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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... More »

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... More »

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... More »

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.... More »

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... More »

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... More »

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... More »

PayPal Makes Man a Quadrillionaire—by Accident

But Chris Reynolds' good fortune doesn't last long

(Newser) - It's not too often you see the word "quadrillionaire" in a headline. Actually, probably never, considering Chris Reynolds of Media, Penn., was the first man to ever be one—albeit very, very briefly. Reynolds opened his PayPal statement this month to find he had been credited $92,233,... More »

10 Inventors Who Saw No Riches From Their Big Idea

Like the guys behind Post-It Notes...

(Newser) - Despite what you may think, a smash-hit of an invention doesn't necessarily set an inventor up for life. (Witness Doug Englebart , who invented the computer mouse but didn't see a dime from it.) As the BBC points out, there are plenty of others who failed to make... More »

Dow Plummets 266: Market's Worst Day in 5 Months

China's growth rate starts off a bad day

(Newser) - The stock market suffered its worst loss in five months today as China posted lower-than-expected growth and the Boston Marathon bombing added a late wave of anxiety, TheStreet and Wall Street Journal report.The Dow Jones Industrial Average sank 266 points, gold fell by 9.4%, and the S&P... More »

Penny Costs 2 Cents to Make, Mint Stumped on Fix

2 years of testing returns no usable alternative

(Newser) - A penny costs more than two cents and a nickel costs more than 11 cents to make and distribute. The Mint is trying to figure out how to produce coins more cheaply without sparing our change's quality and durability, or altering its size and appearance—and its initial findings... More »

Today's Good Deed Involves a Bus, Old Lady, and $500K

Vienna driver finds bag filled with fortune, hands it over to police

(Newser) - Today's dispatch from the Good People Still Exist Department: When a bus driver in Vienna got to the end of his route, he discovered a bag left behind—that just so happened to contain a small fortune, reports Reuters . "At first I thought it was shopping or medicine,... More »

Congress Could Do Away With the $1 Bill

Would be replaced by coin in money-saving move

(Newser) - In a move that could change the face of strip clubs forever, Congress is considering doing away with the dollar bill. It wouldn't ax the denomination entirely, but would instead replace the bills with the $1 coin, a move that would save taxpayers (who almost universally dislike dollar coins... More »

Happiness Can Bring You ... Money

Those who are happier at 18 tend to make more money at 30: study

(Newser) - As the saying goes, money can't buy you happiness. But it looks like the reverse is true: Researchers have found that those who are happiest as teens end up out-earning their peers by the time they are 30, making about 10% more than the average. But those who were... More »

Bonnie and Clyde's Guns Go for $500K

Guns fetch more than target prices

(Newser) - A fired up bidder purchased the guns Bonnie Parker and Clyde Barrow were packing when they died in a hail of bullets for $504,000. Bonnie's snub-nosed .38 special—found taped to the inside of her thigh where "no gentleman officer" would dare search for it, according to... More »

Surprising Jobs That Earn 6 Figures

Elevator repairmen make the list

(Newser) - It's not just investment bankers, doctors, and the Waltons who earn sizable salaries. Forbes has compiled a list of 20 surprising occupations that pay out more than $100,000, at least for those in the top 10% of their professions. A sampling: More »

6 Walmart Heirs Worth Same as Bottom 41% of US

Their combined worth is $89.5 billion

(Newser) - Who has more money: the six heirs to the Walmart fortune or the bottom 41.5% of all American families put together? Trick question—they're about the same. The Economic Policy Institute calculates that in 2010, six members of the Walton family were together worth $89.5 billion. That... More »

Canada's New Money Melting

'Indestructible' bills can't take the heat

(Newser) - The Canadian dollar is melting. No, it's not sinking in value again, it's physically melting. Canada switched to "indestructible" polymer $50 and $100 bills a few months ago, but it turns out that both are prone to melting and curling in intense heat "like bacon in... More »

State and Local Spending Drops to Lowest in 30 Years

Democrats and Republicans alike slashing budgets

(Newser) - State and local governments have cut back spending to the lowest level in 30 years, according to a USA Today analysis. Both Democrats and Republicans are denying handouts, even with tax revenue going up and powerful interest groups lobbying for funds. Local and state spending dipped 0.8% this year... More »

NYC Restaurant Offers $1K Caviar Pizza

Other toppings include Maine Lobster

(Newser) - Have an extra $1,000 lying around and a craving for a decadent snack? Pop in to Nino's Restaurant in New York City and order the Bellisima Pizza. The luxurious pie, going for a thousand bucks, is smothered with six different types of caviar, reports Yahoo . You'll also... More »

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