Archive for June 16, 2022

The Biggest Lottery Win

Posted in uncategorized with tags , on June 16, 2022 by andelino

A lesson for the world’s wealthiest nation.

Alex and Rhoda Toth were struggling. With six kids and little income, it was hard to get by. Then they hit the jackpot, literally, and won $13 million in the lottery. They did not live happily ever after. They filed for bankruptcy, twice. When Alex Toth died in 2008, they were so poor that their only electricity at home came from a car battery. Rhoda later pleaded guilty to tax evasion.

Perhaps the most surprising part of the Toths’ story is how common it is. About 1 in 3 lottery winners spends the winnings on cars, trips, luxuries, friends and drugs—and goes bankrupt.

Read more at “The Biggest Lottery Win—and Loss—of All Time”

Middle East

Posted in uncategorized with tags on June 16, 2022 by andelino

Will the push and pull over energy supply chains result in World War III?

For decades, Russian crude oil has been flowing into a giant refinery in Schwedt, Germany. Now, Germany is seeking alternative sources in the Middle East, with Economics Minister Robert Habeck having spent weeks traveling the region. Can Germany transition away from Russian energy? Will it?

Read more at “Europe and Iran Both Want the Middle East”

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