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By Next Year, Richest 1% to Own More Than Other 99%
By Next Year, Richest 1% to Own More Than Other 99%
new report
Jan 19, 2015 7:47 AM CST

By Next Year, Richest 1% to Own More Than Other 99%

Oxfam calls for 7-point plan to address inequality

(Newser) - The rich really are getting richer—and by 2016, they'll own more than the rest of the world, says a research paper published by anti-poverty charity Oxfam. The paper shows that global wealth owned by the richest 1% jumped from 44% in 2009 to 48% in 2014, putting this...

Lottery Luck Strikes Twice for Maryland Truck Driver

39-year-old dad won $250K in 2005

(Newser) - A Maryland truck driver has won his second lottery in a decade. The 39-year-old—who has remained anonymous—claimed his $2.85 million Multi-Match winnings on Saturday, the Baltimore Sun reports. "It's great to be back," he said. The man apparently pops into stores along his route...

This New Year, Figure Out What You&#39;re Worth
This New Year, Figure Out What You're Worth
OPINION
Dec 29, 2014 12:45 PM CST

This New Year, Figure Out What You're Worth

Michelle Singletary: Your net worth might not be as great as you think it is

(Newser) - The economy is chugging right along , interest is cheap, jobs are there for the taking, and Americans ... have apparently learned nothing from 2008, because with a new year looming, a pair of surveys shows that only about one in three of us are setting financial objectives. And while losing 10...

Hong Kong Money Van Spills $4.5M

Police implore people who stopped to scoop up cash to return it

(Newser) - "They looked like schoolkids who knew they were being naughty" is how one witness described the scene on a Hong Kong roadway to the South China Morning Post . What those dozens of people were doing: scooping up cash scattered in the street after a security van transporting what may...

$100K Found at California Burger King

In a blue backpack, along with a few other items

(Newser) - It may be Thanksgiving week, but for a moment, Altaf Chaus also thought it might be his birthday. An employee at the Burger King he owns called him after finding a blue backpack left in a booth for hours. What happened next: "I open the zipper, I see lots...

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...

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