Dear Powerball Winner: Take Our Advice and Take the Annuity – Josh Barro, The New York Times

“So let us suppose, reader, that you have won Wednesday’s $1.5 billion Powerball jackpot. Congratulations! You have some important decisions to make, such as what ailing magazine to aquire and what congressional seat your spouse should run for. But first, you must choose whether to take the prize as an annuity paid over 30 years, or a lump-sum payment right now.If you’re like who I think you are, you should probably take the annuity.”

Source: Dear Powerball Winner: Take Our Advice and Take the Annuity – The New York Times

Chicago’s Plan to Change Pension Benefits Ruled Unconstitutional- NYT

Hamden, CT,  Hold your breath.

Chicago’s Plan to Change Pension Benefits Ruled Unconstitutional

The ruling by Judge Rita Novak is seen as a setback to Mayor Rahm Emanuel’s efforts to rein in costs, and the city is expected to appeal.

nytimes.com|By MARY WILLIAMS WALSH