Category Archives: Money

JPMorgan lobbied for big loophole on risky trading

By doris | Published: May 12, 2012

Full Story at msnbc.com WASHINGTON — Soon after lawmakers finished work on the nation’s new financial regulatory law, a team of JPMorgan Chase lobbyists descended on Washington. Their goal was to obtain special breaks that would allow banks to make big bets in their portfolios, including some of the types of trading that led to [...]

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Man who dressed as dead mother guilty of fraud

By doris | Published: May 5, 2012

Full Story at Reuters.com (Reuters) – A man who impersonated his dead mother as part of a real estate scam – using lipstick, manicured nails and even an oxygen tank at a meeting – was convicted of fraud on Thursday and faces up to 83 years in prison, prosecutors said. Thomas Parkin, 51, was found [...]

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Graying boomers get wired to cut healthcare costs

By doris | Published: April 19, 2012

Full Story at  msnbc.com WASHINGTON — Baby boomers wired to their iPads and smart phones are giving U.S. health experts some new ideas about ways to cut the soaring costs of medical care in graying America. Some of the ideas might sound like “Robo-Granny”. An astronautical engineer at the Massachusetts Institute of Technology has made [...]

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Winning ticket for record Mega Millions jackpot sold in Maryland

By doris | Published: March 31, 2012

Full Story at CNN.com (CNN) — Someone in Maryland is about to have a wildly euphoric weekend. A winning ticket for the record-breaking $640 million Mega Millions jackpot was sold in Baltimore County, the Maryland Lottery said Saturday. Lottery officials are waiting for information on potential jackpot winners from other Mega Millions states. The winning [...]

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Lawmaker wants to end public assistance to lottery winners

By doris | Published: March 8, 2012

Full Story at CNN.com (CNN) — Amanda Clayton hit it big playing the Michigan Lottery. Like many winners, she used her $1 million prize to buy a new house. But the Lincoln Park, Michigan, resident is receiving money in another form — $200 a month in state food assistance, according to CNN Detroit affiliate WDIV. [...]

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Australian airline runs out of money, stranding thousands

By doris | Published: February 20, 2012

Full Story at CNN.com (CNN) — Thousands of travelers have been left in the lurch around the world after the carrier Air Australia went into administration and grounded its fleet Friday. “It currently appears that there are no funds available to meet operational expenses so flights will be suspended immediately,” the company said in joint [...]

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Opinion: Inflation and Taxes

By doris | Published: January 21, 2012

Everything is going up because of mim. wage and a few other things.  When you do your taxes for a single person that makes about $13,000.00 and under can take a child credit. Prices has went up at least three times when mim. wage raised. Why can,t they raise the thirteen thousand to at least [...]

Also posted in Family, Inflation, Jobs, Opinion, Tax Returns | Leave a comment

Powerball prices double; jackpot and odds of winning it increase

By doris | Published: January 4, 2012

Full Story at USNews.msnbc.msn.com When the price of Powerball lottery tickets increases from $1 to $2 on Jan. 15, Chris Taranto says, he will still buy them. So will a lot of other lottery players, he told phillyburbs.com. And their chances of winning will improve. “People like to dream in this country,” the Delran, N.J., [...]

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Economic downturn took a detour at Capitol Hill

By doris | Published: December 27, 2011

Full Story at msnbc.com WASHINGTON — When Representative Ed Pastor was first elected to Congress two decades ago, he was comfortably ensconced in the middle class. Mr. Pastor, a Democrat from Arizona, held $100,000 or so in savings accounts in the mid-1990s and had a retirement pension, but like many Americans, he also owed the [...]

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$2,000 diamond ring dropped in Salvation Army kettle

By doris | Published: December 21, 2011

Full Story at USNews.msnbc.msn.com The holiday spirit is alive and well in Miami after an anonymous donor dropped a diamond ring into a Salvation Army kettle Friday. Miami-Dade Salvation Army Capt. Linda Payton said her office received a call around 1 p.m. from a woman who wanted to remain anonymous. “She said that she had [...]

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Man finds $2,500 in house, returns to former owners

By doris | Published: December 16, 2011

Full Story at WHDH.COM READING, Mass. — A surprising discovery was made during a demolition which led to an emotional meeting in Reading. “We went through the house pretty good and we thought we found it all,” said Janice Perry, former homeowner. But, they hadn’t. Hidden inside the Ash Street house the sisters sold was [...]

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U.S. to fund 46 transportation projects in 33 states, Puerto Rico

By doris | Published: December 15, 2011

Full Story at CNN.com WASHINGTON (CNN) — All 50 states plus Puerto Rico and Washington, D.C., submitted applications to the Department of Transportation for grants to fund DOT projects, but — in a sign of tough economic times coupled with a shortage of federal dollars — not everyone is finding presents under the federal Christmas [...]

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At $50,000 a pound, rhino horns being stolen from museums

By doris | Published: December 10, 2011

Full Story at WorldNews.msnbc.msn.com LONDON — The demand for rhino horn in Asia, where some see its ground-up powder as an aphrodisiac and even cancer-curing medicine, has driven prices to nearly $50,000 a pound — and with it a new type of crime: thieves breaking into museums and auction houses to tear the horns off [...]

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Seattle welfare recipient lives in million-dollar home

By doris | Published: December 6, 2011

Full Story atnews.Yahoo.com A Seattle woman who is receiving welfare assistance from Washington state also happens to live in a waterfront house on Lake Washington worth more than a million dollars. Federal agents raided the home this weekend but have not released the woman or her husband’s name because they have not officially been charged [...]

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Stock market closes out its best week since 2009

By doris | Published: December 2, 2011

Full Story at BottomLine.msnbc.msn.com NEW YORK – An early rally fizzled on the stock market Friday but still left the Standard & Poor’s 500 index up 7.4 percent for the week, its biggest gain since March 2009. A surprise drop in the U.S. unemployment rate sent stocks higher in early trading, but the gains faded [...]

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US to pay $2.5 million to anthrax victim’s widow

By doris | Published: November 29, 2011

Full Story at USNews.msnbc.msn.com The U.S. government has agreed to pay $2.5 million to the widow and family of a Florida tabloid photo editor killed in the 2001 anthrax attacks. A document obtained Tuesday by The Associated Press shows that Maureen Stevens will drop all other claims stemming from the death of Robert Stevens. The [...]

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Black Friday violence: 2 shot in armed robberies, 15 others pepper-sprayed

By doris | Published: November 25, 2011

Full Story at usnews.msn.com Violence erupted at Black Friday sales across the U.S. with one bargain-hunter left critically injured after being shot during a robbery and 15 other people injured when an angry shopper used pepper spray. Several of the incidents took place at Wal-Mart stores as millions of Americans loaded up on holiday purchases. [...]

Also posted in America, Attacked, Business, Guns, Holiday, Victims | 1 Comment

Report: 1 in 5 U.S. children at risk of hunger

By doris | Published: November 23, 2011

Full Story at CNN.com New York (CNN) — Students gathered as the chef sliced tomatoes with a plastic knife in a Brooklyn public school cafeteria. Their eyes followed as she held up a slender green cylinder before the crowd of parents and kids in plastic aprons and hairnets. “What’s that?” kids shouted. “It’s a scallion. [...]

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US general booted for Afghan remarks

By doris | Published: November 4, 2011

Full Story at msnbc.com WASHINGTON — A top U.S. general in Afghanistan was relieved of duty Friday for “inappropriate public comments” after calling the Afghan government “isolated from reality” and President Hamid Karzai “erratic.” Maj. Gen. Peter Fuller, deputy commander for training Afghan security forces, blasted the Afghan government, military and Karzai in an interview with [...]

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Many companies pay no income taxes, study finds

By doris | Published: November 3, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — The corporate tax rate is 35%. But an examination of 280 of the nation’s largest corporations suggests that many aren’t paying anything close to that. The real tax rate paid by a slew of major corporations averages closer to 18.5%, according to a study released Thursday by [...]

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