Norway

Yesterday the Government of Canada announced it was eliminating the penny from Canada’s coinage system. The provided reasons: Its declining spending power, rising production costs (1.6 cents per penny), and the harsh reality that “some Canadians consider the penny more of a nuisance than a useful coin.” Likewise, other countries have been re-evaluating their lowest-denomination coins, with Australia, Norway, and Switzerland among those that have already stopped circulating them. READ MORE >>

Today, more the two years after the official start of the recovery, we find ourselves mired in slow growth and high unemployment. The majority of Americans cannot distinguish between this recovery and stagnation, if not continued recession. One question is why the economy is performing so much worse than in the previous post-recessionary periods since World War Two. And once we think we have an answer to that question, we have another: What is to be done? READ MORE >>

Yes, of course. The majority of Muslims are against terror killings of Christians. Maybe even a big majority. But the fact is there is little evidence and, in fact, almost no evidence of revulsion at what has become the distinctive imprint of Islam in the modern world. Alright, I'll note the most important caveat: it is not Islam but Islamists and Islamism that are at fault in this ongoing outrage. READ MORE >>

This is one of those slightly hokey surveys that measures the happiness of nations. Done by the Gallup World Poll and written up for Forbes by Francesca Levy, its results are not entirely surprising. READ MORE >>

Just Friends

The Facebook Effect: The Inside Story of the Company That Is Connecting the World By David Kirkpatrick (Simon & Schuster, 372 pp., $26) READ MORE >>

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