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A longtime waitress got quite a surprise when she received her tax refund check worth half a million dollars.
Virginia Hopkins, who has worked at Johnny's Downtown Restaurant in Cleveland, Ohio for about 20 years, was supposed to get a check for $754 but instead received the amount of $434,712.
As she realized that amount was far more than she was expected to get back for her job waiting tables, she returned the money.
Surprise: Virginia Hopkins, a longtime waitress, was supposed to get a check for $754 but instead received the amount of $434,712
The waitress quickly realized the amount didn't add up when she opened up the envelope to view her check.
She told ABC News: 'I think I would have to work most of my life to earn that much money.'
The woman worried that cashing the check could lead her to some avoidable trouble.
She joked to WFMY: 'They'll put me in Alactraz,' referring to the well-known California prison.
Back: After Ms Hopkins realized that amount was far more than she was expected to get back for her job waiting tables, she returned the money
The waitress decided to bring her check to her workplace to discuss with employees and patrons how she should go about returning the check.
Ms Hopkins, a grandmother, was unclear on the best way to ensure that the money got returned properly.
Fellow employee Mary Lou Adams told ABC News: 'She was laughing.
Unsure: The waitress (second from left) took the check to the Cleveland, Ohio restaurant she works to ask for ideas on how to return the money properly
'She said, "You'll never believe what I got in the mail."'
After talking it over with people at the restaurant, the grandmother decided to take the check to the local Internal Revenue Service offices in Cleveland.
'Would you believe I had to give them a photo ID to prove it was me before I could give it back? Otherwise they wouldn't even talk to me.'
Send money now! Candidates compete for online cash - The Guardian
DAVID ESPO
AP Special Correspondent= WASHINGTON (AP) — Republican strategist "Karl Rove and his allies have taken the gloves off" in Ohio. Send money to stop them.
No, wait. "Hollywood-liberal-elites are trying to hijack a Senate seat in Missouri." Funds needed now to prevent it.
These aren't letters home from distraught relatives or friends. They are part of a ceaseless competition for campaign cash in the email era, from the race for the White House to Congress and local office.
The stakes are high, measured in the hundreds of millions of dollars every election cycle. Precisely how much is not known, since the Federal Election Commission does not require federal candidates to tally donations raised via email or websites separately from those made in response to traditional mail, phone banks or candidate calls.
In an age of multi-tasking, getting attention fast is critical.
President Barack Obama entered small-dollar donors into a lottery with a chance to have lunch with him last fall. In a follow-up, the prize is dinner with him and former President Bill Clinton.
The idea seems to be catching on. Mitt Romney's campaign is raising funds by giving contributors a chance to be one of four picked to "sit down for a bite to eat" with the Republican presidential contender and his wife, Ann.
Some online appeals include video, like one that Sen. Debbie Stabenow, D-Mich., included of her rival, Pete Hoekstra, saying he favored drilling for oil in the Great Lakes laterally from onshore platforms.
Others seek a signature on an online petition, an act meant to create a sense of empowerment in the signer, and one that leads quickly to a request for funds.
Opponents of the recall of Wisconsin Gov. Scott Walker often send out email requests for money that include a list of names of "Great Patriots" and the amounts they have donated. The hope is that others will join.
"It's like a two-minute elevator pitch," said Taryn Rosenkranz, whose company, New Blue Interactive, works for Democratic candidates and causes. "You don't have very much time before you've lost the reader."
Messages delivered digitally are "faster and more agile than TV, direct mail or phones. You can initiate a fundraising campaign the day a news story hits or something of note occurs in the political environment," said Ben Olson, director of online services for the Republican-aligned firm Arena Communications.
Even preview lines — those short phrases that summarize items in an email inbox — are viewed as critically important. "Nasty, vindictive and liberal to boot!" read one recently, practically begging to be opened. "Exclusive: We want you to be the first to see this," confided another mass email.
Technology lets campaigns know instantly how much money is coming in the door in response to the latest pitch. "A lot of times what you can do is put out two or three different versions and put them out to different demographics and sometimes through different websites," said Steve McMahon, a Democratic political consultant.
Increasingly, campaigns use Facebook and other social media websites to raise money. Erik Nilsson, vice president at the CDMI, a Republican-aligned firm, claims credit on the company's website for showing that online fundraising yields "can be increased by 52 percent by engaging donors through social networks."
In an interview, Nilsson said, "Friends asking friends are more likely to get a donation and when those donations come in ... they come in much higher."
The next frontier may be donation by text message, which is currently banned.
Among the obstacles is a long lag between the time a donation is made and when it is transferred to the campaign by the mobile company. Also, a text donation to a charity, for example, provides a donor's cell phone number, but not name, address and occupation, information the Federal Election Commission requires to ensure a contribution is legal.
Lawyers representing a pair of consulting firms, one allied with each of the two major political parties, have recommended steps to overcome the difficulties and last month asked the FEC to permit donations by texting.
None of the technical considerations is readily apparent to the potential donor, left to sift through competing appeals.
No event or issue, it seems, is too minor to trigger an urgent and/or outraged request for contributions.
The campaign of Sen. Sherrod Brown wants money because Rove and his allies "have taken the gloves off" and are attacking the Ohio Democrat. "If we can't hit the million-dollar goal for our No Fear Fund, we'll get buried before the summer even starts," said a recent email.
Sarah Steelman, a Republican running for the Senate in Missouri, warned recently that Democratic incumbent Claire McCaskill "has a series of liberal celebrities who are funding her campaign ... defeat Hollywood's Third Senator," it says. Photos of Danny DeVito, Susan Sarandon, Kate Capshaw and Steven Spielberg are included, superimposed on the iconic Hollywood sign in the hills of Los Angeles.
In recent days, Florida Democrats claimed they had registered 10 percent more voters than Republicans and pleaded, "Contribute today and help us keep the momentum."
South Carolina Gov. Nikki Haley's political organization emailed supporters about her new book, "Can't Is Not an Option."
"If you donate $50 or more to help me continue our fight, you will receive a limited edition personalized copy," she wrote.
Tommy Thompson, a Republican contender for the Senate in Wisconsin, told his email recipients somewhat breathlessly, "We just received our first shipment of yard signs." Anyone interested in having one could stop by the office. If not, they could join the campaign as a volunteer.
Either way, a $20 donation means "we can keep buying more signs."
How to make money on mobile, in three easy steps - CNET News
Earlier this week, I wrote about how Facebook is in danger from a new kind of social network, one that's born mobile and figures out how to make money on that mobile usage.
I figured, in response to many questions and comments, it was only fair to get a little wonky for a moment about who actually is making money on mobile, or how a site or startup might try a mix of potentially successful strategies in the future. Here are my guesses.
First, the only apps and companies making significant money on mobile right now are making most of that money off in-app purchases. The apps are free, and if you want upgrades like extra jewels, more levels, additional features and so on, you pay small amounts of money over time. Research house IHS speculates that in-app purchasing would generate $5.6 billion in revenue in 2012, up from $970 million in 2011. That number would equal fully 64 percent of app revenue.
And in-app purchases can take all kinds of forms: it doesn't just have to be buying extra jewels in Bejeweled 2 or the Mighty Eagle to get you out of your Angry Birds jam. It's a popular option in photo filter apps, fitness apps like Skimble are trying it for additional workouts, and the model works fine for subscriptions, as well.
Amazon just started testing in-app purchasing, and while it appears that only 2 percent of Android apps offer in-app buying, that really just means it's kind of an untapped market. It's a proven winner, too: 72 percent of revenue from App Store titles on iOS come from apps with in-app purchasing.
So, that's one obvious mixer in the money-making cocktail we're creating here.
The next is retail and leads: a company gets paid because users click on coupons, take advantage of a local deal, or buy things that are aggregated on a mobile site or app. I know Groupon's current stock price would seem to indicate that local deals are a dead end, but I've never seen a busier cul-de-sac. There's still something to the idea of local offers -- maybe not local deals that feel a little off, somehow, but to the concept of letting you know what's around you when you've got your nose glued to your smartphone while you're walking.
Plus, there are in-app commerce opportunities galore. Apps like Karma, which we profiled at South by Southwest, have a simple premise: aggregate products, make it super easy and social for you to buy gifts for people, and then get paid every time you buy one of said gifts. (Why Facebook, for example, doesn't have gift-giving integrated all on its own is just beyond me.)Start imagining a fun, easy-to-use app that's social, offers in-app upgrades, and lets you buy really great curated items either as gifts or based on your interest and location...and you start feeling like you've got a winner on your hands.
Then, of course, you've got the booze in the shaker: ads. Advertising is still the biggest moneymaker in mobile -- it's just had a slow takeoff. You can't blame Facebook entirely for not making any money on mobile (although they should have seen the mobile shift coming and made some alternate plans). Mobile advertising accounts for just 29 percent of mobile revenues because advertisers have been slow to jump in the pool. That means, as Mary Meeker pointed out this week at All Things D, that there is massive growth potential in mobile advertising.
Right now, advertisers are concerned that maybe mobile ad tracking isn't as detailed as Web tracking; publishers are figuring out how one ad in an app or on a mobile Web site can make up for five or 10 ads on a full-sized Web page; everyone is trying to figure out mobile CPMs and targeting that isn't too creepy and how to work with ad networks that can sometimes be more trouble than they're worth.
But as I said earlier this week, these issues will sort themselves out, especially as advertisers and publishers start to see how much money is really on the table. Maybe that money will come in smaller increments, and it will take a creative combination of money-making strategies. But it'll happen; only question is who will get the proportions right first.
Money is flying out of Spain - International Business Times
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Spain's Economy Minister Luis de Guindos said the data was more a reflection of the troubles of the banking sector to fund itself externally than deposits flying abroad.
The capital flight data predates the nationalization of Spain's fourth biggest lender Bankia (MC:BKIA) in May when it became clear the bank could not handle losses from bad real estate investments, compounded by a recession.
Spain's center-right government has contracted independent auditors to assess the health of its financial system in an effort to restore faith in its banks.
The prospect that Spain might not be able to handle losses at its banks has hammered shares and the Euro, although both regained some stability Thursday.
Mr. De Guindos said that the future of the euro would be at stake in the next few weeks in Spain and Italy, adding that the rumors that Spain was negotiating financial assistance with the International Monetary Fund were "complete nonsense."
"The battle of the Euro is being fought right now in Spain and Italy," he said at an event in the north-eastern region of Catalonia.
He also said Germany should help correct imbalances in the euro zone created by a loose monetary policy over the last 10 yrs, and by the non-respect by Berlin of the stability and growth pact in Y 2003.
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
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