Make us your home page

Today’s top headlines delivered to you daily.

(View our Privacy Policy)

Canada getting rid of its penny


canada getting rid of its penny

Canada has announced it is scrapping the penny. Finance Minister Jim Flaherty announced in the federal budget Thursday that the Royal Canadian Mint will strike the last of the 1-cent coins this fall. The budget says the cost of minting a penny has risen to 1.6 cents or $11 million a year. Pennies will still be legal tender, but as they slowly vanish from circulation, prices will be rounded up or down.


Japan admits nuke plant poses danger

Damage to the core of at least one of the meltdown-stricken reactors at the Fukushima Daiichi Nuclear Power Plant could be far worse than thought, raising fresh concerns over the plant's stability and complicating the cleanup, a recent internal investigation shows. The results, released this week by the plant operator, also cast doubt on the Japanese government's declaration three months ago that the site is under control.


Effort to end oil tax breaks is blocked

The Senate blocked an effort to end billions of dollars in tax breaks for the oil industry, brushing aside President Barack Obama's argument that the five big oil companies are doing "just fine" while consumers are struggling with high gas prices. The measure to kill the industry tax preferences failed on a 51-47 procedural vote Thursday.


Guilty plea entered in mine blast case

The former superintendent of a mine where an explosion killed 29 workers pleaded guilty Thursday to a federal fraud charge. Gary May, the highest-ranking Massey Energy official charged in the 2010 blast at the Upper Big Branch mine, faces up to five years in prison when sentenced Aug. 9. Prosecutors said he manipulated the mine ventilation system during inspections and disabled a methane monitor on a cutting machine.

harrisburg, pa.

Judge delays start of Sandusky trial

The judge overseeing former Penn State assistant football coach Jerry Sandusky's child sexual abuse case on Thursday delayed the start of the trial by three weeks to early June, and prosecutors filed a lengthy court document that said the case should not be dismissed. Judge John Cleland said the extra time was needed "to accommodate various logistical contingencies that have arisen." The Attorney General's Office supported the delay.


Washington: New satellite imagery appears to show preparations beginning for a long-range rocket launch in North Korea despite international objections.

Michigan: After twice finding out lottery winners used food stamps after collecting the jackpot, Michigan lawmakers passed legislation Thursday to keep it from happening again.

Times wires

Canada getting rid of its penny 03/29/12 [Last modified: Thursday, March 29, 2012 10:20pm]
Photo reprints | Article reprints


Join the discussion: Click to view comments, add yours

  1. Nearly 40 hospitalized on first day of Sunset Music Festival, on pace to exceed last year


    To reduce the number of medical emergencies this year, sponsors of the Sunset Music Festival promised heightened security and safety measures during this weekend's event at Raymond James Stadium.

    Thousands of people crowd the main stage at the Sunset Music Festival on Saturday in the north Raymond James Stadium parking area. The temperature at the time of the photo was 92 degrees. [LUIS SANTANA   |   Times]
  2. Woman killed in overnight Temple Terrace apartment fire, city says


    TEMPLE TERRACE — A woman died early Sunday as a result of a fire at an apartment complex, city officials said.

  3. Video: Indianapolis 500 drivers in fiery crash somehow walk away uninjured

    Auto racing

    Scott Dixon and Jay Howard avoided injury in a spectacular crash - or what Dixon labeled "a wild ride" afterward - during the Indianapolis 500 on Sunday.

  4. Homeland security chief defends Kushner's alleged proposal for 'back channel' to the Russians as 'a good thing"


    Homeland Security Secretary John Kelly, the lone administration official to speak out publicly about reports that Jared Kushner sought a back channel to communicate with the Russian government, defended the move, saying it was a "good thing" for the U.S. government.

    Jared Kushner, President Donald Trump's senior adviser and son-in-law, listens during a meeting with small business leaders at the White House on Jan. 30. [Washington Post photo by Jabin Botsford]
  5. After hard charging on health care in 2016, Marco Rubio is slow, careful


    As a presidential candidate, Marco Rubio pitched an Obamacare replacement and tore into Donald Trump for not having one. "What is your plan? What is your plan on health care? You don't have a plan," the Florida senator aggressively challenged in a February 2016 debate.