{"id":1478,"date":"2008-03-24T07:59:32","date_gmt":"2008-03-24T12:59:32","guid":{"rendered":"http:\/\/selectmetrix.com\/blogs\/2008\/03\/negative-penny-flow\/"},"modified":"2008-03-21T07:26:36","modified_gmt":"2008-03-21T12:26:36","slug":"negative-penny-flow","status":"publish","type":"post","link":"http:\/\/selectmetrix.com\/blogs\/2008\/03\/negative-penny-flow\/","title":{"rendered":"Negative Penny Flow"},"content":{"rendered":"<p>Here&#8217;s a fun way to start your Monday &#8211; <a target=\"_blank\" href=\"http:\/\/abcnews.go.com\/Business\/story?id=4460935\">this sounds like the premise to a Steven Wright joke:<\/a><\/p>\n<blockquote><p>&#8220;It costs almost 1.7 cents to make a penny,&#8221; said U.S. Mint director Ed Moy.<\/p>\n<p>Each year, the U.S. Mint makes 8 billion pennies, at a cost of $130 million. <strong>American taxpayers lose nearly $50 million in the process.<\/strong><\/p>\n<p>The penny&#8217;s not alone. It costs nearly 10 cents to make a nickel.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s a fun way to start your Monday &#8211; this sounds like the premise to a Steven Wright joke: &#8220;It costs almost 1.7 cents to make a penny,&#8221; said U.S. Mint director Ed Moy. Each year, the U.S. Mint makes 8 billion pennies, at a cost of $130 million. American taxpayers lose nearly $50 million in the process. The penny&#8217;s not alone. It costs nearly 10 cents to make a nickel.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[453,454],"class_list":["post-1478","post","type-post","status-publish","format-standard","hentry","category-anecdotes","tag-penny","tag-penny-cost"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-nQ","jetpack-related-posts":[{"id":1296,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/11\/starbucks-statistics\/","url_meta":{"origin":1478,"position":0},"title":"Starbucks Statistics","author":"Derrick Moe","date":"November 17, 2007","format":false,"excerpt":"As a complete coffee addict, I found these statistics about Starbucks remarkable: Starbucks's closest competitor in the coffeehouse market, Caribou Coffee, is just one-twenty-fifth its size. Every 10 weeks, Starbucks opens as many stores as the total number of Caribou outlets. Starbucks has had 14 straight years with at least\u2026","rel":"","context":"In &quot;Anecdotes&quot;","block_context":{"text":"Anecdotes","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/anecdotes\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1374,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/01\/a-lack-of-praise\/","url_meta":{"origin":1478,"position":1},"title":"A Lack Of Praise","author":"Derrick Moe","date":"January 10, 2008","format":false,"excerpt":"This sounds almost comical, but I have seen it first-hand.\u00a0 BusinessWeek.com's article - Is Praising Employees Counterproductive? - discusses the topic of praising employees for their good work.\u00a0 The gist of the article: After the meeting, James asked Tom, \"What were you going to say at the meeting, and why\u2026","rel":"","context":"In &quot;Sales Management&quot;","block_context":{"text":"Sales Management","link":"http:\/\/selectmetrix.com\/blogs\/category\/sales-management\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":988,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/06\/cell-phone-tricks-you-may-not-know\/","url_meta":{"origin":1478,"position":2},"title":"Cell Phone Tricks You May Not Know","author":"Lee Fratzke","date":"June 8, 2007","format":false,"excerpt":"I am catching up on old email newsletters and came across a very interesting read from Penny Freymiller at MinnesotaJobs.com regarding cell phones. I thought these were great tips: The Emergency Number worldwide is 112. Apparently even if you are out of your coverage area or your keypad is locked\u2026","rel":"","context":"In &quot;General&quot;","block_context":{"text":"General","link":"http:\/\/selectmetrix.com\/blogs\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1630,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/06\/mileage-reimbursement-increasing\/","url_meta":{"origin":1478,"position":3},"title":"Mileage Reimbursement Increasing","author":"Derrick Moe","date":"June 24, 2008","format":false,"excerpt":"In case you missed it, the IRS is raising the mileage reimbursement rate from the current 50.5 cents to 58.5 cents starting July 1, 2008. \"Rising gas prices are having a major impact on individual Americans,\" said IRS Commissioner Doug Shulman. \"Given the increase in prices, the IRS is adjusting\u2026","rel":"","context":"In &quot;Compensation&quot;","block_context":{"text":"Compensation","link":"http:\/\/selectmetrix.com\/blogs\/category\/compensation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":595,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/01\/productivity-loss-due-to-the-super-bowl\/","url_meta":{"origin":1478,"position":4},"title":"Productivity Loss Due To The Super Bowl","author":"Derrick Moe","date":"January 23, 2007","format":false,"excerpt":"This story from Yahoo seems like a stretch - Super Bowl slowdown costs U.S. employers $800 million. Here is the logic behind the number: Assuming employees, for example, spend 10 minutes a day talking about the game, making bets, surfing the Internet or shopping for a new television, their bosses\u2026","rel":"","context":"In &quot;Trends&quot;","block_context":{"text":"Trends","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/trends\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":999,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/06\/the-skyrocketing-telecommuting-trend\/","url_meta":{"origin":1478,"position":5},"title":"The Skyrocketing Telecommuting Trend","author":"Lee Fratzke","date":"June 13, 2007","format":false,"excerpt":"According to a recent study by World at Work: The number of Americans whose employer allows them to work remotely at least one day per month increased 63 percent, from 7.6 million in 2004 to 12.4 million in 2006. Based on government estimates of 149.3 million workers in the U.S.\u2026","rel":"","context":"In &quot;Trends&quot;","block_context":{"text":"Trends","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/trends\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/1478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/comments?post=1478"}],"version-history":[{"count":0,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/1478\/revisions"}],"wp:attachment":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/media?parent=1478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/categories?post=1478"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/tags?post=1478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- WP Super Cache is installed but broken. 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