Word: ticket
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Dates: during 1990-1999
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Buffett often claims to be uninterested in money, but he has been uneven about sharing it. He gives freely to environmental causes and has a foundation that donates $1 from every concert ticket to grants for nonprofit agencies in the cities where he plays. At the same time, his band, though well paid, has long griped about having no pension plan. Buffett is now creating one for his veteran sidemen...
...midst of all the Powerball hoopla, though, no one seemed to come up with any nifty equations for what thousands of Americans might have done instead of spending hours wallowing on endless lines for $1 Powerball tickets, which are sold in 20 states and Washington. As the sum got larger and larger, so too did the crowds making pilgrimages across state lines to buy a piece of the dream. Sometimes skipping work, the hopeful drove from Los Angeles to Bullhead City, Ariz., from Chicago to Kenosha County, Wis., from Brooklyn and Queens to the posh New York City suburb...
...matter how many players participate, and, consequently, no matter how big the Powerball pot grows, the odds that any one ticket will hold the precise six-figure combination always remains fixed at 80 million to 1. The odds are determined by the number of possible combinations. The only way to increase your own chance of winning is to purchase more than one ticket...
...obsession with the lottery has even come to acquire an actual psychological label, "lottery fantasy syndrome," a term coined by Los Angeles therapist Robert Butterworth to explain the depression that occurs when ticket buyers pin all their hopes on winning, and don't. "It doesn't matter if you spend a dollar or a thousand dollars. You can be hit with lottery-fantasy syndrome as a result of simply buying a ticket and living your dream before it actually occurs," says Butterworth. When people don't win, he explains, "depression and apathy can set in, and life can seem even...
Will MONICA LEWINSKY get big bucks for her story? Many publishing-industry insiders say no. Too many big-ticket books, like DICK MORRIS' $2.5 million memoir, have bombed, and Lewinsky may spill most of her beans in public. On the high side, publisher JUDITH REGAN estimates that Monica's story is worth "maybe as much as a million," while ROBERT GOTTLIEB of the William Morris Agency puts the number in the low six figures. LARRY KIRSHBAUM of Time Warner Trade Publishing is closefisted, saying, "I think we're all bimboed out." The supermarket tabloids are similarly split. The Star...