Powerball winners live modestly, give back to town

CAMDEN POINT, Missouri (Reuters) - Three months after winning half of the biggest Powerball lottery jackpot in U.S. history, Mark Hill still meets friends for morning coffee at a local convenience store.

And that Camaro sports car Hill considered buying with his winnings? He got a pick-up truck instead.

While some lottery winners fritter away their fortunes or meet tragic ends, not much has outwardly changed for Mark and Cindy Hill since they won half of a $587 million Powerball jackpot in November. They netted $136.5 million in a lump-sum payment after taxes.

"They are very conservative people," said Walt Stubbs, a friend and former high school classmate of the Hills. "They are doing some really nice things for the community and they've taken care of their family."

The Hills are giving money to civic projects in Mark Hill's hometown of Camden Point, Missouri, and still live in nearby Dearborn, Missouri, as they did before winning the jackpot.

The Hills will pay for a new Camden Point fire station and ball field and gave the town more than $50,000 to buy land for a new sewage treatment plant that will eventually allow residents to give up individual septic tanks, Mayor Kevin Boydston said.

"I've said all along that these lottery winnings could not have gone to a better couple," Boydston said. "They are giving back to the community, just like they said they would."

Camden Point has fewer than 500 residents and is wedged into hills in a rural area about 30 miles north of Kansas City. Its downtown has a series of mostly empty brick buildings.

Stubbs, chief of the area's volunteer fire department, said the new station is planned to connect directly to main roads, a major improvement on the current fire hall, which does not have quick access to highways.

"It's a situation where if we had to do it ourselves, it would take 25 years," Stubbs said.

The winning couple graduated from North Platte High School in Dearborn and have donated to a scholarship fund at that school.

The Hills, in their early 50s, told reporters at a news conference after winning the lottery they would stay in the area and give a lot of the money away. Mark Hill quit his job as a mechanic. Cindy Hill was out of work at the time.

"I'm real proud of them," said Shirley Hill, Mark Hill's mother. "They have stayed grounded. That's their nature."

WINNING CAN BE A BURDEN

History is replete with lottery winners whose lives have gone sour after becoming rich.

The National Endowment for Financial Education cites research estimating that 70 percent of people who suddenly receive a large sum of money will lose it within a few years.

In 2002, Jack Whittaker - already a millionaire - won $315 million in a lottery in West Virginia. Just four years later he claimed to be broke. Whittaker gave away millions of dollars, but people also stole hundreds of thousands of dollars from him and he lost a granddaughter to a drug overdose.

Last year, Urooj Khan died just two months after winning $1 million in the Illinois lottery, from what initially appeared to be natural causes. Toxicology tests run at a relative's request found cyanide poisoning. Police are now investigating his death as a homicide.

Maintaining a stable life such as the Hills are attempting is difficult, said Don McNay, author of "Life Lessons from the Lottery" who has studied winners of big money for 30 years.

"They are beyond exception," McNay said.

Most ordinary people who come into large sums of money become victims of their own lack of financial savvy or discipline, McNay said. People also come under great pressure from friends, relatives and a host of others wanting money.

Missouri Lottery spokeswoman Susan Goedde said the vast majority of lottery winners from the state were "doing great" and if they were good money managers before, they would be after.

"Circumstances may change, they may not work anymore and they have the freedom to travel," Goedde said. "But if they clipped coupons before winning the lottery, they will do it after winning."

(Editing by David Bailey and David Brunnstrom)

Source: http://news.yahoo.com/missouri-powerball-winners-live-modestly-back-hometown-205813233.html

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Source: http://www.stargazette.com/article/20130223/APHEADS/302230019/1113/

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Sports Kings Talk Show 2.23.13 - Feb 23,2013

On his show, Comedian Rodney Perry covers arts and entertainment, everything from comedy and politics to music and acting, with his signature comedic slant.

MashUp Radio is a 30-minute podcast that discusses the fusion of technology, life, culture and science. Host Peter Biddle, engineer and executive for Intel?s Atom Software, dishes up a thought-provoking discussion.

Joy Keys provides her listeners with insight to improve their lives mentally, physically, monetarily and emotionally. Past guests on the show have included Meshell Nedegeocello, Blair Underwood, in addition to an impressive list of CEOs, humanitarians and authors.

Host Barry Moltz gets small businesses unstuck. He has founded and run small businesses with a great deal of success and failure for more than 15 years. This is a business radio show where he shares all the craziness of small business. It?s that craziness that actually makes it exciting, interesting and totally unpredictable.

The Bottom Line Sports Show is hosted by former NBA stars Penny Hardaway, Charles Oakley, Mateen Cleaves. Tune in to get the inside scoop on what's happening in sports today.

Deepak Chopra Radio provides an online forum for compelling and thought provoking conversations on success, love, sexuality and relationships, well-being and spirituality.

Hits Radio covers basketball, sports culture and entertainment with past guests including Jason Kidd, Robin Lundberg and Chris Herren.

Listeners get an earful on The Halli Casser-Jayne Show, Talk Radio for Fine Minds. Whether it?s the current political cocktail or the latest must-read award-winning book, Halli tackles all topics and likes to stir ? and sometimes shakes ? things up.

Official Internet radio show of forthcoming epic paranormal investigation book by Eric Olsen and "Haunted Housewife" Theresa Argie.

Award-winning World Footprints is a leading voice in socially responsible travel and lifestyle. Hosts Ian & Tonya celebrate culture and heritage and bring a unique voice to the world of travel.

Football Reporters Online is a group of veteran football experts in the fields of coaching, scouting, talent evaluation, and writing/broadcasting/media placement. Combined, the group brings well over 100 years of expertise in sports.

Host John Martin interviews the nation's leading entrepreneurs and small biz experts to educate small business owners on how to be successful. Past guests have included Emeril Lagasse and Guy Kawasaki.

The Movie Geeks share their passion for the art through interviews with the stars of and creative minds behind your favorite flicks and pay tribute to big-screen legends. From James Cameron and Francis Ford Coppola to Ellen Burstyn and Robert Duvall, The Geeks have got'em all.

Sylvia Global presents global conversations pertaining to women, wealth, business, faith and philanthropy. Sylvia has interviewed an eclectic mix from CEOs and musicians to fashion designers and philanthropists including Randolph Duke and Ne-Yo.

Mr. Media host Bob Andelman goes one-on-one with the hottest, most influential minds from the worlds of film, TV, music, comedy, journalism and literature. That means A-listers like Kirk Douglas, Christian Slater, Kathy Ireland, Rick Fox, Chris Hansen and Jackie Collins.

Paula Begoun, best-selling author of Don't Go to the Cosmetics Counter Without Me, separates fact from fiction on achieving a radiant, youthful complexion at any age. She?s regularly joined by health and beauty experts who offer the latest on keeping your skin in tip-top shape.

Source: http://www.blogtalkradio.com/sportskingsnet/2013/02/23/sports-kings-talk-show-22313

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What iPrefs are and why they could make sense for Apple

If you?ve been following the drama surrounding David Einhorn and his firm, Greenlight Capital, then this is all familiar stuff. If not, we?ve got the quick recap for you. A big hedge fund that owns Appel stock wants Apple to stop being so stingy with its cash and give some back to shareholders.

Yes, Apple pays a dividend on common shares, but Einhorn from Greenlight Capital argues that it isn?t enough. He?s probably right since Apple has way more cash than it needs. The business currently holds $137 billion in cash and is generating way more than it pays out in dividends these days. The cash pile is more than 30% of Apple?s market value, a higher ratio than Cisco, Microsoft, or Google (all cash-rich companies).

Einhorn feels that Apple shareholders aren?t seeing the value of all this cash. That?s because if a company holds tons of cash and isn?t paying out the cash (or using the cash), it tends to get discounted by the market. As evidence, he shows the ex-cash price to earnings multiples for several tech stocks. Apple trades at a lower valuation than Microsoft! The insanity of this seems obvious to me. It represents hidden value. Einhorn wants Apple to unlock this value.

One way to do this is just increase the dividend. But Einhorn has another fairly clever way to handle it. At first I didn?t really see the benefit, but I think I understand it better now and thought I?d share my simple explanation here.

Einhorn thinks Apple should consider issuing perpetual preferred stock to all shareholders. These perpetual prefs are something he has coined as being ?iPrefs?, which is just a clever name.

Normally preferred shares have a maturity date. At some point in the future the company would have to buy them back from the shareholder. So a perpetual pref is just a preferred share with no maturity date. It?s an equity instrument that pays a fixed dividend every quarter.

Why is this a neat idea? Because the way these perpetual prefs would be valued is similar to how a perpetuity is valued. It?s a series of cash flows (dividends) with no growth. The value of a perpetuity is equal to the annual cash flow divided by the discount rate. In a very low interest rate environment (like we have today), and with a very low risk of default (because Apple is mega rich), the iPrefs would trade at quite a high price per share relative to the dividend.

Importantly, they also preserve Apple?s cash balance. Because the prefs pay out dividends annually, they leave Apple with nearly all of its cash intact, while still being valued fully in the market. For example, if the iPrefs had a $2 annual dividend and traded at $50 per share (this implies a 4% discount rate), then shareholders would get the extra $50 up front but Apple keeps its cash too. It still pays out cash slowly.

If Apple issued one iPref to shareholders for each common share, it definitely could unlock a lot of value immediately. And by separating the dividend from the common shares, investors could choose for themselves whether to keep the iPrefs (and the income from them), or sell them in the open market and, for example, reinvest in more Apple stock.

Einhorn thinks Apple should start slowly, issuing one $50 iPref for each common share. His firm believes each iPref issued would unlock about $30 of value per share. Apple could eventually issue about 5 iPrefs per common share, unlocking $150 per share. This would be similar to doubling the current dividend, which his firm calculates would unlock only $65 per share (this assumes Apple stock would trade at a 4% yield, but I think it could easily trade at a lower dividend yield)

If Apple gave me this option I?d gladly sell the iPrefs and buy more AAPL common. No question. But I don?t really have a need for the extra dividend income at this point in my life.

It?s worth pointing out that if Apple traded at a lofty price to earnings multiple, people wouldn?t say the value of the company?s cash was being ignored. This idea is only a good idea because of the extremely low interest rate environment combined with the extremely low price to earnings multiple on Apple stock.

I say ?only? ... but that doesn?t take away from the fact that it is actually a good idea despite the ?silly sideshow? lawsuit (Tim Cook?s words) that Einhorn has initiated against Apple.

Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/ArivrrEqkgY/story01.htm

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Race linked to childhood food allergies, not environmental allergies

Public release date: 23-Feb-2013
[ | E-mail | Share ]

Contact: David Olejarz
David.Olejarz@hfhs.org
313-874-4094
Henry Ford Health System

DETROIT Research conducted at Henry Ford Hospital shows that race and possibly genetics play a role in children's sensitivity to developing allergies. Researchers found:

• African-American children were sensitized to at least one food allergen three times more often than Caucasian children.
• African-American children with one allergic parent were sensitized to an environmental allergen twice as often as African-American children without an allergic parent.

The study will be presented Saturday at the American Academy of Allergy, Asthma and Immunology annual meeting,

"Our findings suggest that African Americans may have a gene making them more susceptible to food allergen sensitization or the sensitization is just more prevalent in African American children than white children at age 2," says Haejim Kim, M.D., a Henry Ford allergist and the study's lead author. "More research is needed to further look at the development of allergy."

Sensitization means a person's immune system produces a specific antibody to an allergen. It does not mean the person will experience allergy symptoms.

According to an AAAI study from 2009-2010, an estimated 8 percent of children have a food allergy, and 30 percent of children have multiple food allergies. Peanut is the most prevalent allergen, followed by milk and shellfish. 1The Henry Ford study consisted of a longitudinal birth cohort of 543 children who were interviewed with their parents and examined at a clinical visit at age 2. Data included parental self-report of allergies and self-reported race (African American or white/non-Hispanic). The children were skin-tested for three food allergens egg whites, peanuts and milk and seven environmental allergens.

Key findings:

• 20.1 percent of African-American children were sensitized to an food allergen compared to 6.4 percent in Caucasian children.
• 13.9 percent of African-American children were sensitized to an environmental allergen compared to 11 percent of Caucasian children.
• African-American children with an allergic parent were sensitized to an environmental allergen 2.45 times more often than African-American children without an allergic parent.

###

The study was funded by Henry Ford Hospital and National Institute of Allergy and Infectious Diseases.

---

[ | E-mail | Share ]

?

AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.

Public release date: 23-Feb-2013
[ | E-mail | Share ]

Contact: David Olejarz
David.Olejarz@hfhs.org
313-874-4094
Henry Ford Health System

DETROIT Research conducted at Henry Ford Hospital shows that race and possibly genetics play a role in children's sensitivity to developing allergies. Researchers found:

• African-American children were sensitized to at least one food allergen three times more often than Caucasian children.
• African-American children with one allergic parent were sensitized to an environmental allergen twice as often as African-American children without an allergic parent.

The study will be presented Saturday at the American Academy of Allergy, Asthma and Immunology annual meeting,

"Our findings suggest that African Americans may have a gene making them more susceptible to food allergen sensitization or the sensitization is just more prevalent in African American children than white children at age 2," says Haejim Kim, M.D., a Henry Ford allergist and the study's lead author. "More research is needed to further look at the development of allergy."

Sensitization means a person's immune system produces a specific antibody to an allergen. It does not mean the person will experience allergy symptoms.

According to an AAAI study from 2009-2010, an estimated 8 percent of children have a food allergy, and 30 percent of children have multiple food allergies. Peanut is the most prevalent allergen, followed by milk and shellfish. 1The Henry Ford study consisted of a longitudinal birth cohort of 543 children who were interviewed with their parents and examined at a clinical visit at age 2. Data included parental self-report of allergies and self-reported race (African American or white/non-Hispanic). The children were skin-tested for three food allergens egg whites, peanuts and milk and seven environmental allergens.

Key findings:

• 20.1 percent of African-American children were sensitized to an food allergen compared to 6.4 percent in Caucasian children.
• 13.9 percent of African-American children were sensitized to an environmental allergen compared to 11 percent of Caucasian children.
• African-American children with an allergic parent were sensitized to an environmental allergen 2.45 times more often than African-American children without an allergic parent.

###

The study was funded by Henry Ford Hospital and National Institute of Allergy and Infectious Diseases.

---

[ | E-mail | Share ]

?

AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.

Source: http://www.eurekalert.org/pub_releases/2013-02/hfhs-rlt022013.php

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Secrets Of The 'Breaking Dawn' Arm-Wrestling Scene

Watch exclusive DVD/Blu-ray extra of fan-favorite moment featuring Kristen Stewart, Kellan Lutz.
By Amy Wilkinson, with additional reporting by Kara Warner

Kelland Lutz and Kristen Stewart on the set of "Breaking Dawn - Part 2"
Photo: Summit Entertainment

Source: http://www.mtv.com/news/articles/1702358/breaking-dawn-dvd-feature-arm-wrestling.jhtml

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From Minn. to NC, states brace for winter storm

Near white out conditions, thunder snow and strong winds swept into the Midwest, bringing transportation to a halt in several states. And in the South, a wintry mix of rain, snow and sleet created dangerous icy conditions. The Weather Channel's Mike Seidel reports.

By Erin McClam and Matthew DeLuca, NBC News

A winter storm moved east on Friday after hammering the Great Plains, and more than a dozen states were forecast to be hit in the coming days.

Accidents were reported across the region, with one death: An Oklahoma teenager was killed when his pickup truck skidded across a slushy road.

By evening, more than 14 inches of snow had fallen on the ground in Wichita, Kan., the second-largest on record and the most the city had seen in 50 years.

The Weather Channel said snow totals would be formidable: Up to a foot of snow for Omaha, Neb., 3 to 6 inches of snow and sleet for St. Louis, 8 to 12 inches of snow for Kansas City, Mo., and 3 to 6 inches of snow for Chicago.

Weather.com predicted the storm "will spread eastward into the Great Lakes and Ohio Valley Thursday night into early Friday." Cities including Minneapolis/St. Paul, Milwaukee and Detroit were expected to experience snow.

Sleet and freezing rain were forecast for Friday morning in southern and central Ohio, West Virginia, western Virginia, parts of central and western Pennsylvania and potentially northern North Carolina.

Kansas and Missouri declared states of emergency as plows struggled to keep up with a system dumping as much as 3 inches of snow per hour, and a swath of the country from Ohio to Arkansas prepared for a coating of dangerous ice.

---

Snow will arrive in the Chicago metro area on Friday before traveling to the East Coast where it will develop into rain and sleet across the region and snow in the Boston area. The Weather Channel's Jim Cantore reports from Lincoln, Neb.

?I do want to urge everybody in the state: If you don?t have to travel, don?t,? Kansas Gov. Sam Brownback said. ?Get out a board game, play with the kids, drink a cup of coffee.?

Flights canceled, roads closed
United, Southwest Airlines, AirTran Airways, American Airlines and American Eagle said they had canceled hundreds of flights for Thursday and Friday, and Kansas City International Airport was closed altogether. Chicago's O'Hare International Airport has already canceled more 200 flights scheduled for Friday.

Raymore, Mo., reported more than 10 inches of snow. Topeka, Kan., had 9.2 inches, the most in a day since January 1993. Alva, Okla., had more than a foot on the ground.

Advisories for snow, ice, wind or rain were posted as far south as the Texas Panhandle, as far north as Minnesota and Wisconsin and as far east as the Blue Ridge Mountains of North Carolina.

Authorities closed a 90-mile stretch of Interstate 70, which forms a belt across Kansas and Missouri.

The speed of the snowfall is ?going to be overwhelming even the best snow-clearing capabilities that they have,? meteorologist Tom Niziol said on The Weather Channel. ?If you don?t have anywhere to go, don?t. Please don?t.?

Along the Kansas-Nebraska state line, up to a foot and a half of snow was expected.

The University of Kansas closed for the day, as did schools in Wichita and Oklahoma City.

How bad will the snow be in your neck of the woods? With the latest winter storm front barreling its way across the US, a traffic camera on I-70 in Kansas City, Mo., shows serious snow accumulation in a time-lapse video.

The storm is vast: Earlier this week, it closed roads and stranded cars in California and dusted cactus tops in the Southwest. At a delayed tournament in Arizona, pro golfers threw snowballs at each other and retreated to the clubhouse for hot chocolate.

The same weather system could dump snow on New England for the third weekend in a row, and a stretch of Georgia and the Florida Panhandle could be doused by 7 inches of rain.

At 3 a.m. ET on Friday, weather.com predicted that it appeared "that the best chance for significant snow will be from parts of eastern upstate New York to portions of central and southern New England (away from the southern coast). This could include Boston, Concord, Portland, Worcester, and Albany."

The storm was blamed for at least one death. An 18-year-old was killed Wednesday when his pickup skidded out of control in the slush on an Oklahoma state highway, crossed into oncoming traffic and was hit by a truck.

In Arkansas, a school bus taking kids home in the afternoon slid off a steep, snowy country road and crashed, leaving the driver and three students with minor injuries, Pope County Sheriff Aaron Duval told The Associated Press.

Related:

Full coverage from weather.com

PhotoBlog: Winter whiteout slams central US

This story was originally published on Thu Feb 21, 2013 7:34 AM EST

Source: http://usnews.nbcnews.com/_news/2013/02/21/17042480-from-minnesota-to-north-carolina-and-new-england-states-brace-for-winter-storm?lite

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