money

Culture
1:33 pm
Tue January 4, 2011

Taking a slim shot at $330 million

Mark Newransky, Michigan Lottery winner. The "Mega Millions" jackpot is up to $330 million
Michigan Lottery

10-12-13-35-56 (Power Ball 9)... don't pick those numbers. They didn't win last week, and they're not likely to win in the next one hundred million years.

The "Mega Millions" jackpot has reached $330 million today causing a buying frenzy of tickets. Another set of numbers will be drawn tonight (drawings are held every Tuesday and Friday night at 11 p.m. eastern).

According to Durango Bill (and who doesn't trust Durango Bill?), your chances of winning are around one in 175,711,536.

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Economy
5:31 pm
Tue December 7, 2010

Increase in lending to car buyers with subprime credit

More cars are going to buyers with less-than-stellar credit.
Zelda Richardson

Perhaps another sign that the 'Great Recession' is thawing. Lending to people with a so-so credit score is on the uptick - at least in the car market.

The Associated Press reports "the percentage of loans going to subprime buyers rose 8% in the third quarter, their first year-over-year increase since 2007, according to a report issued Tuesday by Experian, a credit reporting agency."

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Political Money
3:39 pm
Wed November 3, 2010

Out-of-State Political Money

The campaigns for Michigan candidates for Congress drew a lot of money from out of state. 

The price tag for the Congressional campaigns comes in at about $40 million.  Rich Robinson is with the Michigan Campaign Finance Network.  He says the political parties in Washington, unions, and non-profits with anonymous contributors all chipped in.

“Of the $40 million, I’m estimating $16.8 million of that came from outside sources.”

Arts
4:40 pm
Sat October 30, 2010

Soup, salad, & micro-funding

Catherine Hadler

Several Detroit artists have started what they call “an experiment in micro-funding.”  Once a month they host a public dinner that costs five dollars. During the dinner, several local groups pitch ideas for a creative project they’d like to do.  Diners vote on the proposals and at the end of the night the winning project takes home the money raised from dinner.

 

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