Sources: Men Arrested Trying To Repaint Bedford Bike Lane
Giuliani Takes Job As Security Consultant For Rio Olympics
Co-ed Dorm Rooms Coming To Columbia
Couple Lives in City's Smallest Quarters
New Jersey State Senate To Vote On Gay Marriage
- From the Gothamist Newsmap: a missing child on Schermerhorn St in Brooklyn, a school bus MVA on 73rd Ave in Queens and a train job at 110th St and Lexington Ave in Manhattan.
- Recent Mega Millions winner Jimmy Groves will be getting his winnings in installments, not a lump sum, to avoid higher taxes on his newfound $168M.
- If the new schools contract is approved by a vote tonight, Snapple has the opportunity to bring in even more than their first deal with the DOE to put vending machines into city schools.
- Kanye West, fresh off his questionable Video Music Awards appearance, is a musical guest on Jay Leno's new 10 p.m. show tonight—is he Leno's new Hugh Grant?
- Leftover rent-stabilized tenants at the Ace Hotel say that management does not even allow them to go into the lobby.
- Public advocate candidate Eric Gioia took a break from campaigning today because his wife gave birth to their second baby, a little girl. Rosalee Hernandez Gioia is 7 pounds, 10 ounces and, Gioia's campaign tells us, "Unfortunately, due to New York City's arcane election laws, Rosalee won't be able to vote until 2027."
- Before his impressive NFL debut in yesterday's Jet win against Houston, rookie QB Mark Sanchez got a surprise visit and pep talk from Joe Namath, the first time that the the two studs of the shotgun had ever met.
- One NYU grad wants to bring MTV's Laguna Beach to the Big Apple, telling Daily Intel, "I could totally do this. My life is so much more interesting."
- And while nowadays it might take a new Uniqlo opening to start a riot on Astor Place, 160 years ago people were set off by which actor they wanted to see in MacBeth.
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It's the same media that NEVER mentioned Muslims' hatred of Israel as a possible motive for 9/11.
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Kanye on Leno tonight? That should define his show.
That picture is from a Whole Foods Store. If it is the one on 14th Street, it was taken about 10:30PM on a Tuesday.
The lottery winner is saving a minimal amount on taxes by taking it in installments. Either way he'll end up in the highest tax bracket for the vast majority of his income, and with the current federal spending and deficient levels, taxes are bound to increase.
FV = PV * (1+i)^n
not to mention the fact that the value of each installment payment will decrease over time.
But for some people, it's probably the wiser choice. Having so much money all at once can be so overwhelming that the lucky winner burns through it and winds up with little. This way, you spend up to a point and then if you go too far, you have to wait for the next annuity check. For some winners, that means being in clover for at least 20 years, instead of just five or six.
That's what I was going to say - from a pure financial perspective, yes the lump sum is better. But when you're talking about a lottery winner, sometimes giving them all the money at once is the worst thing you can do for them. There are plenty of former lottery winners who blew it all fast.