Alt Text: Image of an ethereal raccoon in the sunset sky above the same raccoon in the ground. White text below the sunset says "Live like every day is trash day"
$70M "vanishes" to print pennies each year as it costs nearly 4Β’ to make 1 penny. (Doesn't actually vanish, some goes to penny maker's pockets* - see reply below)
Does the president really have the power to stop penny printing?
Maybe.
The president is to execute laws passed by congress. Congress passes vague laws.
One example is what coins to print. However, how many to print is left out, just that it should be "the necessary amount"
So Trump decided that the necessary amount was 0.
However, if Congress disagrees with the interpretation, then it goes to the courts.
The courts will ask if there is a precedent.. which for the penny specifically - there isn't really.
Existing precedent is about rarely used speciality / collector coins which previous presidents used the same method to reduce / eliminate production.
So maybe this will kill the penny, but also maybe not. If it does kill the penny, it could set an interesting precedent for future presidents to kill off anything congress hasn't been explicit on.
... I hope all my president / precedents are correct lol.
This won't stop it (had this decision not been reversed already).
Temu (pdd holdings), Shein, mearsk, etc, would all just continue to freight it over in Gaylord's, and then pass it over to UPS or FedEx instead of USPS. At most it'll increase the price slightly on the garbage they send over - but really this just hurts USPS more than anything.
The situation is more complicated than just rejecting packages.
Edward Snowden slams Nvidia's RTX 50-series 'F-tier value,' whistleblows on lackluster VRAM capacity
My favorite part might be the conversation on the Cloudflare forum where a user reports the bug that makes this possible and it ends with this:
π
Very round bun alert!
Alt: image of a cowboy hat wearing Kirby propped up on cowboy boots. The Kirby has a gun and to the right says "you have yeed your last haw, partner"
Alt text: Image of a opossum with cat ears with the text "I am good kitty"
Alt: Image of a bag of chips ($1.99) at a 7 Eleven gas station. The flavor the chips is "Hot Dog" by the brand Big Bite
Alt Text: The image shows Hyrule Castle from the game Super Smash Bros., divided into various sections with humorous labels. The top part of the castle is labeled 'Weenie Hut Junior,' the middle portion is 'Hyrule Fight Club,' and the bottom section has multiple smaller zones labeled 'Death or Glory,' 'Freedom,' 'Literally nobody wants to be here,' and one simply labeled 'F***.' Kirby, the pink round character from the game, is floating on the right side with his name 'KIRBY' next to him."
cross-posted from: https://lemmy.zip/post/19004801
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I enjoyed this, thanks for posting!