The bottom line

Production of $1 coins cut; Russia joins the World Trade Organization; Saab files for bankruptcy; Cost of global disasters hits a record; Greece's changing rate of suicide; CEO pay rises

Production of $1 coins cut

Due to a lack of demand, the U.S. Mint plans to curtail production of $1 coins and create only enough to satisfy collectors. The move will save taxpayers about $50 million a year—or about 15 minutes’ worth of the federal deficit.

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