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Archive for “Money” news

Million-Dollar Powerball Ticket Sold in Montgomery County

CBS Philly reports:
 
While the winning ticket for the nearly $600 million Powerball jackpot was sold in Florida, a lottery player who bought a ticket in Montgomery County is a $1 million richer.
 
 
A ticket worth $1 million was sold at the 7-Eleven in the 700 block of Horsham Road in North Wales.
 
The ticket matched all five white balls in the drawing, but missed out on the Powerball. The winner has a year to claim the prize.

Rich Manhattan Moms Are The Worst People In The World

The New York Post is an execrable hype machine most days. Some days, it's one of America's most valuable resources. Today is one of the latter days.
 
Some wealthy Manhattan moms have figured out a way to cut the long lines at Disney World — by hiring disabled people to pose as family members so they and their kids can jump to the front, The Post has learned.
 
 
The “black-market Disney guides” run $130 an hour, or $1,040 for an eight-hour day.
 
 
“My daughter waited one minute to get on ‘It’s a Small World’ — the other kids had to wait 2 1/2

It Doesn’t Matter That Al Gore Is “Romney-Rich”

 
 
It appears Al Gore is now "Romney-rich." That was the phrase used in a piece earlier this week by Bloomberg News, and repeated in an extensive New York magazine profile of the former vice president. Gore, according to Bloomberg, now has a personal net worth of around $200 million, money gleaned from the recent sale of his Current TV network, as well as his various investments since leaving public life. By comparison, the piece said, Gore's net worth at the time of his 2000 presidential bid was less than $2 million.

The Price of Cheap Clothes

For years I've practiced a little ritual when I shop for clothes. I got it from watching my father, who, like his father before him, spent decades in the textiles industry until he was forced into retirement when his last remaining customer moved his manufacturing to Southeast Asia.
 
 
It's a three-part process that begins with me running my fingers along the inseams of whatever garment I'm considering buying to check the quality of the stitch (one of the best ways to tell how well your clothes have been made). Next, I check the label to see where it was made; and finally I glance at the price tag. Then I typically place the item back on its hanger and mutter obscenities under my breath while I search for the clearance rack.

Wall Street Journal: Male Golfers Want Clothes That Won’t Embarrass Them

Thank God for weekends. If there weren’t weekends, my house would never get clean. I’d never get to the post office. And I’d never get to catch up with the Wall Street Journal, a.k.a. the paper of record for White People’s Problems. Friday's Journal brought a shining example in the form of a long story, in the Fashion section, called “Is It Tee Time, or Martini Time?” Because, uh, for the Wall Street Journal, those are the only two choices, I guess?

What Comcast Paid Brian Roberts and Steve Burke Last Year

The numbers are in: Here's what Philadelphia's most beloved corporate overlords made last year.
 
     
  • Brian Roberts, Comcast CEO: $29 million, up 8% from 2011
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  • Steve Burke, NBCUniversal/Kabletown CEO: $26.3 million, up 11.3%
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  • David L. "Consigliere" Cohen, Executive VP: $15.9 million, up 5%
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The LA Times notes that Comcast's compensation packages aren't quite as hefty as other media competitors', including Walt Disney and CBS. Not only that, but these guys don't even get paid sick leave! [LA Times]

Here’s The Store Where You’re Guaranteed* To Buy A Winning Lottery Ticket

MyFoxPhilly reports that the Hess Express on Route 309 in Lehigh County has sold three winning lottery tickets during the last three months: A $371,000 Cash 5 ticket in February, a $1 million Powerball ticket in March, and now a $2 million ticket—so far unclaimed—also in Powerball. it's just a hunch that the place will probably see a huge uptick in business before the next drawing.
 
 
The Express-Times reports that the Hess Express collects $10,000 for issuing the winning ticket.  "We're incredibly excited for both winners. We pride ourselves on being a place where customers feel welcome to come in and

Presidents: They’re Just Like Us! Obama Taking a 5% Pay Cut

In an act of solidarity with the thousands of federal workers who have been furloughed or had their pay slashed, Barack Obama has voluntarily accepted a 5% pay cut. He currently makes $400,000 a year; he'll be paying the U.S. Treasury $20,000 in installments. Don't feel too bad: The president's net worth has been estimated to be anywhere from $2.8 to $11.8 million, due mostly to investments (socialist!) and book royalties. [Washington Post]

Did Jersey Guy Lie About Winning Powerball Ticket?

And we have a winner! Another winner, that is. Sunday, a dude claimed claimed he had bought the winning Powerball ticket (jackpot: $338 million, 4th-largest ever) at a "country store" in Bordentown. Turns out he was confused, lying, or forgot what town he lived in. The real ticket, we learned today, was claimed at a liquor store in Passaic. Just one problem: that guy won't come forward and claim his ticket. Maybe he thinks he lives in Bordentown. Oh, the humanity. [Star-Ledger]

Another One Bites the Dust: Lenfest Foundation to Cease Grant Giving

One of Philadelphia's mega-philanthropies is willingly winding down its operations, after more than a decade of mega-giving. The Lenfest Foundation, which was founded by billionaire H.F. "Gerry" Lenfest and his wife Marguerite, is planning to sunset most of its major investments over the next 10 to 15 years. Lenfest, personally and through his charity, has disbursed $1.2 billion to Philly-area programs since founding the group in 2000. The 82-year old also chairs the board of the Interstate Media Group, which owns the Daily News and the Inquirer. [Insert snarky joke about having enough charities on his hands already.]
 
"I'm not in