Thursday,  December 20, 2012 • Vol. 13--No. 155 • 30 of 32 •  Other Editions

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member of her own conservative party.
• After five years of high tension under unpopular President Lee Myung-bak, Park has vowed to pursue engagement with Pyongyang despite its continuing nuclear program and its widely condemned long-range rocket launch last week. The daughter of late South Korean dictator Park Chung-hee, she placed more conditions on resuming negotiations than the liberal opposition candidate she defeated Wednesday, Moon Jae-in.
• On Thursday, Park mentioned the North Korean rocket launch during a nationally televised speech.
• "The North's long-range missile launch symbolically showed how grave our security reality is," Park said following a visit to Seoul's National Cemetery, where she paid silent tributes to late presidents, including her father.
• North Korean state media have repeatedly questioned the sincerity of Park's North Korea engagement policy, since she and Lee are from the same party.
• ___

With a penny costing 2 cents, US Mint tests new metals to make coins for less

• PHILADELPHIA (AP) -- When it comes to making coins, the Mint isn't getting its two cents worth. In some cases, it doesn't even get half of that. A penny costs more than two cents and a nickel costs more than 11 cents to make and distribute. The quandary is how to make coins more cheaply without sparing our change's quality and durability, or altering its size and appearance.
• A 400-page report presented last week to Congress outlines nearly two years of trials conducted at the Mint in Philadelphia, where a variety of metal recipes were put through their paces in the massive facility's high-speed coin-making machinery.
• Evaluations of 29 different alloys concluded that none met the ideal list of attributes. The Treasury Department concluded that additional study was needed before it could endorse any changes.
• "We want to let the data take us where it takes us," Dick Peterson, the Mint's acting director, said Wednesday. More test runs with different alloys are likely in the coming year, he said.
• The government has been looking for ways to shave the millions it spends every year to make bills and coins. Congressional auditors recently suggested doing away with dollar bills entirely and replacing them with dollar coins, which they concluded could save taxpayers some $4.4 billion over three decades. Canada is dropping its penny as part of an austerity budget.

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