Word: jackpots
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...jackpot for Powerball, the obsession-inducing multistate lottery, climbed past $250 million last week, few could resist the urge to make all those dollars seem less abstract. What could a quarter billion dollars actually get you? TV and radio news spots gave us a hint: the Chicago Bulls! Breakfast, lunch and dinner at McDonald's for the next 3,500 years! Half as much money as Michael Eisner earned in 1997! We also learned that the odds of winning the grand prize are equal to the odds of getting struck by lightning on 14 occasions in a single year...
With no massive winners since May, when an Illinois couple took home a $195 million jackpot, the purse swelled from an initial $10 million on May 27 to $100 million by July 25 and finally to $295.7 million by last Wednesday's drawing, making the lottery offering the biggest ever in the world...
...will one day become more like Ivana Trump, what's the harm? For the Lucky 13, the decision to play was wise. The dozen and one machinists from Automation Tooling Systems in Westerville, Ohio, have been pooling money for lottery tickets for six years and hit the jackpot last week with the winning numbers 8, 39, 43, 45, 49 and the Powerball 13. With each member having chipped in $10, one Lucky 13er trekked 100 miles over the Indiana line to a Richmond convenience store to buy 130 tickets...
...fortunate bunch, all men, ranging in age from twentysomething to fiftysomething, opted for an upfront lump sum of $161.5 million rather than the jackpot total spread out in payments over 25 years. That entitles each of them to $12.4 million pretax dollars--or the equivalent of a try-harder-next-year Christmas bonus for high-level bankers at Goldman Sachs. All the Lucky 13 remained anonymous, except John Jarrell, a 34-year-old father of three, who told reporters that one of his first purchases will be a Harley-Davidson for his wife that will match...
...UCLA law professor and former public defender Peter Arenella. "Some of them have valuable information; some do not. The Cosby case suggests that under appropriate circumstances such information will be credited." Credit came to So in the form of a check blown up poster-size to look like the jackpot in a Publishers Clearing House commercial. He pledged to donate part of the money to the Ennis William Cosby Foundation. "I'm not an angel," he said. "But I'm not as bad as many people like to think...