The Morning: Abolish the penny?

Plus, hostages, psychiatric hospitals and a literary quiz.

View in browser|nytimes.com September 1, 2024 Good morning. Today, my colleague Caity Weaver explains an intractable problem inside America's change purses. We're also covering hostages, psychiatric hospitals and a literary quiz. —David Leonhardt Jamie Chung for The New York Times Pound-foolish By Caity Weaver I write for The New York Times Magazine. I have good news and I have bad news. Actually, I have crazy news and I have bad news. Actually, all the news I have is bad, but some of it is also crazy. Before you become totally freaked out, all the news I'm describing here is about pennies; it's nothing life and death. But you do need to buckle up. If you are reading this and live in America, or used to live in America, or maybe just went to America one time many years ago, then you are almost certainly performing unpaid labor for the U.S. government and have been for years. How? By storing some of the billions of pennies the U.S. Mint makes every year that virtually no one uses. Why are we still making tons (many thousands of tons) of pennies if no one uses them? That's a sensible question with a psychotic answer: We have to keep making all these pennies — over $45 million worth last year — because no one uses them. In fact, it could be very bad if we did. When you insert a quarter into a soda machine, that quarter eventually finds its way back to a bank, from which it can be redistributed to a store's cash register and handed out as change — maybe even to you, who can put it into a soda machine again and start the whole process over. That's beautiful. (Please be mindful of your soft drink consumption.) But few of us ever spend pennies. We mostly just store them. The 1-cent coins are wherever you've left them: a glass jar, a winter purse, a RAV4 cup holder, a five-gallon water cooler dispenser, the couch. Many of them are simply on the ground. But take it from me, a former cashier: Cashiers don't have time to scrounge on the sidewalk every time they need to make change. That is where the Mint comes in. Every year it makes a few billion more pennies to replace the ones everyone is thoughtlessly, indefinitely storing and scatters them like kudzu seeds across the nation. You — a scientist of some kind, possibly — might think an obvious solution now presents itself: Why not encourage people to use the pennies they have lying around instead of manufacturing new ones every year? We can't! Or, anyway, we'd better not. According to a Mint report, if even a modest share of our neglected pennies suddenly returned to circulation, the result would be a "logistically unmanageable" dilemma for Earth's wealthiest nation. As in, the penny tsunami could overwhelm government vaults. That's not great, but at the end of the day we're talking only about pennies. How much could a penny cost to make? A penny? If only we lived in such a paradise. Unfortunately, one penny costs more than three pennies (3.07 cents at last count) to make and distribute! When I learned this, I lost my mind. Whose fault is this? And who can make it stop? I spent months pleading for answers from government officials, former Mint employees, numismatists, economists, scientists, scrap-metal industrialists, souvenir-elongated-penny machinists, historians, businesspeople, poverty researchers and even Canadians. Everyone said the same thing: Only Congress can retire the American 1-cent coin. Wait, actually, there is (maybe) good news: Everyone might be wrong. While writing an article about all of this for The Times Magazine, I'm pretty sure I found a loophole buried deep in the forgotten annals of the U.S. legal code that could end this pointless penny plague. I think there is one person in the United States who can unilaterally kill the penny this afternoon if he or she wants to. It's not the president of the United States or the director of the Mint or the head of Coinstar, the private coin-recycling company that has become a crucial cog in the U.S. monetary system (though I had a lovely long talk with him). In fact, it's probably not anyone you would think of. Find out who in the magazine story. And if you are a penny lover, there is happy news for you, too. Since it first began issuing 1-cent coins in 1793, the United States has produced about half a trillion of them — far more than the number of stars in the Milky Way. Even if we get rid of the penny, there will be plenty to go around forever. THE LATEST NEWS Israel-Hamas War The Hostages Families Forum, via Associated Press Israel said that the bodies of six hostages were found in a tunnel in Gaza and blamed Hamas for their deaths. Some in Israel criticized the government for not securing a deal to release the hostages. Five of those captured had been at a dance music festival in southern Israel, including Hersh Goldberg-Polin, an Israeli American citizen. Health workers in Gaza began a polio vaccination drive after Hamas and Israel agreed to pauses in the fighting to allow vaccinations to take place. "He couldn't understand the danger": A family in the occupied West Bank mourned the death of a relative with mental illness they said had been killed during an Israeli raid this past week. War in Ukraine Russia long avoided sending young conscripts to the front lines. Ukraine's incursion into Russia's Kursk region upended that practice. Residents of the eastern Ukrainian town of Pokrovsk are evacuating daily. Kyiv hoped that its incursion would draw Russian forces away, but they are closing in. More International News In Maracaibo, Venezuela. Marian Carrasquero for The New York Times Around a quarter of the residents of Maracaibo — Venezuela's second-largest city — have moved, some driven to the U.S. and elsewhere in South America by political and economic instability. The rape and murder of a junior doctor in Kolkata has highlighted subpar security and grueling working conditions at India's hospitals. The mayor of Paris said the Olympic rings that were installed on the Eiffel Tower for the Games would become a permanent part of the monument. 2024 Election The Trump campaign, through interviews with YouTubers and internet streamers, is courting young men who have been regarded as unreachable. The election has soured old friendships in Silicon Valley, as some tech leaders become vocal about their support for Donald Trump, The Wall Street Journal reports. The campaigns of Kamala Harris and Trump, when combined with their super PACs, have raised $1.3 billion. See a list of their biggest donors. Other Big Stories Acadia Healthcare's Park Royal hospital in Florida.  Michael Adno for The New York Times Acadia Healthcare — a leading American psychiatric hospital chain — is holding people against their will to maximize insurance payouts, a Times investigation found. For decades, the U.S. government has encouraged farmers to spread city sewage on farmland as fertilizer. Some scientists now say that sludge could contain toxic chemicals. Boar's Head temporarily closed its plant in a small Virginia town after it was linked to a listeria outbreak. Residents are worried about the future of the local economy. The rapper Fatman Scoop, who performed the underground club favorite "Be Faithful," died at 56 after collapsing onstage during a performance. THE SUNDAY DEBATE Did Harris's first major TV interview as a presidential nominee help her campaign? Yes. Harris's interview was not flashy, but it demonstrated her levelheadedness. "A White House run by a pragmatic lawyer … is fairly dull; a good thing, at least for those of us who prefer our president to be working instead of hamming it up for the cameras," Jill Filipovic writes for The Daily Beast. No. Harris did not tell voters where she stood on important topics. "If Harris's campaign is about values, but she is unwilling to more forcefully champion women's rights and the value of Palestinian lives, she risks making some wonder just what those values are," The Guardian's Moira Donegan writes. FROM OPINION President Biden needs to take steps toward outlawing the death penalty, even if he fails in the short term, the editorial board writes. We should learn to live without air-conditioning, both to slow climate change and to adapt to it, Stan Cox argues. Here is a column by Nicholas Kristof on working-class voters. Subscribe Today The Morning highlights a small portion of the journalism that The New York Times offers. To access all of it, become a subscriber with this introductory offer. MORNING READS Bea Bongiasca 'Brat' stones: Lime green is the color of the summer. That's great news for the gemstone peridot. Most clicked: The Morning's most popular feature in August asked if driving high is as dangerous as driving drunk. 'Retailtainment': Mall landlords are turning to companies like Hasbro and Mattel for themed attractions. Routine: How a soberish writer spends her Sundays. Vows: On Kobe Bryant Day, a celebration of love and basketball. Lives Lived: Leonard Riggio was a brash and literary-minded businessman who, in founding Barnes & Noble, transformed the business of selling books. He was cast as both a hero and a villain for doing so. He died at 83. THE NEW YORK TIMES MAGAZINE Illustration by Max Guther. Concept by Alex Merto. Click the cover image above to read this week's magazine. BOOKS Hania Kmieć Kindergarten: These books will help prepare children for their first day of school. Quiz: Can you guess these novels that originally got bad reviews in The Times? Our editors' picks: "Someone Like Us," about a journalist investigating the criminal record of the man he assumes is his father, and six other books. Times best sellers: Jodi Picoult's historical novel "By Any Other Name" is a No. 1 debut on the hardcover list. THE MORNING RECOMMENDS … Experience the restorative power of a gingery tea cake. Play these games on Labor Day. Travel with your pet. Wash your down jacket. THE WEEK AHEAD What to Watch For Tomorrow is Labor Day. Jury selection for Hunter Biden's tax trial is set to begin on Thursday. The Toronto International Film Festival begins on Thursday. The U.S. jobs report for August is released on Friday. The U.S. Open women's singles final is on Saturday. Meal Plan David Malosh for The New York Times. Food Stylist: Vivian Lui. In this week's Five Weeknight Dishes newsletter, Ali Slagle offers a summer recipe scrapbook of easy meals that take around 20 minutes to make, including shrimp bathed in olive oil, cumin and cashew yogurt rice, and sardines on buttered brown bread. NOW TIME TO PLAY Here is today's Spelling Bee. Yesterday's pangrams were farting, graffitiing, grafting, rafting and tariffing. Can you put eight historical events — including the performances of Mozart, the conquests of the Mongols, and the creation of the Slinky — in chronological order? Take this week's Flashback quiz. And here are today's Mini Crossword, Wordle, Sudoku, Connections and Strands. Thanks for spending part of your weekend with The Times. Editor's note: The Interview is off this week. It will return next week. Sign up here to get this newsletter in your inbox. Reach our team at themorning@nytimes.com. Editor: David Leonhardt Deputy Editor: Adam B. Kushner News Editor: Tom Wright-Piersanti Associate Editor: Lauren Jackson News Staff: Desiree Ibekwe, Sean Kawasaki-Culligan, Brent Lewis, German Lopez, Ian Prasad Philbrick, Ashley Wu News Assistant: Lyna Bentahar Saturday Writer: Melissa Kirsch Need help? Review our newsletter help page or contact us for assistance. You received this email because you signed up for the Morning newsletter from The New York Times, or as part of your New York Times account. To stop receiving The Morning, unsubscribe. To opt out of other promotional emails from The Times, including those regarding The Athletic, manage your email settings. To opt out of updates and offers sent from The Athletic, submit a request. Subscribe to The TimesGet The New York Times app Connect with us on: Change Your EmailPrivacy PolicyContact UsCalifornia Notices The New York Times Company. 620 Eighth Avenue New York, NY 10018