money

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MYOB on What the Homeless Do With the Money You Give

Be kind, even if you think your financial assistance will be blown on booze, Matt Broomfield writes

(Newser) - Do you hesitate when you come across a homeless person begging in the street? Matt Broomfield says you shouldn't. Instead, he writes in an op-ed for the New Statesman , you should "give your cash directly and unconditionally" to those in need—even if you think they'll blow... More »

Queen's Horses Have Brought in Almost $9M

They have a 16% win percentage over 30 years

(Newser) - In horse racing, a bet on one of Queen Elizabeth II's horses is about as safe a bet as you can make. That's because the queen's steeds have raked in $8.9 million in winnings since 1988, with 451 victories in 2,815 runs for a 16%... More »

Toilet Clogs in Geneva Had Unlikely Source

$120K in 500-euro bills found in 4 toilets in May

(Newser) - Some $120,000 has gone down the drain in Switzerland—literally. Prosecutors say 500-euro bank notes were found stuffed in a toilet serving a vault containing safe deposit boxes at Geneva's USB bank back in May, per Bloomberg . A few days later, per Reuters , 500-euro notes, which "had... More »

The Complex Tale of America's 'Blue-Collar Millionaire'

Percy Ross gave away millions of dollars—but was everything as it seemed?

(Newser) - Percy Ross made his fortune in plastic garbage bags (after some other entrepreneurial endeavors), culminating in the sale of his company, Poly-Tech, for $8 million on July 20, 1969—the same day man walked on the moon. A Longreads story by Jacqui Shine details Ross' "pitch-perfect rags-to-riches tale" as... More »

Found in Vacant Nigerian Apartment: $43M

And then everyone makes the same Nigerian prince joke

(Newser) - Apparently not a Nigerian scam: the $43 million discovered in an empty apartment in Lagos. CTV News cites a Facebook post last week from the country's Economic and Financial Crimes Commission, which revealed the "humongous find" after a whistleblower clued the authorities in that morning on the suspicious... More »

Dad's Lesson in Honesty Costs Him $14K

Jake Bowers says he had the chance to restore someone's faith in humanity

(Newser) - An Ohio man says he was trying to set a good example for his children when he turned in $14,000 he found on the side of the road. Jake Bowers found the money April 8 as he drove his family to a park in Worthington, a Columbus suburb, reports... More »

DHS Has $20M on Hand for $21.6B Wall: Report

It's a little short of what's needed, if estimates are accurate

(Newser) - Administration officials may have to mine the Oval Office couch for loose change in the wake of the latest financial report from the Department of Homeland Security. Per a DHS document Reuters saw, the agency has pored over the "existing funds and resources" President Trump said would be tapped... More »

What CBP Found in Kid's Backpack Was Worth a Lot

Literally $141K in cash, in the backpack and a purse, at US-Mexico border

(Newser) - Maybe they forgot to move a decimal point (or two)? Per Customs and Border Protection rules , travelers going to and from the US can carry as much cash as they want, but they have to declare $10,000 or more. And so the $141,200 that CBP officers in Texas... More »

It's Like Willy Wonka's Golden Ticket, but With UK Bank Notes

Only one of four are left, worth about $60,000

(Newser) - Consumers in the UK are on the hunt for a rare and valuable Willy Wonka-style golden ticket—while the woman who found the third of only four in existence is donating it to charity. It all started when renowned "micro-engraver" Graham Short etched a 5mm-tall image of English author... More »

Student Allegedly Burned Cash Near Homeless Man

'Abhorrent and repugnant,' says Cambridge University group

(Newser) - He wore a white tie and tails, but the actions he's accused of exhibit zero class. The Telegraph reports that Cambridge University student Ronald Coyne, the communications officer of the Cambridge University Conservative Association, was allegedly intoxicated and filmed in formalwear burning a 20-pound note (equal to about $25)... More »

How Donald Trump Cost George Soros $1B

Soros made the wrong call on how stock market would respond after election

(Newser) - George Soros literally bet against Donald Trump after the election and lost. The Wall Street Journal reveals the hedge fund manager and Hillary Clinton supporter misread what the stock market was going to do after the election and said goodbye to almost $1 billion. Soros, who'd already been leery... More »

Trump Didn't End Up Spending $100M on His Campaign

He only made it about two-thirds of the way there

(Newser) - Donald Trump initially said he'd spend up to $1 billion to run for president, then cut that down to $100 million , but per campaign filings Thursday, he only made it about two-thirds of the way there. USA Today reports the total Trump ponied up was $66.1 million, according... More »

Queen Was Only Woman on Canadian Money—Until Now

Viola Desmond, 'Rosa Parks of Canada,' to appear on $10 bill in 2018

(Newser) - Only one woman currently appears on Canadian currency, but Queen Elizabeth II is about to get a partner. Starting in 2018, civil rights pioneer Viola Desmond—aka the "Rosa Parks of Canada"—will have her mug on the country's $10 bill, the Toronto Star reports. The Globe ... More »

John Oliver Is 2016's 'Financial Crusader'

He's champion of the year, according to 'Money'

(Newser) - "Financial crusader" John Oliver is riding a horse made of money on the latest cover of Money as its champion of the year. While Oliver recently joked that he's "wasting HBO’s resources," per Vanity Fair , Money notes he dedicated whole episodes of his third season... More »

He Works at Home Depot—When Not Messing With Venezuela

Gustavo Diaz once tried to overthrow Chavez; now he lives in Alabama

(Newser) - When he's not selling padlocks at Home Depot in Hoover, Ala., 60-year-old Gustavo Diaz is heading what Venezuelan President Nicolas Maduro calls an "economic war" against his country, laid out in full by the Wall Street Journal . Diaz's instrument: his DolarToday.com website, which Venezuela insists posts... More »

India's Shocking Move to Catch Tax Evaders

It's pulling its two largest bank notes from circulation

(Newser) - A surprise announcement out of India Tuesday night is being called by local media a "surgical strike" against currency corruption that's infiltrated the nation, the BBC reports. Per CNNMoney , India Prime Minister Narendra Modi announced that the country's two largest current bank notes—the 500-rupee note and... More »

Canada Makes It Easier to Repay Student Loans

Students won't have to repay debt until they reach a minimum income level

(Newser) - Canada's about to make it a lot easier for low-earning graduates to repay their college debt, Global News reports. A new plan allows those earning less than CAD $25,000 (USD $18,650) per year to defer payment on government loans until they secure a higher-paying job. Almost 750,... More »

You Shouldn't Ignore That Penny on the Ground

Ally Bank promotion is to 'demonstrate the importance of valuing every cent'

(Newser) - Stopping to pick up a stray penny off the ground may not seem worth the effort, yet one bank is trying to change that mindset by placing 100 fake pennies across the country worth $1,000 apiece. Ally Bank says it's hoping to encourage Americans to look for opportunities... More »

What a Woman Did When an ATM Kept Throwing Cash at Her

'It was like something out of a movie': Kristina Edwards, who returned her $380 windfall

(Newser) - The public might not be too happy with Wells Fargo right now, but Wells Fargo has good reason to be happy with one particular member of the public, per the AP . Pennsylvania's Kristina Edwards found herself in an awkward but potentially lucrative situation Sunday morning when one of the... More »

Aussies Want 'All-Time Greatest Bloke' on Currency

That would be the late Steve Irwin

(Newser) - More than 25,000 people have signed a Change.org petition that aims to put the "all time greatest Australian bloke" on the country's currency, the BBC reports. That bloke is the late conservationist Steve Irwin, who died 10 years ago this month. "With a list a... More »

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