platinum

5 Stories

Treasury: Forget About That $1T Platinum Coin

Treasury won't make it and Fed won't accept it

(Newser) - The $1 trillion platinum coin being touted as a bizarre solution to the debt ceiling debate will only ever exist as an illustration of just how dysfunctional Washington has become. A Treasury official tells the Washington Post that the department has no intention of minting such a coin to get... More »

Hurry, Mint That Platinum Coin

Paul Krugman: It's kind of a joke, but so is the current predicament

(Newser) - Despite facing plenty of blowback from wags, wonks, and politicos over the past week—such as Ezra Klein in the Washington Post —Paul Krugman is continuing his push for the $1 trillion platinum coin option to bypass the looming debt ceiling debate. ( Here's a summary of how... More »

We Could Fix Debt Crisis With ... Platinum Coins?

Bizarrely, laws restrict issues of gold, silver, copper, but not platinum

(Newser) - President Obama says he is " not going to play that [debt ceiling] game " with Republicans again. But how to avoid disaster if Congress doesn't raise the ceiling? It turns out the president has one ridiculously simple solution as an option—platinum coins. Incredibly, there is no legal... More »

Oldest Impact Crater Found in Greenland

Meteorite probably smashed down about 3B years ago

(Newser) - Scientists have uncovered what might be the oldest meteorite crater on Earth. Located in Greenland, it's about 62 miles wide and was likely formed 3 billion years ago when a 19-mile-wide meteorite collided with our planet, reports Space.com . Today, an impact that size likely would wipe out humans.... More »

Corn May Be Recipe for Disaster

Drought would ripple through US economy

(Newser) - The US is becoming so dependent on corn that a drought would have catastrophic effects that would ripple throughout the economy, reports the LA Times. Corn is essential as staple livestock feed, artificial sweetener, and a basic component of ethanol. A "corn shock" could lead to $5 gas and... More »

5 Stories

AROUND THE WEB