety. But Canadas modern one-cent piece bears little resemblance to that traditional composition.

Originally 95.5-per-cent copper in 1908, the penny went from 98-per-cent copper in 1996 to 98.4-per-cent zinc and 1.6-per-cent copper plating in 1997. Its now 94-per-cent steel, 1.5-per-cent nickel and 4.5-per-cent copper plating or copper-plated zinc. With the price of copper rising, it just doesnt make financial sense to use the metal on such small-fry currency.

Apart from drastic changes in its makeup, however, the pennys surface design on the tails side has barely changed since 1937, when G.E. Kruger-Gray made the twig-and-maple-leaf thats on todays coins (if youre really bored, take a close look at those leaves: His initials are in teensy font on the right).

A familiar face

Susanna Blunt remembers seeing the first penny she designed, in a fistful of change while grocery shopping in the fall of 2003.

Go here to read the rest:
Penny's demise signals an empire in decline

anna mehler paperny From Saturday's Globe and Mail Published Friday, Mar. 30, 2012 10:29PM EDT Last updated Friday, Mar. 30, 2012 10:39PM EDT

Pity the penny: In the past 15 years its lost its copper, its usage and its cost-effectiveness the butt of jokes and bane of neat freaks well before its end became official in Thursdays federal budget.

Despite its lowly monetary status, the penny is a high-maintenance bit of metal. It is by far the most expensive Canadian coin to produce, relative to its value. At a cost of a little over 1.6 cents per penny, its the only piece of currency in the country that now costs more than its value to make.

While the news of the pennys phase-out came as a surprise even to the Royal Canadian Mint, the analysts and coin-crafters in charge of Canadas money say theyve known for years its days were numbered.

Penny evolution

The pennies immortalized in overused sayings were primarily of the copper variety. But Canadas modern one-cent piece bears little resemblance to that traditional composition.

Originally 95.5-per-cent copper in 1908, the penny went from 98-per-cent copper in 1996 to 98.4-per-cent zinc and 1.6-per-cent copper plating in 1997. Its now 94-per-cent steel, 1.5-per-cent nickel and 4.5-per-cent copper plating or copper-plated zinc. With the price of copper rising, it just doesnt make financial sense to use the metal on such small-fry currency.

Apart from drastic changes in its makeup, however, the pennys surface design on the tails side has barely changed since 1937, when G.E. Kruger-Gray made the twig-and-maple-leaf thats on todays coins (if youre really bored, take a close look at those leaves: His initials are in teensy font on the right).

A familiar face

Susanna Blunt remembers seeing the first penny she designed, in a fistful of change while grocery shopping in the fall of 2003.

Read the original here:
A penny spurned

Lessons of the Lenten season: Emulate Jesus in the struggle for freedom (Media Statement) Saturday, March 31, 2012 03:16:15 PM

THE CHRISTIANS for National Liberation-National Democratic Front of Southern Mindanao exhorts the Filipino faithful to find true meaning in the Lenten Season by reflecting on the significance of the life and martyred death of Jesus as reminiscent in the present suffering of the Filipino people. The Communist Party of the Philippines is right in refusing to declare a Lenten truce with the US-Aquino regime -- a regime that has resurrected the fascist, merciless and oppressive Roman Empire of the olden slave times.

For the pain and suffering of the Jews from the hands of the greedy and oppressive Roman state is never been more present in the suffering of Filipinos from the caprice of oil cartel, indebtedness and tax burden of the US-Aquino regime. In Jesus time, tax collectors were the most hated sectors of the slave society. The US-Aquino regime is just as ruthless in ignoring the outrageous overpricing and increases in oil prices and basic commodities, in lifting the hated 12% Value-Added Tax, in giving in to the demands of peasants for land distribution, as in the case of the Hacienda Luisita peasants, and in acquiescing to the demands of workers for an increase in wages and relief from the rapacious imperialist globalization.

Any discerning Christian can see through the falsehood of the Aquino regime which has continued the war of suppression in the countryside, against civilians, and lowly peasants under the Oplan Bayanihan. The modern-day slavery of Filipino people is made more treacherous as the Aquino regime refuses to free the captives, the political detainees and shuns peace talks and the implementation of previous agreements borne out of the peace negotiations.

Indeed, the Lenten season should be an occasion to emulate the life of Jesus for he was the embodiment of righteousness, justice, and peace. Jesus' Messiaship was demonstrated through his deeds, his sacrifice, and his revolutionary resistance to the evils of the Roman Empire.

In his ministry, he spurned the false sacrifices peddled by the rich in the churches, condemned the temple tax and other mercenary schemes of the church to squeeze off from penniless faithful Jews. After his baptism, he went into fasting for 40 days, foreseeing his martyrdom. In his mission statement as written in Luke 4:18-19, he declared his commitment to the poor and taught the people to call for the total liberation, freedom from captivity, captivity from the fascist machinations of the Roman empire, enslavement from indebtedness, enslavement from domination of the Roman ruling class of slave masters. He proclaimed a Jubilee year, a Year of the Lord, where all slaves will be freed, where debts are to be written off, and a return of the mortgaged lands.

For his political beliefs and self-less ministry, Jesus was falsely charged with rebellion, tried in the face of the hypocritical mob of the Sanhedrin and Pharisees, abandoned by a reactionary governor, detained, tortured, and murdered. His death was meant to silence the growing discontent and squash the growing clamor for change and liberation from the clutches of Roman imperialism.

The Holy Week is more than the commemoration of the Paschal mystery of the passion, death and resurrection of Jesus, but a reliving of the struggles of Christ in opposing the greedy and oppressive schemes of those who are in power. It highlights the suffering of those who dared to raise the voice, combat the injustice and who devoted their lives in the self-less service of the people. Jesus death was a consequence of his fight in the struggle for justice and emancipation. To the faithful, to the disciples and apostles, he had said those who wish to come after me must take up the cross and follow me.

The killing of Jesus is reminiscent in the extra-judicial killing of the victims of Oplan Bayanihan like that of Fr. Fausto Pops Tentorio. Like Jesus, Fr. Tentorio, left the comforts of his home country, took up the cross, and carried the burden of the peasants and Lumads in Arakan. He was killed in the hands of a reactionary and fascist state intolerant of dissent and struggle. Exacting retribution for his martyrdom and the deaths of countless others remains a persistent echo in this Season of Lent in the hearts of the revolutionary forces and the masses.

Christians for National Liberation National Democratic Front of the Philippines-Southern Mindanao. ndfp.smr@gmail.com

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Lessons of the Lenten season: Emulate Jesus in the struggle for freedom (Media Statement) Saturday, March 31, 2012 03 ...

SPRINGFIELD, Ill. A judge on Friday froze an attempt by the expanded Wood River Refinery to hold down an expected property tax increase while the court decides whether two state agencies helped it in violation of Illinois law.

Local governments in and around Roxana claim in a lawsuit filed in Sangamon County that refinery owners, the state Pollution Control Board and the state Environmental Protection Agency shut them out of decisions that could cost schools and other taxing bodies millions of dollars.

Circuit Judge John Schmidt ruled that there are enough questions to "put a freeze" on further action until another hearing.

"I think the pleadings in the case raise a question about whether or not the rules are being followed," Schmidt told attorneys for all the parties.

Schmidt acknowledged imposing "an extraordinary remedy" but said the only way to be sure the tax adjustments were properly approved was to "put a freeze on them, to stop them from moving forward."

The judge ruled that "there are to be no more meetings" on the issue until after an April 25 hearing.

At issue is last year's completion of a $3.8 billion expansion at the oil refinery, owned by WRB Refining LP, in Roxana and Hartford. It is a joint venture of ConocoPhilips and Cenovus Energy Inc.

The business sought to blunt an expected increase in its assessed valuation on which property taxes are based by claiming that the vast majority of its operation is dedicated to pollution control.

A pollution control facility designation means significantly smaller assessment increases, which mean that school districts and other taxing bodies get smaller increases in revenue.

Plaintiffs in the lawsuit include the village of Roxana and the school districts in Roxana, Wood River and East Alton. They say they were not initially aware of the move because the Pollution Control Board and Illinois EPA did not provide proper information and public access to meetings, in violation of the Open Meetings Act and Freedom of Information Act.

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Tax break frozen as judge hears dispute on assessment of Wood River Refinery