April 1, 2012 |
What's more unfashionable than paying in cash? Not much. But the advantages in many situations outweigh the hassle of counting your change. Not for convenience. In an age when some banks let you pick your own photo or logo to put on your credit card, some people see using cash as a throwback, says this article at Investopedia.com. Indeed, it says, the convenience of plastic is not what you're after when you choose to use green-backs. Still, if overspending is your problem, paying cash is one of the few ways to to finish a month without having increased your debt load.
May 28, 2012 |
The cash was bundled in rubber bands and stuffed in two plastic bags found in the backpack of a 75-year-old man who dropped dead after stepping off a train in Manhattan's busy Pennsylvania Station one day last summer. Ten months later, authorities are still trying to unravel the mystery of the money - $179,980 - and the hapless courier, one William "Billy" Coyman, a retired Teamster with a checkered criminal past that included ties to the mob and the drug underworld. Federal authorities, who have seized the cash, are not saying much about the case.
July 19, 2014 |
WASHINGTON - Republicans are routing Democrats when it comes to raising money in the four most competitive House races in the Philadelphia region. The Republicans in those contests have more than three times as much cash on hand as the Democrats: $5.36 million to $1.64 million as of June 30, according to campaign filings released this week. In three of the four races, the Republican candidates raised at least twice as much in the latest reporting period as their Democratic rivals.
May 11, 2013 |
NEW YORK - A gang of cyber-criminals stole $45 million in a matter of hours by hacking their way into a database of prepaid debit cards and then fanning out around the globe to drain cash machines, federal prosecutors said Thursday. Brooklyn U.S. Attorney Loretta Lynch called it "a massive 21st-century bank heist" and compared its size to the Lufthansa heist in the late 1970s immortalized in the film Goodfellas . Lynch said the fraudsters had moved with astounding speed to loot financial institutions around the world.
November 18, 2011 |
NEW YORK - Hardly a day goes by without some politician or pundit pointing out that companies are hoarding cash - roughly $3 trillion of it. If only they would spend it, the thinking goes, the economy might get better. But the story is not as simple as that. Although it seems to have escaped nearly everyone's notice, companies have piled up even more debt lately than they have cash. Financial experts say it makes companies more vulnerable than they look. "The record cash story is bull-market baloney," says David Stockman, a former U.S. budget director.
March 6, 2012 |
The biggest cash prize in U.S. lottery history was awarded today to Louisa White, 81, of Newport, R.I. The advertised annuity - $336.4 million - was staggering, but not a record-setter. Five annuities were bigger, including two in Powerball. But the $210 million cash prize beats all the competition, topping a record set in March 2011 by a New York winner in Mega Millions. Mega Millions has produced two bigger cash jackpots, but each was split. The corresponding cash has been higher in recent years because of low interest rates.
June 9, 2013
After reading about the cash hoards being amassed by Apple Inc. and some other U.S. corporations, I spent some time perusing the balance sheets of the Philly 50. I'd naturally assumed that Comcast Corp., the region's most valuable company, would have the biggest amount of cash and cash equivalents as of March 31. And naturally, I was wrong. DuPont Co. was sitting on $6.58 billion in cash at the end of the first quarter, up $2.27 billion from the end of 2012. Comcast reported cash of $1.84 billion as of March 31, down $9.11 billion from the end of the year.
August 16, 2012
Powerball's already giant jackpot just got richer, enough to leapfrog the old cash record, set this year. The new fortune up for grabs Wednesday: $320 million for the annuity (up $15 million from Monday), $213.3 for the cash (up $10 million). The only larger Powerball annuity in the last six years was $336.4 million in February. A Rhode Island woman who had the single winning ticket instead took the game's new record for cash: $210 million. Less taxes, of course. If this one rolls over, expect a new Powerball record, possibly shattering the $365 million annuity hit by eight Nebraska food-plant workers in February 2006.
August 15, 2012 |
Powerball's already giant jackpot just got richer, enough to leapfrog the old cash record, just set in this year. The new fortune up for grabs on Wednesday night: $320 million for the annuity (up $15 million from Monday), $213.3 for the cash (up $10 million). Not because of a drawing. Because of soaring sales. It also helps that the competition, Mega Millions, is offering a relatively puny $36 million, $27 million cash, for tonight's drawing. The only larger Powerball annuity in the last six years was $336.4 million in February.
March 14, 2011 |
Police are investigating a home invasion robbery in Mayfair today during which the thieves made off with cash, a diamond tennis bracelet and a pistol. Police said a 31-year-old man opened the door to his home about 10:20 a.m. to find an acquaintance who apparently had been beaten accompanied by three other men who were masked and armed. The homeowner's 4-year-old daughter and 11-month-old son also were in the house on the 3400 block of Friendship Street in Mayfair, police said.