Jackpot! $237,000 Lottery Ticket Sold in Mid-Market Liquor Store

A winning California Lottery ticket worth almost a quarter of a million dollars was sold at a San Francisco liquor store Friday, state lottery officials said today. The ticket worth $237,264 was sold at Civic Center Market, a liquor store on the corner of Ninth and Market streets in the city's Mid-Market neighborhood. It matched all five numbers -- 38, 33, 2, 32 and 35. Fantasy 5 winning numbers are drawn daily, with top ......
By Bay City News Service   2/18/12 1:49 p.m. PST

Former Solyndra Workers Ask Bankruptcy Judge to Block Bonuses

Former employees of the bankrupt Fremont-based solar panel maker Solyndra on Monday asked a federal bankruptcy judge to block $500,000 in bonuses to the company's remaining executives. Solyndra, which abruptly ceased operations Aug. 31 despite having received $528 million in federal loans, had asked the bankruptcy court to allow it to provide 21 senior managers with bonuses averaging $23,000. But the former employees, who have filed a class-action lawsuit against ......
By Aaron Glantz    1/17/12 1:28 p.m. PST

Berkeley Wealth Gap Not Caused by Students

A number of readers contacted me over the weekend to criticize our story, "Bay Area's Biggest Wealth Gap Is in Berkeley." These readers argued that the gap between rich and poor is widest in Berkeley primarily because the city is home to large numbers of students, who, in the words of one reader, are "only temporarily poor." But the inequality, revealed in recently released data from the Census Bureau, is ......
By Aaron Glantz    11/21/11 1:05 p.m. PST

Status Update: Twins Lose Appeal Against Facebook

Cameron and Tyler Winklevoss are sure not to "like" this ruling on Facebook.  A federal appeals court judge ruled against the twins and in favor of Facebook Monday, upholding the 2008 settlement agreement between Facebook co-founder Mark Zuckerberg and the Winklevoss twins, as well as their partner Divya Narendra, who contend Zuckerberg stole the idea for the social networking site from them.  The Winklevii, as they were known in "The ......
By Katharine Mieszkowski    4/11/11 2:37 p.m. PDT

Study: Korean-American Philanthropy on the Rise

Korean-Americans are becoming more engaged in philanthropy, reports AsianWeek. A new study released by the San Francisco-based organization Give2Asia, a leading provider of philanthropy services to Asia, finds that the increase in philanthropic work comes as members of the Korean-American diaspora have become wealthier. But there are significant differences between US-born Koreans and Korean immigrants when it comes to philanthropy, the study found. American-born Koreans, who tend to be wealthier ......
By Andrew Lam, New America Media   3/07/11 2:17 p.m. PST