...cent coin, the penny. A small value coin almost worthless to the world of goods, but rings up a price when producing one. It costs twice as much as itself to make, and four billion of them are created a year. The US government dances around this problem and should have eliminate them back in 2006 when people were melting the copper and selling it for profit. This paper states several topics of why the penny only causes harm to US citizens and the economy. The obvious solution to fix a problem like this, simply abolish the penny as US currency, and round all cash transactions to the nearest fifth cent. Death of the Penny: The Elimination of America’s One Cent Coin and its Impact on The United States Economy “I will seriously consider eliminating the penny as long as we find another place for Lincoln to land,” the support of abolishing the penny from the most powerful man in America; President, Barack Obama. For over a hundred years people have paid for everyday goods with change, or coins. As inflation in the America rises, the value of coins diminishes. (Inflation Figures). Take the penny for example; commonly known as the copper coin has hardly any copper to it. Created with ninety-seven percent zinc and only two and a half percent copper, the penny doesn’t truly stand up to its expectations. Based on the 2011 Annual Report for US Mints, the cost to make a single penny runs around 2.41 cents. Studies have shown if the penny may be dropped...
Words: 3726 - Pages: 15
...The penny is no longer economically viable The penny is not worth the metal it is made out of. It is a coin that cost more to make than it is worth. The crux problem with the penny, in the modern economy, is that it will buy you nothing. Since nobody has the time to do a sales tax calculation in their head while waiting in line to buy their products, and even if you did the time would not be worth digging through your pockets, or purse, for exact change. No state will accept pennies in bulk and very few machines still take pennies. The only reasonable thing to do with pennies is store them in a giant glass jar and then dump them in a Coinstar, a machine that charges you 10% to spend money that you already have. The penny, at this point in time, manages to be both extremely useless and impractical, it is a Congressional gaffe that the penny is still being made. Making the penny is not cost effective, and pennies do not get used anyway. The penny is currently an out of date, economical blunder. As you probably know the penny is worth exactly a hundredth of a US dollar. This is all well and good, except the fact that it takes one and one half a cent more to make a penny. This means every time the U.S. Mint produces one penny it wastes one and a half cents. This may seem insignificant, however, according to the U.S. Mint almost 5 billion pennies were produced in 2011 alone. That is 50 million dollars in pennies, at a cost of 7.5 billion dollars, so in just 2011 taxpayers...
Words: 863 - Pages: 4
...Greed is something every human is born with. It doesn’t matter what class you come from or where you’re from, you got it.The more power you get, the worse it gets, for example let's say “dan” works hard and gets enough money to buy a factory, now he’s making money and he has a few employees. He is now making enough money to support his family very comfortably, he goes on excursions to Europe and Africa. His employees “larry” is trying to support his 5 member family on pennies a day, his youngest son (7) is working in a cigar factory and comes home later than anyone just to help support his family. Dan could afford to pay not just larry but all his employees much better than he has been. This is not right, but a common practice in the late 1800s to the early to mid 1900s....
Words: 503 - Pages: 3
...these types of professors and have suffered in the grading department due to their lack of concentration during the dull class. These boring teachers waste the money you spent to take the course, provide a loss of potential knowledge and may even cause you to drop out of school. This is why these mind-numbing teachers need to be fired or at the very least made to wear a funny hat to keep the pupils attention. Yes, it may be harsh to say that these well educated monotonous passers of intelligence should be let go of their duties but it is the truth and nothing but the truth. The average college class costs around two or three hundred big ones to attend. Imagine what you can do with that much money, like buy a new toy or maybe pay half your months rent. Now imagine paying for a bad grade and no increase of intelligence whatsoever. That would tick me off a wee bit and I would be willing to drop a pretty penny to say that it would anger you as well. This is exactly what the average monotone professor is able to accomplish by not even being interesting enough to teach. Many would consider a class where you don’t learn and all you do is maybe catch up on some sleep a BIG WASTE OF MONEY. Sorry for the outburst but it gets to me knowing that a teacher should be the source of such squander. Not to say that these kind people are trying to waste your time they just bore you out of...
Words: 700 - Pages: 3
...Waitress's Instructions on Tipping The poem "A Waitress's Instructions on tipping or Get the Cash up and Don't Waste My Time" by Jan Beatty shows more depth and insight on the realities and in fractures of tipping. This poem is an example of a free verse. It has no rhyming or formal structure where it shows her experience as an irritated, mad and greedy waitress. She remarks on several points like the importance of the tipping, because it is the wage for waitresses. Moreover, any and every special request needs to be tipped extra. There is never an over tip for a waitress. Lastly, customers do not own the waitress. Beatty uses exaggerations in her poem to make sure we all perceive her message (Importance). In this poem, Beatty shows how some waitresses live from tips. On line eleven she says, "Remember, I am somebody's mother or daughter."(706) This is one of the strongest images in the poem. In some way she is calling out to her customers who probably have or are someone's mother or daughter. She is trying to make them see that she is a human and loved just like they are. The content of the poem help us understand of waitresses. "Throughout the poem, while we are being lectured on proper tipping, we come to understand that the waitress is in a position where she depends on our gratuities."(Importance). For a waitress, every special request is a waste of time if the customer does not appreciate the waitress's job and gives a good tip. The waitress would rather...
Words: 822 - Pages: 4
...In the United States today, there are approximately 640,000 homeless people. When it comes to the topic of homelessness, there are so many differing opinions. Some people believe the homeless are a burden and that they should all be killed, while others believe that it is our God given duty to help these people and do all we can for them. Then there are some who could care less. Personally, I believe in service, so we should obviously help them all, but only to a certain extent. This is my belief because we shouldn’t have to waste all of our own hard earned money on them, but we should still help. The three ways we could all do in order to really help decrease the number of homeless people living in the streets would be to change society’s attitude about them, give to them, and push for change. If we all do these three things, we can really make a change. To begin, changing one’s attitude regarding homeless people is a huge step. An attitude is important in any setting. School, work, home, one’s attitude means everything. When someone has a bad attitude, he or she generally treat everyone else worse and thus, don’t work as hard. With a good positive attitude, people are usually much more generous, caring, and determined. When it comes to changing ones attitude, start with one’s self, then begin to help society change their attitude about homeless people. In the world today, people have catagorized homeless people as lazy, violent, crazy, addicted criminals who choose homelessness...
Words: 944 - Pages: 4
...A cat may look at a king A chain is only as strong as its weakest link A change is as good as a rest A dog is a man's best friend A drowning man will clutch at a straw A fish always rots from the head down A fool and his money are soon parted A friend in need is a friend indeed A golden key can open any door A good beginning makes a good ending A good man is hard to find A house divided against itself cannot stand A house is not a home A journey of a thousand miles begins with a single step A leopard cannot change its spots A little knowledge is a dangerous thing A little learning is a dangerous thing A little of what you fancy does you good A man who is his own lawyer has a fool for his client A miss is as good as a mile A new broom sweeps clean A nod's as good as a wink to a blind horse A penny saved is a penny earned A person is known by the company he keeps A picture paints a thousand words A place for everything and everything in its place A poor workman always blames his tools A problem shared is a problem halved A prophet is not recognized in his own land A rising tide lifts all boats A rolling stone gathers no moss A soft answer turneth away wrath A stitch in time saves nine A swarm in May is worth a load of hay; a swarm in June is worth a silver spoon; but a swarm in July is not worth a fly A thing of beauty is a joy forever A trouble shared is a trouble halved A volunteer is worth twenty pressed men A watched pot never boils A woman's place is in the...
Words: 3612 - Pages: 15
................................................. 3 HISTORY .............................................................................................................................................................. 4 SWOT ANALYSIS ................................................................................................................................................ 4 PESTLE ANALYSIS ............................................................................................................................................... 5 OUTLINE SOME PROBLEM FACING RETAILERS IN UK ......................................................... 6 1. WASTE ........................................................................................................................................................ 6 2. GREENHOUSE GAS EMISSIONS (UK) ...................................................................................................... 7 PLAN A...
Words: 2467 - Pages: 10
...Eyeshadow in palette Smoky The process of buying makeup, especially eyeshadows, can be extremely difficult for those who cannot afford high-end products. It is rare to find a low-end eyeshadow palette that can be applied without looking like an eight year olds play makeup. However, the makeup brand, E.l.f Cosmetics, does a magnificent job in providing an eyeshadow palette that exemplifies all of the qualities a perfect makeup product needs, and does so at an alarmingly low price. Retailing at a whopping two dollars, this eyeshadow palette provides a perfectly textured pigment with each shade, and has the ability to create a wide variety of looks with only four colors. E.l.f Cosmetics is known for its incredible quality for the price of a penny, literally. It is clear in their work that they strive to exceed the expectations of “drug store makeup”, and provide users with affordable, wearable eyeshadow. On top of that, they provide makeup that is easy to work with. Many eyeshadows have issues with excessive fallout, which occurs when the shadows themselves are too powdery. However, this palette applies with ease, and has a silky, smooth texture. Along with the quality of the products, E.l.f. Cosmetics does an excellent job choosing shades to flatter any eye color. Women wear eyeshadow because it has the ability to make its wearers eyes stand out, and this palette does an outstanding job in doing so. Consisting of a shimmery pearl, a gunmetal metallic, a matte charcoal and a lustrous...
Words: 1011 - Pages: 5
...Need help? ☎ 0115 966 7955 ------------------------------------------------- Top of Form Bottom of Form * * Services * Instant Price * Order Now * Essays * Dissertations * Quality * Contact * Account You are here: UK Essays » Essays » Business » Memo Providing Recommendations For Shuzworld Business Essay Print Email Download Reference This Send to Kindle Reddit This Memo Providing Recommendations For Shuzworld Business Essay In order to find out the most cost-effectively decision, Shuzworld is considering the possibility of opening a new store on route 20, just outside of Auburn, referred to as the stand-alone option. The second option is opening a store in the Auburn Mall, and the third is not opening a store at all. To do nothing now, and wait for a better time to move in to the market. Shuzworld is also considering purchasing market research. I recommend that Shuzworld should use the decision tree graphical method, because of the nature of the issue (a graphic manner was asked to be used). A very important reason to why I am recommending this tool, is because the decision tree method is most commonly used for this kind of cases, as the Shuzworld presented case. The profitability problem is one of the most important problems of future profitability when opening a new store process and is the important content of the course of operation management. By recommending the use of this crucial tool, we need to understand, that this...
Words: 6791 - Pages: 28
...financial markets around the world, it's no longer safe to assume a million dollars will provide you and your family with true security. In fact, a Fidelity Investments' study of millionaires last year found that 42 percent of them don't feel wealthy and they would need $7.5 million of investable assets to start feeling rich. This isn't a how-to on the accumulation of wealth from a lifetime of saving and pinching pennies. This is about generating multimillion-dollar wealth and enjoying it during the creation process. To get started, consider these seven secrets of multimillionaires. No. 1: Decide to be a multimillionaire You first have to decide you want to be a self-made millionaire. I went from nothing — no money, just ideas and a lot of hard work — to create a net worth that probably cannot be destroyed in my lifetime. The first step was making a decision and setting a target. Every day for years, I wrote down this statement: "I am worth over $100,000,000!" Related: 7 Rules for Coping with Sales Rejection No. 2: Get rid of poverty thinking There's no shortage of money on planet Earth, only a shortage of people who think correctly about it. To become a millionaire from scratch, you must end the poverty thinking. I know because I had to. I was raised by a single mother who did everything possible to put three boys through school and make ends meet. Many of the lessons she taught me encouraged a sense of scarcity and fear: "Eat all your food; there are people...
Words: 852 - Pages: 4
...Business process changes………………………………………………………………7 Technology or business practices used to augment the solution………..7 Conclusions…………………………………………………………………………………….8 High level implementation plan……………………………………………………….9 Specific bulleted list of recommendation………………………………………….9 References……………………………………………………………………………………..10 Abstract With technology becoming a priority for running a successful business today there are ways that technology can be a solution to a company or organizations problem. Technology can provide a great way to stop unnecessary losses for a company. Continuous waste can be pin pointed and rectified with the right technology. For instance America wasted 33.79 million tons of food in 2010. Which was enough to fill the Empire state Building 91 times. Ten years ago that waste number was 16 percent lower (Thomas, 2013) Restaurants can contribute to a majority of the waste due to misinformation or training errors. Brief Company background Chick-fil-a is an American fast food restaurant chain that was founded in Hapeville, Georgia in 1946. The food chain has become a cultural icon in the southern United States. Chick-fil-a is strongly...
Words: 1730 - Pages: 7
...recently furniture, gifts and household items. It operates through more than 900 stores in around 43 territories. Its clothing and home ware products account for almost 49% of their revenue. It is built around the five key principles of Service, Value, Trust, Innovation and Quality. Its shares are listed on the London Stock Exchange as well as the FTSE 100 Index. History Marks & Spencer was formed as a partnership between Michael Marks and Thomas Spencer on 28th September 1884. It started with selling common groceries like needles, socks, biscuits, thread and buttons through its "Penny Bazaars" with the caption "Admission Free" persuading consumers to glance through without making any commitment to purchase, and although it is common now, it was unheard of in those times and was looked upon as a successful marketing tactic. It helped boost their initial sales and by 1900, it had opened 35 more Penny Bazaars. Then, in the...
Words: 3120 - Pages: 13
...in this course we were requested to participate in a stock exchange simulation, in which we are to exchange stocks virtually based on real statistics. In this game we were to experiment with buying and selling stocks and try out different strategies, and determine which strategy generated the most profits. The main goal was to start out with $10,000 of virtual money and buy and sell stocks in order to make more profit and increase the final amount. The first strategy that I decided to use was to buy in a rising industry, and that was the technological industry, so I bought 4 stocks of that industry in this week. I bought shares from Netflix, Netflix is a company that sells membership, which allows the member unlimited movies from a limited selection. And since they out won Blockbuster (movie rentals) and declared to licensing Disney movies, I assumed that the stock would increase. I also bought News Corporation stocks, and the reason being is that News Corporation owns fox and fox was realising a couple of new shows including the hit “American Idol”, this means their commercials will increase thus producing more money. The third stock that was bought for the week was R.I.M (Research in Motion). And the reason for buying their stocks was the release of their new product line of Blackberry’s such as the Bold 9980 .The last company that I purchased stocks from was Amazon. The reason for that is the enhancement and sale on the Kindle, meaning they have a good chance to increase...
Words: 1934 - Pages: 8
...Summary Chapter 1 John speaks about how his father would speak and tell a story about this old man who comes to salvation later in life and says a phrase that John will always remember “I’ve wasted it !” (12, Piper) He contemplates the questions of “what would it mean to waste my life?” and “what is the opposite of not wasting my life?” (13, Piper)He speaks about how C. S. Lewis helped give him a “realness of things” (19, Piper) The Last section of the chapter talks about how God guided him to the career path of seminary through mononucleosis. He wanted to go to be a medical doctor but then came down with mono and missed too many days of class. While on bed rest he heard a sermon from a man named John Ockenga. Piper said after hearing the sermon, “I lay there feeling as if I had awakened from a dream, and knew, now that I was awake, what I was to do.” (21, Piper) Chapter 2 John was not sure what it meant “to be a minister of the Word, he was not sure of where to go next.” (23, Piper) He did not know what is meant to be a pastor and his wife did not know what to expect if she was a pastor’s wife. So he decided it meant seminary, and he would try to understand and handle...
Words: 1023 - Pages: 5