(frankieleon)

Senators Continue Push To Ultimately Replace Dollar Bill With $1 Coin

In spite of decades of studies showing the long-term cost benefits of dollar coins over Federal Reserve Notes, and the fact that most of the world’s leading economies have already switched to coins for similar denominations, the U.S. has remained steadfast in its use of printed dollar bills. So once again, lawmakers in the Senate are making the push to gradually make the transition from print to mint. [More]

Rising Cotton Costs Make Paper Money More Expensive To Print

Rising Cotton Costs Make Paper Money More Expensive To Print

Even though it’s referred to as “paper” money, most of the material used to produce U.S. banknotes is actually cotton. And with raw cotton costs at a 140-year high, it’s costing more money to print money. [More]

GAO To Feds: Replace Dollar Bills With Coins

GAO To Feds: Replace Dollar Bills With Coins

While many other global economies — including the European Union — have ditched their low-value paper banknotes in favor of coins, the U.S. continues to churn out dollar notes while $1 coins take a backseat. But a new report by the Government Accountability Office urges the Treasury and the Federal Reserve to give renewed thought to the idea of making dollar bills extinct. [More]

Free Money From The U.S. Mint: Scheme, Scam, Or Gamble?

Free Money From The U.S. Mint: Scheme, Scam, Or Gamble?

Earning easy money online: it is possible! That’s what fans of a particular scheme involving credit card rewards and the U.S. Mint claim. Is it worth the work and the risk?

What Bills Are In Circulation The Most?

What Bills Are In Circulation The Most?

Visual Economics has a fun chart that shows how many of each denomination of U.S. currency is in circulation, as well as their average lifespans. For some reason, the $5 bill has the shortest lifespan. Also, seriously, we need to stop producing pennies NOW.

Those Damn Europeans Are Taking Over New York

Those Damn Europeans Are Taking Over New York

Have you seen them? The Europeans? They’re everywhere! In our fancy bistros, on line at the Apple store, spending their fancy-pantzy valuable Euros while we suffer through this intolerable non-recession. The patriots at the New York Times finally sounded the warning call over this European “invasion” that’s transforming New York into the “Walmart of hip.”

http://consumerist.com/2008/03/19/amsterdam-doesnt-want-your-stinking/

Amsterdam doesn’t want your stinking worthless U.S. currency. [Reuters]

Meet Your New $5 Bill

Meet Your New $5 Bill

If you liked Harold And The Purple Crayon, boy are you going to love the new $5 bill. Lincoln’s last stand after the penny will inherit the same counterfeiting countermeasures found on more valuable bills, and will come bruised with a large purple five “to help those with visual impairments distinguish the denomination.’ That’s right, never again will you confuse a $5 bill for a $50 bill.

Why Do You Hate The Dollar Coin?

Why Do You Hate The Dollar Coin?

Our beloved U.S. Mint has apparently redesigned the dollar coin to feature a rotating slate of Presidents. Each President gets a three-month stint on the coin. On Thursday, James Madison, our 4th Chief Executive, took his rightful place on the golden slab – but nobody seemed to care. Why?

Verizon STILL Doesn't Know Dollars From Cents

Verizon STILL Doesn't Know Dollars From Cents

According to reader Greg, Verizon reps are still confused about the difference between .002 dollars and .002 cents.

Solve This Math Problem, Verizon

Solve This Math Problem, Verizon

Considering their ability to convert cents to dollars, Verizon should have no trouble solving this equation.

VerizonMath’s Open Letter To Verizon

George Vaccaro posted an open letter to Verizon after winning a public battle over his wireless bill, a fight that hinged on Verizon Wireless employee’s inability to tell the difference between .002 cents and .002 dollars.

Transcript Of Verizon Still Not Knowing Difference Between Dollars And Cents

Transcript Of Verizon Still Not Knowing Difference Between Dollars And Cents

Inside is the phone transcript of another user experiencing the same problem as George. Verizon told Peter he was to be charged .0015 cents per kilobyte for data usage. Instead, they charged him .0015 dollars.

Verizon Finally Admits They Were Wrong

It only took them five days, but somehow it got through to Verizon that they were wrong. They issued George an official apology letter and promised to teach their reps the difference between dollars and cents.

YouTubers Post Videos In Response To Verizon Math Call

5Six different video have already gone up on YouTube in response to our upload of George’s original “Verizon Can’t Count” phone call.

Verizon Still Can’t Count

Peter goes through several employees who can’t understand the hundredfold difference between dollars and cents. He escalates to and wrangles with a supervisor. At the end, Peter asks for his charge to be refunded.

Verizon Customer Gets Full Refund

Verizon Customer Gets Full Refund

UPDATE: Verizon Still Can’t Count

Transcript: Verizon Doesn’t Know How To Count

UPDATE: Verizon Customer Gets Full Refund