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The Two-Way
7:28 am
Fri August 9, 2013

Powerball Jackpot Winners Include 16 N.J. County Workers

Paul White of Ham Lake, Minn., and his partner Kim VanReese. White bought one of the three winning tickets in Wednesday's $448.4 million Powerball lottery. While one-third of the jackpot is about $149.4 million, he's chosen to take his share in a lump sum rather than spread out over many years. That lump sum is $86 million, which after taxes will be about $58 million.
Eric Miller Reuters /Landov

Originally published on Fri August 9, 2013 9:03 am

One of the three tickets that ended up being winners of Wednesday's $448.4 million Powerball jackpot belongs to a group of 16 workers at the Ocean County Vehicle Maintenance Department in New Jersey, according to local news outlets.

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The Two-Way
6:55 am
Fri August 9, 2013

Book News: Barbara Mertz, Mystery Novelist Of Many Names, Dies

Author Barbara Mertz died Thursday morning, Aug. 8, 2013, at her home in Frederick, Maryland.
ASSOCIATED PRESS

The daily lowdown on books, publishing, and the occasional author behaving badly.

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The Two-Way
6:40 am
Fri August 9, 2013

Obama Set For News Conference Friday Afternoon

President Obama at the White House on Thursday.
Kevin Dietsch UPI /Landov

President Obama is set to hold a news conference at the White House on Friday at 3 p.m. ET — his first such formal give-and-take with the press corps since "NSA leaker" Edward Snowden starting spilling secrets about National Security Agency surveillance programs in June.

So we should expect questions about Snowden, spying and civil liberties, as well as strained relations with Russia, the economy and other subjects.

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Parallels
3:08 am
Fri August 9, 2013

Unease In Sprawling Rio Slum Ahead Of Police 'Pacification'

A police officer patrols the rooftop of a school at the Rocinha slum in Rio de Janeiro, Brazil, on Sept. 20, 2012, where a "pacification" anti-crime effort was underway. Rio police are now going to attempt a similar pacification in another huge slum, Mare.
Silvia Izquierdo AP

Originally published on Fri August 9, 2013 12:06 pm

Brazilian police are preparing to occupy one of the deadliest shantytown complexes in Rio de Janeiro, hoping to drive out drug gangs ahead of next year's World Cup and the 2016 Olympics.

It's the latest "pacification" effort in a Rio slum, and the city's new chief of police says he'll need some 1,500 cops to secure this one, called Mare.

Police in the past would typically stage raids, but then withdraw from the dangerous shantytowns, known here as favelas. But under the pacification program, they now set up shop inside the favelas.

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Planet Money
3:07 am
Fri August 9, 2013

Tourre Juror: 'We Saw Goldman As The Bigger Problem'

Fabrice Tourre, outside the courtroom. "We didn't feel any malice toward him," one of the jurors said.
Richard Drew AP

Originally published on Fri August 9, 2013 12:06 pm

Beth Glover was a juror on the trial of former Goldman Sachs trader Fabrice Tourre. When the lawyers were discussing the mortgages tied to the securities at the center of the case, Glover realized that, for all intents and purposes, they were talking about her mortgage.

"When they were looking at the subprime mortgage groupings, I think I would have been in one of those," Glover told me. "I didn't have as great as FICO score at that time."

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