Smoke billows near a home from the Black Forest Fire on June 12, 2013 north of Colorado Springs, Colorado (© Chris Schneider/Getty Images)
Western wildfires: Who pays?

These more frequent deadly disasters burden government budgets and could mean new fees for homeowners who live in harm's way.

LATEST POSTS

The fraudster says he's making $40 a month -- about the same as Bangladesh garment workers.

By Aimee Picchi May 20, 2013 7:13AM

Bernard Madoff exits federal court in New York City on March 10, 2009 (c) Mario Tama/Getty ImagesBernie Madoff, whose formerly lavish lifestyle included a share in a private jet and houses in Palm Beach, Fla., and France's Cap d'Antibes, is now making wages akin to those earned by Bangladeshi garment workers.


Madoff told CNNMoney's Aaron Smith that he's making $40 a month by performing menial labor in prison. Because his prison phone account was out of money, he had to place a collect call to the publication. 


The convicted swindler is making his meager earnings by taking care of the prison's phone and computer systems. That means Madoff, whose name is now a byword for a grand cheater, is earning about the same amount as garment workers in Bangladesh, as the Huffington Post notes

 

While incompetent bosses like Michael Scott and Andy Bernard typically can’t survive in the workplace, office romances are a very real part of corporate culture.

By Jonathan Berr May 17, 2013 5:36PM
Scene from season 9 of NBC's 'The Office' (copyright Colleen Hayes/NBC/NBCU Photo Bank via Getty Images)

As the curtain closed on NBC's long-running sitcom "The Office" Thursday night, nearly 6 million viewers laughed and cringed for the last time at the exaggerated dysfunction on display at the Scranton, Pa., branch of the fictional paper company Dunder-Mifflin.

 

It was an exaggeration, right? In the real world, inept bosses like Michael Scott and brazen corporate saboteurs like Dwight Schrute would be reined in by the corporate powers that be . . . right?

In theory, at least, the answer is yes.

"Can a Michael Scott survive in today's corporate environment?" asks Bruce Elliott, manager of compensation and benefits at the Society of Human Resource Management, in an interview. "Absolutely not."

 

While the social media network trumpets its 1 billion users, new research indicates about 100 million of them could be dogs, brands or even toasters.

By Aimee Picchi May 17, 2013 4:20PM

Dog using computer (copyright Elizabeth Aldridge/Flickr/Getty Images)While Facebook (FB) is set to mark the one-year anniversary of its IPO, a startling new statistic calls into doubt the accuracy of its claim to more than 1 billion members.


Figures gathered by other companies and analyzed by eMarketer show that the company last year actually had only 889.3 million users who are people. Facebook, though, had claimed 1 billion members in 2012. So what are the other 100 million accounts? 


Well, according to eMarketer, they're mostly pets and brands. Basically, if your friend set up an account for her cat, Facebook's counting Miss Snuggles as a member. 

 

The multistate lottery has a bit of fun on its website. Of course, it's easy to be lighthearted when you're giving away $600 million.

By Kim Peterson May 17, 2013 4:19PM
Sheila Sutton updates the Powerball prize money sign at the Super C convenience store in Lincoln, Neb., Friday, May 17, 2013 (© Nati Harnik/AP Photo)Life is fun when you have $600 million on your hands. Just ask the folks at Powerball.

The lottery has quite a sense of humor on display on its information and its "real letters" pages. The Multi-State Lottery Association gets tons of email -- as much as one per minute on days like Friday when Powerball fever is at its peak -- and so it set out to answer some of the most common player questions.

Here are some of the words of wisdom from the stand-up comedians over at Powerball:

Leave the chickens alone. "Swinging a live chicken above your head while wishing for the future numbers does NOT work," the site notes. "There is no improvement to be had by swinging a dead chicken. Although I have not tested it, swinging a bucket of extra crispy is not likely to work either." This will not be welcome news at Yum Brands' (YUM) KFC. 

Even with the reality talent show's never-ending backstage drama, fans just seem to be losing interest, giving Fox a big problem.

By Jonathan Berr May 17, 2013 3:18PM
American Idol judges speak onstage during the 2013 Winter TCA Tour at Langham Hotel on January 8, 2013 in Pasadena, Calif. (© Frederick M. Brown/Getty Images)Did you catch this week's season finale of "American Idol"? Well, if you didn't watch the big climax to the Fox network's singing competition, you had plenty of company.

Fans just seem to be losing interest in the show despite the never-ending backstage drama. And that's bad news for Fox parent News Corp. (NWS), whose earnings have been hurt by the show's weak ratings.

As The Hollywood Reporter and other outlets have noted, Thursday's conclusion of season 12, with Candice Glover crowned the winner of the singing competition, averaged just a 3.4 rating among viewers ages 18-49, the demographic most targeted by advertisers. That's a 47% drop from last year's final show. In terms of total viewers, a 3.4 rating equals 13.6 million, down from 21.5 million a season ago. This is also the first time that the "Idol" season finale hasn't been seen by at least 20 million viewers. 

Smell-o-vision is finally here with the pizza chain's newest technological experiment in Brazil.

By Kim Peterson May 17, 2013 2:02PM
Credit: PRNewsFoto/Domino's Pizza
Caption: Try Domino's New Handmade Pan Pizza Made From Fresh, Never-Frozen Dough!Domino's (DPZ) is testing a DVD in Brazil that looks and smells like pizza. The idea goes something like this: When people finish watching a movie and remove the DVD disc from the player, Domino's is going to assault their senses with pizza in hopes it leads to sales.

DVDs tend to get hot when they're being played. And so Domino's is stamping discs with heat-sensitive thermal ink and a pizza-scented varnish, Advertising Age reports.

It doesn't sound like the varnish is strong enough to send the smell of pizza wafting across the room. Instead, when someone ejects the DVD disc from a player, the discs smell like pizza. They're also printed with thermal ink to look like mini pizza pies, and feature this message: "Did you enjoy the movie? The next one will be even better with a hot and delicious Domino's Pizza." 
Tags: DPZ

An advocacy group wants to raise $660 million from lots of little guys to keep Tribune's newspapers away from the billionaire Koch brothers.

By Aimee Picchi May 17, 2013 2:00PM

The Los Angeles Times building on June 7, 2012 in Los Angeles, Calif. (© Kevork Djansezian/Getty Images)Crowd sourcing has helped revive the "Veronica Mars" movie and funded countless books, games and music projects. 


Now an advocacy group wants the power of little investors to save the Los Angeles Times from the hands of what it calls "infamous right-wing billionaires."


Those billionaires, Charles and David Koch, are said to be eyeing the Los Angeles Times and Tribune's (TRBAA) other newspapers. The brothers have been called "the 1% at its very worst" and are about as popular with liberals as bratwurst at a vegan restaurant.


Enter the little guys. 


The Other 98%, an advocacy group, is asking people to pitch in as little as $10 to help raise $660 million to buy the Tribune newspaper group and rescue it from the clutches of the Kochs.

 

A new Gallup survey shows more Americans expect to work well into their later years.

By Kim Peterson May 17, 2013 1:12PM
Image: Man counting money (© Flying Colours Ltd/Getty Images/Getty Images)People are working harder and retiring later, according to a new survey from pollster Gallup. U.S. retirees say they stopped working at an average age of 61 -- up from 57 two decades ago.

And younger people who are still working say they have a long road ahead. Gallup asked working Americans when they expect to retire, and the average answer was age 66. That's up from 60 in 1995.

The 2008 recession isn't completely to blame here. The average retirement age began climbing long before then, hitting 60 around 2004. "This shift may reflect more than just a changing economy," Gallup said about the results. "It may also indicate changing norms about the value of work, the composition of the workforce, the decrease in jobs with mandatory retirement ages, and other factors." 

DATA PROVIDERS

Copyright © 2013 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

Trending NOW

What’s this?

About moneyNOW

MoneyNOW brings users smart, original and entertaining takes on the latest business and investing topics that are buzzing on the Web.

MARKET UPDATE

[BRIEFING.COM] Equities ended on their lows with the S&P 500 down 1.4%.

The S&P entered today's session with a week-to-date gain of 1.5% as investors expected reassuring words from today's Federal Open Market Committee Statement.

Stocks traded with slim losses until this afternoon's FOMC Statement and subsequent comments from Chairman Bernanke sent equities and Treasuries to their lows while also providing a significant boost to the dollar.

Today's Statement was ... More

MSN MONEY'S