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According to a recent survey of millionaire baby boomers by investment firm US Trust, many are making a surprising decision regarding their financial planning. Rather than planning to leave behind a sizeable estate, they intend to substantially exhaust their funds prior to death. Less than half of those surveyed said leaving money to their children was …
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Permanent link to this article: https://betweenthenumbers.net/2011/09/baby-boomers-not-planning-to-leave-much-behind/
An unemployed carpenter in Northern Illinois was picking broccoli in his backyard garden when he stumbled upon a duffle bag, nestled among the peppers and filled with a different kind of green: approximately $150,000 in cash. According to the Northwest Herald, a combination of honesty and suspicion as to the source of the funds (and who …
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Permanent link to this article: https://betweenthenumbers.net/2011/09/it-pays-to-eat-your-veggies/
When major entertainment personalities are on top of their game, it is often hard to foresee a time when funds may not be as abundant. When that time comes, one might look back and wonder where all the money went. Or even wonder if they had received all the money they were promised. Unfortunately, the …
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Permanent link to this article: https://betweenthenumbers.net/2011/08/dear-licensees-with-audit-rights-time-is-not-your-friend/
Grammy officials announced in April that the number of Grammy Award categories would be reduced from 109 to 78. This significant cut angered many in the industry and has now spawned a class action lawsuit filed in Manhattan Supreme Court against the National Academy of Recording Arts and Sciences. Specifically, four Latin Jazz musicians are …
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Permanent link to this article: https://betweenthenumbers.net/2011/08/latin-jazz-musicians-sue-grammys/
On March 26, 2011, an Austrian national named Behar Merlaku got the thrill of a lifetime. According to Austrian state broadcaster ORF, Mr. Merlaku was playing the slots at a Bregenz, Austria casino when the machine showed a payout of almost $43 million euros (approximately $62 million dollars). Unfortunately for Mr. Merlaku, his excitement was …
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Permanent link to this article: https://betweenthenumbers.net/2011/08/62-million-slot-win-not-so-fast%e2%80%a6/
Longtime employees are often loyal individuals who enjoy their job. However, this broad generalization may cause employers to elevate the level of trust put in such employees and fail to protect themselves from someone who knows the business so well that they know just how to exploit it. Regardless of the relationship you think you have …
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Permanent link to this article: https://betweenthenumbers.net/2011/08/embezzlement-at-the-house-of-twain/
Massachusetts has taken steps to close a loophole in one of its lottery games called “Cash WinFall”, which had been successfully exploited by a few statistically savvy individuals and groups. The lottery game was first launched in 2004, with the odds of picking all six numbers reported as over 1 in 9 million. However, the rules …
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Permanent link to this article: https://betweenthenumbers.net/2011/08/statistical-skills-rewarded-in-massachusetts-lottery/
The heirs of Jack Kirby, creator/co-creator of the Hulk and many other iconic comic book characters who permeate the movie business such as Iron Man, Spider Man, the Avengers, the X-Men and Thor, have been battling Marvel over the basis for Marvel’s copyright to these characters. The main dispute is as to whether the creation …
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Permanent link to this article: https://betweenthenumbers.net/2011/07/who-owns-the-hulk-the-legal-battle-continues/
America is well known for providing its workers with less vacation time than other industrialized nations. According to a 2009 study by Mercer, more than two dozen industrialized nations require employers to offer at least four weeks of paid vacation to workers. Approximately a quarter of working Americans receive no paid time off. Despite frequent …
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Permanent link to this article: https://betweenthenumbers.net/2011/07/americans-missed-out-on-67-billion-vacation-in-2010/
Another Ponzi scheme has been uncovered. While the perpetrators are not exactly Bernie Madoff, they did manage to bilk over 40 “investors” out of approximately $4 million. As is common with Ponzi schemes, the victims were concentrated within a tight social network which offers the illusion of trust and the insinuation that the members are …
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Permanent link to this article: https://betweenthenumbers.net/2011/07/ponzi-scheme-at-the-local-pta/
Jul 15
Americans missed out on $67 billion vacation in 2010
July 15, 2011
America is well known for providing its workers with less vacation time than other industrialized nations. According to a 2009 study by Mercer, more than two dozen industrialized nations require employers to offer at least four weeks of paid vacation to workers. Approximately a quarter of working Americans receive no paid time off. Despite frequent …
Continue reading