money

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Most Alaskans to Get $1.9K Just for Living There

This year's Alaska Permanent Fund dividend check is a good one

(Newser) - It's good to be an Alaskan: Gov. Sean Parnell yesterday announced residents will pocket $1,884 by way of this year's Alaska Permanent Fund dividend, the Alaska Dispatch reports. That's a nice bump from last year's $900 payout and the third largest since the payments from...

FEMA Wants Homeowners to Repay $5.8M in Sandy Aid

Overpayments likely a result of bureaucratic mistakes, not fraud

(Newser) - After Superstorm Sandy hit the East Coast nearly two years ago, the federal government quickly sent out $1.4 billion in emergency disaster aid to the hurricane's victims. Now, thousands of people might have to pay back their share. The Federal Emergency Management Agency is scrutinizing about 4,500...

Govt. to Family: 'Dead' Dad Actually Alive, So Pay Up

Donald Miller disappeared in 1980s, was declared dead, returned last year

(Newser) - Though very much alive, Donald Miller Jr. is still legally a dead man ... and yet now his daughters are being hit up for $47,000 in Social Security benefits they received as teens because of his death, the AP reports. It all started when Miller, a jobless alcoholic at the...

31% of Americans Have No Savings for Retirement

That includes 1 in 5 who are near retirement age

(Newser) - Here's a scary stat for you, spotted by the Washington Post : About 1 in 5 people nearing retirement have no money for retirement. It comes from a newly released survey by the Federal Reserve of about 4,100 Americans. In total, 31% had saved no money for retirement, though...

Single Mom Returns Wallet With $1K
Single Mom Returns
Wallet With $1K
Aug 3, 2014 4:30 PM CDT

Single Mom Returns Wallet With $1K

Fargo woman said, 'God is really testing me today'

(Newser) - A single mother in Fargo says she hoped to set an example for her 7-year-old daughter when she returned a wallet containing $1,000 that the two found while running errands. Sadie Hill and her daughter, Adalee, found the wallet earlier this week in a parking lot. Hill said she...

Time for Women on US Paper Money?

Obama says it's a 'pretty good idea'

(Newser) - The days of American paper money being an all-boys club could be numbered. President Obama said yesterday that he had received a letter from a young girl wondering why there were no women on US bills, "and then she gave me a long list of possible women to put...

What Not to Wear to Your Bank Robbery

T-shirt with first name is not advisable; nor is driving your own car

(Newser) - It wasn’t too hard for police to make an arrest after a Wells Fargo bank robbery in Denver Tuesday. That’s because 68-year-old John David Martinez wore a T-shirt emblazoned with his first name and drove a getaway car registered in his own name, authorities tell ABC Denver . After...

Man Returns $125K So Grandkids Will Be Proud

Police officer says Joe Cornell is one in a million

(Newser) - Joe Cornell was volunteering on Tuesday at a Salvation Army in Fresno where he attends a rehab program when he noticed something a bit odd. A car had pulled up beside a Brinks truck that was stopped at a light and someone inside said something to its driver. Yet the...

Uproar Greets Newark Archbishop's Luxe Home

John Myers tacking 3K square feet onto already huge retirement home

(Newser) - It seems like a pretty sweet way to retire: living in a 7,500-square-foot mansion with two swimming pools. But when the soon-to-be retiree is Archbishop John J. Myers, and the construction bill tied to the 3,000-square-foot addition on his existing weekend home will be footed by the Archdiocese...

Clash Over $1.6B Could Sink Panama Canal Project

Neither builders nor Canal Authority want to give up the funds

(Newser) - An ambitious plan to expand the Panama Canal may soon run aground—two-thirds of the way into the project. The $3.2 billion undertaking is supposed to see a third set of locks installed in order to allow larger vessels to pass through the canal by mid-2015. But that price...

Found in Back of Vegas Cab: $300K in Cash

And cabbie turns it in

(Newser) - Las Vegas cab driver Gerardo Gamboa thought someone left a bag of chocolates in the back seat. But this stash turned out to be cold hard cash. The Las Vegas Review-Journal reports that Gamboa was making a pickup Monday at the Bellagio when a hotel doorman noticed the brown paper...

Some of the New $100 Bills Will Be Worth $1K—or More

All thanks to serial number-minded collectors

(Newser) - We are a couple of weeks away from getting our newly designed $100 bills , and when they arrive on October 8, some will actually be worth $1,000 ... or more. No, the government isn't slipping in an extra zero. But it is including, as always, an eight-digit serial number....

OSU Football Players Handed Envelopes of Cash
 OSU Football Players 
 Handed Envelopes of Cash 
investigation
Sep 10, 2013 3:21 PM CDT

OSU Football Players Handed Envelopes of Cash

Club bent rules, gave players bonuses up to 25K: Sports Illustrated

(Newser) - Oklahoma State University is in hot water, and the temperature may only rise. Sports Illustrated today ran part one of a five-part series on the Cowboys and "the measures that a program will take to become elite." The magazine's 10-month investigation saw it talk to 64 former...

We're Having Big Trouble Printing $100 Bills

30M of the bills didn't cut the mustard

(Newser) - The US is less than two months away from getting its new $100 bills —hopefully. The Oct. 8 release date is already more than two years behind schedule, a delay caused by production problems that apparently have not abated. Writing for the New Yorker , David Wolman reports that the...

72% of Millionaires Don&#39;t Think They&#39;re Rich
 72% of Millionaires 
 Don't Think They're Rich
STUDY SAYS
Jul 29, 2013 7:12 AM CDT

72% of Millionaires Don't Think They're Rich

To those with millions to invest, wealth means financial freedom

(Newser) - Having millions of dollars to invest doesn't make you rich, at least according to those who have those millions. A study by investment firm UBS has found just 28% of people with between $1 million and $5 million in investable assets consider themselves wealthy, ABC News reports. While your...

PayPal Makes Man a Quadrillionaire&mdash;by Accident
PayPal Makes Man a Quadrillionaire—by Accident
IN CASE YOU MISSED IT
Jul 21, 2013 6:50 AM CDT

PayPal Makes Man a Quadrillionaire—by Accident

But Chris Reynolds' good fortune doesn't last long

(Newser) - It's not too often you see the word "quadrillionaire" in a headline. Actually, probably never, considering Chris Reynolds of Media, Penn., was the first man to ever be one—albeit very, very briefly. Reynolds opened his PayPal statement this month to find he had been credited $92,233,...

10 Inventors Who Saw No Riches From Their Big Idea

Like the guys behind Post-It Notes...

(Newser) - Despite what you may think, a smash-hit of an invention doesn't necessarily set an inventor up for life. (Witness Doug Englebart , who invented the computer mouse but didn't see a dime from it.) As the BBC points out, there are plenty of others who failed to make...

Dow Plummets 266: Market's Worst Day in 5 Months

China's growth rate starts off a bad day

(Newser) - The stock market suffered its worst loss in five months today as China posted lower-than-expected growth and the Boston Marathon bombing added a late wave of anxiety, TheStreet and Wall Street Journal report.The Dow Jones Industrial Average sank 266 points, gold fell by 9.4%, and the S&P...

Penny Costs 2 Cents to Make, Mint Stumped on Fix

2 years of testing returns no usable alternative

(Newser) - A penny costs more than two cents and a nickel costs more than 11 cents to make and distribute. The Mint is trying to figure out how to produce coins more cheaply without sparing our change's quality and durability, or altering its size and appearance—and its initial findings...

Today's Good Deed Involves a Bus, Old Lady, and $500K

Vienna driver finds bag filled with fortune, hands it over to police

(Newser) - Today's dispatch from the Good People Still Exist Department: When a bus driver in Vienna got to the end of his route, he discovered a bag left behind—that just so happened to contain a small fortune, reports Reuters . "At first I thought it was shopping or medicine,...

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