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Treasury Department Officially Discontinues Pennies Starting in 2026. What Happens When There Are No New Pennies?
Treasury Department Officially Discontinues Pennies Starting in 2026. What Happens When There Are No New Pennies?

Yahoo

time23-05-2025

  • Business
  • Yahoo

Treasury Department Officially Discontinues Pennies Starting in 2026. What Happens When There Are No New Pennies?

The U.S. government has taken a large step toward finally eliminating the penny. The Treasury Department recently placed its final order of penny blanks to print the one-cent coins, and meaning new pennies will stop being put into circulation around early 2026. Eliminating the penny has been a bipartisan issue for years, as rising production costs mean the coins cost more to print than they're worth. The U.S. government took another step toward eliminating the penny this month, with the Treasury Department placing its final order of penny blanks to print new one-cent coins. The move came after President Donald Trump announced on Feb. 9 that he had instructed Treasury Secretary Scott Bessent to 'stop producing new pennies.' "For far too long the United States has minted pennies which literally cost us more than 2 cents," Trump wrote on Truth Social. "This is so wasteful!" "Let's rip the waste out of our great nation's budget, even if it's a penny at a time," the president added. Eliminating the penny has been a bipartisan issue for years, with both Trump and President Barack Obama, as well as both chambers of Congress, calling for an end to the one-cent coin. The president is also correct in calling the penny 'wasteful,' even underestimating the cost. Over the past 10 years, the Treasury estimates that the cost of producing one penny has risen from 1.3 cents to 3.7 cents. In February, the U.S. Mint estimated that it lost around $85 million producing 3 billion pennies in 2024. Moreover, The Wall Street Journal reported in April 2024 that Americans throw out up to $68 million in change per year, with millions more languishing in coin dishes, piggy banks and other keepsake vessels. The argument is, if the coins aren't circulating, then it's worth saving the money and ceasing production. The current plan is for the Treasury to stop putting new pennies into circulation in early 2026, when it has finished minting its final batch of penny blanks. After that, it will take years for the coins to cycle out of public use entirely. With digital payment already being the primary method of transaction for a majority of American businesses, the 'change' will mean most things largely stay the same. For cash transactions requiring cents, the U.S. will likely follow the lead of Canada — which stopped production of its one-cent piece in 2012 — and make those round to multiples of five. The Treasury has said that state and local governments will be responsible for providing guidance to retailers so that sales taxes are properly collected. The first penny was produced in 1787, and, until 1857, the coins were 100% copper. Today's pennies are copper-plated zinc, including just 2.5% copper. The coin was first printed with the image of the goddess of Liberty and her Phrygian cap, however, the image of President Abraham Lincoln became the coin's symbolic face in 1909, the centennial of his birth. The Treasury estimates that there are around 114 billion pennies currently in circulation in the U.S. Read the original article on People

"This makes no sense at all in terms of functional harmony. So why does it sound so good?: A music professor breaks down Doechii's Denial Is a River and Boiled Peanuts
"This makes no sense at all in terms of functional harmony. So why does it sound so good?: A music professor breaks down Doechii's Denial Is a River and Boiled Peanuts

Yahoo

time08-02-2025

  • Entertainment
  • Yahoo

"This makes no sense at all in terms of functional harmony. So why does it sound so good?: A music professor breaks down Doechii's Denial Is a River and Boiled Peanuts

When you buy through links on our articles, Future and its syndication partners may earn a commission. Ever since Doechii won the Grammy award for Best Rap Album, my socials have been saturated with her. I am very far outside her target audience, but when even my fellow middle-aged dads are this excited about an artist, you know that she must be having a moment. I am not qualified to explain Doechii's unique place in the hip-hop landscape. For that, I recommend Craig Jenkins' profile on Vulture. What I can do is recommend that you watch her recent performance on The Late Show with Stephen Colbert, embedded above. This is fresh and immaculate, and I was stunned to learn that it was Doechii's first time doing her own choreography, and that she put it all together in four days. I guess this is why all the press about her mentions her hyper-intense work ethic. Doechii worked with hair artist Malcolm Marquez. She cites Solange, artist Carlota Guerrero and hip-hop legend MF DOOM as inspiration. The Colbert performance is a medley of two thematically-related songs from Doechii's mixtape Alligator Bites Never Heal. Yes, it's a mixtape, even though she won Best Rap Album for it. You may wonder what the difference even is between a mixtape and an album at this point. I am old enough to remember when mixtapes were cassettes, but now the word denotes an album with a casual vibe that's sometimes given away for free. In Doechii's case, this means that the songs are short and fragmentary, sometimes seeming like sketches. Presumably her first 'official' album will be structured more conventionally. The performance begins with a narrator reciting quotes from a 2012 interview with MF DOOM about why he wears a mask. There's another MF DOOM quote between the two songs, and a third at the end. The first song in the medley, Boiled Peanuts, is built on a samples of Jano's Revenge by Los Sospechos. Rap producers have embraced Phrygian, possibly because of its Hollywood associations The track alternates Bm and C chords, implying B Phrygian mode. This scale traditionally evokes Iberian or Arabic music, and lazy Hollywood film composers have routinely used it as shorthand for evil, darkness, or the exotic. Rap producers have embraced Phrygian, possibly because of its Hollywood associations. You can hear it in Doo Wop (That Thing) by Lauryn Hill, Get Ur Freak On by Missy Elliott, Versace by Migos, and many other songs. The beat is a medium-slow boom-bap groove, meaning that it's a funk pattern with just enough sixteenth-note swing to feel organic. The jazzy horns on the sample also evoke the boom-bap era. Doechii's music is stylistically diverse, but this is the side of her that appeals the most to my fellow 90s kids. Speaking of the 90s, The Tiny Desk version of Boiled Peanuts interpolates the horn sample from Rebirth of Slick (Cool Like Dat) by Digable Planets. That horn sample, in turn, comes from Stretching by Art Blakey and the Jazz Messengers. The second half of the medley is Denial is a River. The instrumental is labeled as 'an MF DOOM type beat' by Ian James - perhaps this is what motivated to Doechii to quote the DOOM interview. This track is also in B minor, and it also uses chromatic bass movement. But unlike Boiled Peanuts, there is no traditional key or mode that it fits into. Ian James took a B minor chord and transposed it down by seemingly arbitrary amounts. (I assume he did this with a sampler, but he could just as well have done it with DAW automation.) The resulting chord progression is Bm, Bbm, Bm, Am, Abm. This makes no sense at all in functional harmony terms. So why does it sound good? It's a profound music-theoretical mystery. People don't usually think of hip-hop as a source of harmonic inspiration. Rhythm, yes; timbre, absolutely; but harmony isn't typically the central focus in a hip-hop track. However, I learned a very important harmonic concept from my own attempts to produce hip-hop: if you have a satisfying beat, anything you put on top of it will sound intentional and 'correct.' This kind of odd-length phrasing and asymmetry is unusual, and that makes it ear-grabbing You can try this yourself. Put on a looped breakbeat and try playing random chords on top of it. You can pull roots and chord qualities out of a hat, or just record yourself mashing your fist on a piano. It won't take many repetitions before your chords start sounding acceptable, and then they will start sounding great. It might take four repeats if it's an unconventional progression; it might take more if it's just random note clusters; but it will absolutely work. This is true of anything, by the way: clips of speech, samples of environmental or found sounds, pieces of high modernist atonal music or musique concrete; hip-hop beats legitimize all of it. Anyway, I want to point out a particular line from Denial is a River, using the radio-friendly lyrics from the Colbert performance rather than the more explicit original ones: 'Now he think he slicked back 'til I slipped back, got my lick back, turned the dude to a knick-knack.' Up until this point, Doechii's flow has been streams of sixteenth notes, organized into familiar patterns, but this line disrupts the flow. The accented/rhymed syllables are spaced every three eighth notes until 'knick-knack', which comes after five eighth notes. This kind of odd-length phrasing and asymmetry is unusual, and that makes it ear-grabbing. The next line is rhythmically more straightforward, but listen to the pitch, it's a distinct descending melody: 'I moved on, dropped a couple of songs, and then I went and got signed, now it's 2021.' It's a cliche to say that rap is unpitched, or that it's on a monotone, but neither of these are true. Every time you utter a vowel, it has a distinct pitch, though that pitch might swoop up and down a lot. Rappers may not control their pitch as tightly as they control their timing, but pitch still matters. Rappers may not control their pitch as tightly as they control their timing, but pitch still matters The importance of pitch in rap flows is easy to demonstrate to yourself. Take a rap line that you know well and say it with the wrong pitches: go up when you're supposed to go down and vice versa, or stay on the same pitch when you're supposed to move and vice versa. Very often, the stereotypical 'white rapper' voice is annoying because it uses the wrong pitches. But wait, you might ask. If rap has structured pitch, what makes it different from singing? I would say: not much. But if all vowels are pitched, doesn't that make all speech a kind of singing too? To answer that, we would have to define what 'singing' is more clearly, and that is beyond the scope of this column. But all speech does have a strong component of musicality to it; that's how we convey emotion, among many other things. Diana Deutsch discovered the Speech-to-Song Illusion in 1995, in which she transforms ordinary speech into a song simply by repeating it. This 12tone video explains it well. Doechii has some other memorable speech-like melodies in Denial is a River, or melody-like speeches. Listen to the descending pitches on the line 'Mmm, nah, whatever', and the way she uses pitch to highlight the word 'like' in 'I like pills, I like drugs'. This line is full of gaps where the explicit language would go, and I actually like the effect of the gaps, it only enhances the off-kilter flow. Even Doechii's heavy breathing at the end of the song is melodic. Finally, one last nod to the 90s: the line 'I ain't a killer but don't push me' is a 2Pac quote. The hook to Catfish from Swamp Sessions has a string of rhymes that's MF-DOOM-worthy: Doechii rhymes "hoorah", "too fly", "Ventura", "jeweler", "medulla", "schooled her", "chulas" and "ruler". NISSAN ALTIMA from Alligator Bites is breathtakingly filthy, but if that doesn't faze you, it's a remarkable display of MC skills. Doechii tends to repeat a phrase from the end of a line at the beginning of the next line: 'I'm the new hip-hop Madonna/I'm the new hip-hop Madonna'. Not only is the rhythmic placement of the repeat different, but the pitch contour is different too. Nice technique. Given the wild eclecticism of Doechii's music so far, I can only guess what she will come up with next. I look forward to finding out.

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