3 25 15 tidbits johnson v4 issue 13 online by Russ Swart

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by Kathy Wolfe No, Tidbits isn’t bankrupt! But every year, for a multitude of reasons, millions of Americans file for bankruptcy protection. It’s not always Mr. John Q. Public who 1. What multi-billionaire has filed for corporate does this – many times it’s celebrities who bankruptcy four times? “had it Baltimore all” and Colts lost quarterback it, or wealthy 2. What filed business magnates who made poor investment bankruptcy twice? decisions. This week, we’re looking at some well-known people who have filed bankruptcy, sometimes more than once! • In 1989, actress Kim Basinger bought herself a town, Braselton, Georgia for $20 million with plans to develop it. A few years later, after accepting a film role for “Boxing Helena,” she backed out of the movie. The studio promptly sued Basinger for $7 million. Shortly afterReynolds, payingstar the damages, filed for Burt of the box officeshe smash bankruptcy and hit Smokey and theabandoned Bandit, as wellBraselton. as • Singer-songwriter Willie Nelson several other top movies and TV series, made headlines in chain, 1990which when the IRS started up a back restaurant failed. seized his bankfrom accounts and real estate A costly divorce Loni Anderson holdings as security fortroubles, the $16.7 further added to his money and million hein owed unpaid taxes.Once Nelson 1996, hein filed for bankruptcy. one had channeled his highest-paid income into a tax of Hollywood’s actors and shelter that IRS had illegal. #1 atthe the box office fivedeclared years running, his He took the bull foot by the horns and 12,500-square mansion, which hasrecorded pool,album private appropriately beach, boat dock, entitled theater, “The a anew and Tapes: hair salon,Who’ll was foreclosed on when IRS Buy My Memories?” buyer money was willing pay his the $8.9 tonoraise to topay debt, one he million asking price. eventually paid in full. turn the page for more!

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GOING BROKE! (cont'd):

• Unpaid taxes do have a way of catching We have a wide variety of Scrapbooking Supplies, up with you. Just ask actor Nicolas Cage, Tractors, Barn Quilts, Collectables & much more! Burt Reynolds, star of the box office smash who owed the IRS $13 million by the hit Smokey and the Bandit, as well as end of 2009. Cage wasn’t too wise with several other top movies and TV series, his $150 Reese Witherspoon 3/22/76million fortune, purchasing an 4536 Trail Amana, IA 52203 started up 220th a restaurant chain, which• failed. $8 million Princess Eugenie 3/23/90 castle in England, where he (319) 622-6447 • (800) 840-2387 A costly divorce from Loni Anderson never slept one single night, another 3/24/76 w wfurther w added . l e tohhismmoney b otroubles, o k sanda n d g i f t s . c o m Peyton Manning castle in Bavaria, two New Orleans Elton Johnmansions, 3/25/47 a $17 million home in Bel Air, in 1996, he filed for bankruptcy. Once one 1. Wayne Newton "Like you, there are other people who Steven Tyler and3/26/48 a $10 million beach house. of Hollywood’s highest-paid actors and 2. MichaelMalibu Vick enjoy reading Tidbits, just imagine how Mariah Carey 3/27/70 A $7 million 40-acre private island near 3. Merle Haggard #1 at the box office five years running, his placing an ad about your business will Bahamas 4.was Lady Gagathe 3/28/86 Billy Joelfollowed up with a 12,500-square foot mansion, which has gain visibility by so many!" $30 million private 5. Larry Kingjet to visit all his a pool, private beach, boat dock, theater, homes. Nine Rolls Royces were parked and hair salon, was foreclosed on when in his garage next to his Lamborghini no buyer was willing to pay the $8.9 and Ferrari, and 30 motorcycles. When million asking price. Cage got in trouble, he began unloading his real estate, along with his cherished DO NOT PASS UP THIS OPPORTUNITY! Action Comics collection that brought in We currently have full and part time positions a record $2.16 million. Lucky for Cage, he available for Direct Support Professionals in Cedar is still considered a Hollywood star who Rapids, Coralville, Kalona, Washington, and Mount continues to land big roles, although most Vernon. Here is your opportunity to make a positive of his salaries go straight to his creditors. difference and provide support to your area’s family • Formerly a duchess married to Britain’s and friends as these adults reach for independence. Because the average personPrince will throwAndrew, Sarah Ferguson ran up Qualiﬁ ed applicants will possess: 3/22 International Day of the Seal away 600 times his or her$8 adultmillion weight in debt from the time of her •3/23 A genuine desire to help others 1996 divorce until 2011. Ex-husband 1st Quarter 2015 National Puppy Day • High school diploma/equivalent over the their lifetime, it only makes Andrew saved the day by loaning her 3/24 World Tuberculosis Day • Valid driver’s license Weekalso 13 agreed to money,have and her creditors 3/25 Tolkien Reading Day sense to recycle. Most communities • Successful background clearance take a smaller percentage of what was 3/26 Spinach Day • Ability to lift 50 lbs. facilities to recycle aluminum, cardboard, 3/27 8.4 earthquake and tsunami in Alaska, owed to them. The $10 million contract If1964 you are committed to providing a safe &glass, supportive signed as a Weight Watchers paper, plastics, andshe steel, make it to individuals with developmental 3/28environment Barnum & Bailey Day spokesperson may have helped out, too! a priority to conserve our resources and disabilities and want to have fun at work; apply • Musician MC Hammer found out that online at: Jobs.TheMENTORNetwork.comenergy EOE/AA and preserve valuable an landfill overly-lavish lifestyle can backfire. In the early 1990s, Hammer had a net space. Why did the telephone run away from home? worth of more than $33 million. Within It wanted to join a three-ring circus! five years, he had accrued $14 million in debt and filed for bankruptcy. How did that happen? Hammer maintained a 200-person crew that cost him about half a million every 1.month. Donald TrumpHe lived in a $30 million house with a 17-car garage, a 2. Johnny Unitas $10 ALL YOU CAN EAT COD bowling alley, and baseball diamond. He OR SHRIMP BASKET WITH SIDES owned two private helicopters, luxury 5:30-8 pm Each Friday Of Lent cars, airplanes, and a record company. “WE ARE PEOPLE HELPING PEOPLE”

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Signs you’rehas really 1. What multi-billionaire filedbroke: for corporate bankruptcy four times? Express callsbroke: andfiled says: 2. WhatAmerican Baltimore Colts quarterback Signs you’re really bankruptcy twice? “Leave home calls without American Express andit!” says: “Leave home without it!”

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1. Who was listed in the 1983 Guinness Book of World Records as the highest paid entertainer in theInternational world, but filed 3/22 Daybankruptcy of the Sealin 1992, 3/23 National Puppy $20 in debt? Burtmillion Reynolds, star of theDay box office smash 3/24 World Tuberculosis Day Burt of office smash 2. HeReynolds, was the star world’s 4thbox highest-earning thethe Bandit, 3/25hit Smokey Tolkienand Reading Day as well as athlete, who nottop only wentand broke, he hitseveral Smokey and the Bandit, as well as went to 3/26 Spinach Day other movies TV series, 3/27 8.4 earthquake and tsunami in Alaska, prison. Who he?movieschain, several other and TV series, started up isatop restaurant which failed. 1964 3.started Which from Muskogee” wasfailed. $5 million up“Okie adivorce restaurant which 3/28 Barnum & Bailey DayAnderson A costly fromchain, Loni inAdebt when he filed for bankruptcy in 1993? costly divorce Loni Anderson further addedpiano tofrom his man money troubles, and 4.further This famous has gone bankrupt added to his money troubles, and in 1996, filed for$90 bankruptcy. Once isonehe? three timesheheand lost million.Once Who in of 1996, filed for bankruptcy. one Hollywood’s actors and 5. What talk show highest-paid host has declared bankruptHollywood’s highest-paid actors and cyoftwice butbox hasoffice turned finances around #1 at the fivehisyears running, his #1 at the box office five years running, his hosting on CNN? foot mansion, which has 12,500-square

GOING BROKE! (cont'd):

• During his heyday, professional boxer Mike Tyson was bringing down $30 million for a single fight! His career earnings were somewhere between $300 million and $400 million. In 2004, he was $38 million in debt, with $17 1. Who was the 1983 Guinness BookHe million of listed that inowed in back taxes. of World Records as the highest paid entertainer in the$750,000 world, but to filedseven bankruptcy in 1992, owed different law $20 million in debt? firms, and another for limo 2. He was the world’s 4th $300,000 highest-earning athlete, who not only went broke, he went to services. he blamed dishonest prison. WhoAlthough is he? 3. Which “Okie from Muskogee” was $5 million financial advisors, spending habits in debt when he filed forhis bankruptcy in 1993? 4. This famous piano man over has gone bankrupt included mansions, 100 luxury three times and lost $90 million. Who is he? 5. Whatextravagant talk show hostjewelry, has declared bankruptcars, a $2 million cy twice but has turned his finances around hosting on CNN? bathtub, a $410,000 birthday party, and pet Bengal tigers, which cost about $1,500 a day to feed. • How did NFL legend Terrell Owens burn 1. Who washis listed the 1983career Guinness Book through $80inmillion earnings? of World Records as the highest paid entertainPart of it listed canbut be attributed tointhe more 1. Who was infiled the 1983 Guinness Book er in the world, bankruptcy 1992, of World Records as the highest paid entertainthan $50,000 per month inworld childis support $20 million in debt? “The worst bankruptcy in the the er in world, buthas filed 1992, 2. Hethe was thewho world’s 4thbankruptcy highest-earning person lost his enthusiasm.” payments he makes to four indifferent $20 million inH. debt? athlete, who not only went broke, he went to -W. Arnold women, three of whom have filed lawsuits 2. He was theisworld’s 4th highest-earning prison. Who he? athlete, notfrom onlyalso wentcites broke, he$5 went to against him. He unscrupulous 3. Whichwho “Okie Muskogee” was million prison. is he? infinancial debt Who when he filed for bankruptcy in 1993? advisors, who led him into risky 3. Which “Okie from wasbankrupt $5 million 4. Thisestate famous pianoMuskogee” man hasNo gone real investments. matter what in debttimes whenand he filed$90 for bankruptcy inis 1993? three lost million. Who he? 4. This famous piano man has gone bankrupt the reason, it took Owens lessbankruptthan 10 5. What talk show host has declared three times and $90 million. Who is he? cy twice butsquander has lost turned his finances around years to an amount that could 5. What on talkCNN? show host has declared bankrupthosting Reese Witherspoon 3/22/76 himhis comfortably for the cyhave twicesupported but has turned finances around Princess hosting on CNN? remainder of his life. Eugenie 3/23/90 •

Peyton Manning 3/24/76 Not everyoneElton who’s through John gone 3/25/47 bankruptcy orSteven financial Tyler troubles 3/26/48 has Mariah Carey 3/27/70 been a big earner, nor have they all Lady Gaga 3/28/86 lived in our lifetime. President Abraham

Lincoln declared bankruptcy in his 20s after his general store failed. When the store where Abe worked closed down, he “The worst bankruptcy in the world is the saw an opportunity to open his own store, person has lost his “The worst bankruptcy in enthusiasm.” the inventories world is the on buying outwho other stores’ -H. W. Arnold person who has lost his enthusiasm.” credit. After going broke, he repaid all -- H. W. aArnold his creditors, feat that took 17 years. At SIGNS least YOU’RE three GOING otherBROKE U.S. Presidents MORE have filed bankruptcy – Ulysses Because the average person willand throw McDonald’s supplies you with all your kitchen Grant, William McKinley, Thomas condiments. away 600 times hisestate or her adult weight and Jefferson, whose Monticello over theslaves their lifetime, it only makes its 120 were auctioned off to pay You’ve rolled so many pennies, you’ve formed his debt. sense to recycle. Most communities have a psychic bond with Abe Lincoln. facilities to recycle aluminum, cardboard, Reese Witherspoon 3/22/76 Reese Witherspoon 3/22/76 paper, plastics, and steel, make it Longglass, distance companies don’t call you to Princess Eugenie 3/23/90 switch anymore. a priority to conserve resources and Princess Eugenie 3/23/90 Peytonour Manning 3/24/76 and preserve valuable Manning 3/24/76 Youenergy finally clean yourPeyton house, hopinglandfill to3/25/47 find Elton John space. Elton John 3/25/47 change. Steven Tyler 3/26/48 Steven Tyler 3/26/48 Carey 3/27/70 You think of a lotteryMariah ticket as an investment. Mariah Carey 3/27/70 Lady Gaga 3/28/86 Lady Gaga 3/28/86

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bankruptcy four times? 2. What Baltimore Colts quarterback filed bankruptcy twice? Page 4

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GOING BROKE! (cont'd):

• Mark Twain, author of Tom Sawyer and Huckleberry Finn made a series of unwise investments that lost a great deal of money. The most notable was a typesetting machine, a mechanical innovation that was to change the publishing industry. Twain invested $300,000 (about $8.2 million in today’s money) in the invention, but it was prone to breakdowns, and by the time its flaws were corrected, it had been made obsolete by the brand-new Linotype. Some poor decisions at the publishing house he owned further depleted his fortune, along with a large part of his wife’s inheritance. An honest friend and financier advised him to file for bankruptcy, then took charge of the remainder of Twain’s money, while Twain continued writing and lecturing. Although he wasn’t under any legal obligation to pay off all his creditors, Twain paid each in full. • Several successful businessmen found their greatest achievements after their financial difficulties. Prior to founding the Ford Motor Company, Henry Ford had filed bankruptcy after his first internal combustion vehicle, the Quadricycle, failed to generate a profit. He had started the Detroit Automobile Company, but unfortunately, made the mechanics of the automobile his focus, while failing to properly market his creation. At age 40, he started over with $30,000, founding the company that lives on today. Henry Heinz’s first condiment company went bankrupt, but when he started over with his brother and cousin, they introduced tomato ketchup, and today Heinz is a $10 billion company that sells 650 million bottles of ketchup every year. Walt Disney’s first animation company, Laugh-O-Gram Studio, went broke three years before Disney formed the company that exists today. He nearly had to file bankruptcy again in 1937 after he dumped all his money into the making of Snow White and the Seven Dwarfs. Fortunately, the film was a hit, and his finances were secure.

Don’t be a Sucker

The FBI website has a list of scams that are aimed at seniors. Many of these swindles have been going on for years, and the scammers still are finding plenty of victims. Why do they target seniors? Because they think we have money. Because they think we won’t report the crime. Because we were raised to be polite to callers. Here are some examples: * Medicare and insurance fraud: Scammers posing as Medicare representatives call to try to get personal information. Or, even more brazen, they set up fake mobile clinics and entice seniors to provide their Medicare information. * Reverse mortgage scam: Seniors can lose all their home equity to scammers or even be conned into aiding the scammers in stealing equity from a flipped property. Beware reverse mortgages, and don’t sign anything without expert advice. Be wary of investment seminars, even those hosted by churches. * Funeral and cemetery scams: Scammers read the obituaries and pounce on the spouse to try to collect money that the deceased didn’t even owe. Or, shady funeral-home operators will try to pad the bill. * Telemarketing: Seniors make twice the average number of purchases over the phone, so we’re a handy target. Don’t buy anything from anyone who calls you. If you want something, make the call yourself. * Charity scams: Especially after a natural disaster, the scammers are looking for money. If you want to donate to an organization, make the call yourself. Clip this column and share it with your friends the next time you get together. Maybe you’ll keep one potential victim away from the scammers. To read about more senior scams, go online to www.fbi.gov/scams-safety/fraud/seniors. (c) 2015 King Features Synd., Inc.

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INSOLVENCY

* If you have kids between the ages of 9 and 11, you might be interested to learn that nearly half of respondents in a survey believe that is the appropriate age for kids to begin helping vacuum the house.

The 1970s legend Sly Stone once had a Nap * The White first display of todayHouse’s he lives in a van in Los Angeles. A fireworks to celebrate Independence Day occurred in 1797 and was hosted by President John Adams. c) 2015 King Features Synd., Inc.

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TSUNAMIS

This week is Tsunami Awareness Week, so Tidbits is checking out the facts on this deadly phenomenon. • The word “tsunami” comes from the Japanese language, translating “harbor wave.” It’s not really one wave, but rather a series of ocean waves, called a wave train, that sends surges of water to the shore. Because tsunamis might resemble a rapidly rising tide, some refer to them as tidal waves, but this is an inaccurate term because tsunamis are not related to, nor generated by, tides. • Tsunamis are also known as seismic sea waves, because they are most often generated by seismic activity such as earthquakes. Yet this term is also not entirely accurate because other forces can cause the waves, such as landslides, volcanic eruptions, chunks of glaciers breaking off into the ocean, and meteorite impacts. • The first wave of the series is typically not the strongest wave, and people are often deceived that once it has passed, the worst is over. The successive waves get bigger, stronger, and more destructive as they reach the shore. The time between the waves can last anywhere from a few minutes to about two hours. • Tsunamis can travel across the sea at speeds up to 500 mph, nearly as fast as an airplane. They can cross the span of the Pacific Ocean in less than a day. As they hit shallower water near the coast, they may slow down but their height increases. Waves as high as 100 feet are not uncommon. The effects are felt long afterward as the tsunami carries tons of salt which poisons the soil and ground water, contributing to hunger and disease. • The Pacific Ocean’s “Ring of Fire” is an area where tectonic shifts make volcanic eruptions and earthquakes common, generating about 80% of the world’s tsunamis. • The U.S. state at greatest risk for a tsunami is Hawaii, where one occurs every year, with a damaging tsunami occurring every seven years. The island of Hawaii is formed of five volcanoes, including the world’s largest, Mauna Loa. Four other states are at high risk – Alaska, Washington, Oregon, and California. The costliest tsunami to hit the western U.S. and Canada was in 1964 following an 8.4 earthquake in Alaska. The 21-foot waves killed 120 people. • A quake registering 9.5 occurred 100 miles off the coast of Chile in 1960 and within 15 minutes, 80-foot waves hit the coast. Fifteen hours later, the tsunami hit Hawaii, and 22 hours after the quake, the waves struck the coast of Japan – 10,000 miles away from the earthquake’s epicenter. • One of history’s deadliest disasters occurred in 2004 when a 9.0 earthquake in the Indian Ocean released more energy than all of the earthquakes of the last 25 years combined. A portion of the ocean’s floor the size of California heaved upward, creating a tsunami that struck 14 countries, resulting in 290,000 dead or missing. • More recently, a 2011 earthquake in Japan registering 9.0 caused a tsunami that killed nearly 16,000 and created property damage of $300 billion.

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NLONIYCSEV This word means: Bankruptcy, indebtedness

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• French: Chefs know what it means to “french” a food item. It’s a verb that means to cut into thin strips, like, well, french fries. (And yes, that’s how the finger-friendly potato dish took its name.) Green beans are another item commonly prepared in this manner. • Maltese: These tiny spaniels are easy to “The worst bankruptcy in the world is the identify thanks to their long, silky coats. The person who has lostgroups his enthusiasm.” American Kennel Club them with “Toy -- H.other W. Arnold Dogs” like Pugs and Yorkshire Terriers. Feline aficionados also use the term Maltese to describe cats that have a similarly silky, grayblue coat.

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orld is the iasm.”

Save the Date! Saturday, April 25, 2015

NLONIYCSEV

Terry Trueblood Recreation Area Iowa City

This word means: Bankruptcy, indebtedness

oon 3/22/76 e 3/23/90 3/24/76 3/25/47 • Mental illnesses are common, affecting 1 in 4 Wayne Newton adults 1. and 1 in 10 children and youth. 3/26/48 2. Michael Vick • Stigma and the resulting discrimination prevent 3/27/70 many people seeking help and treatment. 3. Merlefrom Haggard and 3/28/86 • With treatment 4. Billy Joel community support, many

Join us at our NAMIWalk as we raise awareness & funds for our no-cost Johnson and Linn County mental health programs: Family Education & Support | Peer Education & Support Speaker’s Bureau | Anti-discrimination & Advocacy

Why We Walk

people with mental illnesses can recover and 5.lives. Larry King lead full

Our Mission

• Knowing there is family and community support makes it easier to share one’s story. Sharing our stories is the most effective way to decrease the stigma surrounding mental illnesses. • We walk to build awareness and to raise the much needed funds necessary to continue offering support, education and advocacy programs at no cost to those in need.

NAMI strives to improve the lives of persons impacted by mental illness. NAMI. Find help. Find hope. www.namiwalks.org

Walking for Mental Health!

What did the mayo say when someone opened the refrigerator door?

MOMENTS IN TIME

1. True or false: The more items you have in How can you tell if an elephant has been in your your fridge, the more efficient it is. The History Channel are footprints in the butter! 2. What is the ideal temperature your * On April 1, 1948, Soviet troopsto keep begin *refrigerator? OnThereApril 5, 1976, Howard Hughes, refrigerator set to? stopping U.S. and British military trains one of the richest men to emerge from 3. 90% of refrigerators in America are one of traveling through thesethe Russian sector the American West, dies while flying two colors. the average lifethe expectancy of a to and from Berlin.4. What Inis June, Soviets from Acapulco to Houston for medical typical refrigerator? began a full-scale blockade of the U.S.- treatment. Hughes’ bizarre behavior grew 5. In 2004, Olaf Diegel invented a pocketBritish-French sectors. Thus sized refrigerator. What is itbegan used for? the worse in his final years, as he became 1. How much of the cold air Blockade, in a fridge escapes Berlin when U.S. aircraft began obsessed with privacy and sometimes when youdropping open the door? supplies into Berlin. worked for days at a stretch in a black2. How many times a day does the average curtained room without sleeping. American open the refrigerator door? Close the door, I’m dressing!

l throw t weight 1st Quarter 2015 makes Week 13 unities have* On April 4, 1968, Martin Luther King cardboard, Jr. is shot to death at a hotel in Memphis, Tennessee. A single shot bythe TVJames “If it weren’tfired for the fact that set and , make it Earl Ray from more than the refrigerator are so farfeet apart, some of us 200 away wouldn’t get The any exercise death at all.” struck King in the neck. of urces and –Joey Adams America’s leading civil-rights advocate andfill sparked a wave of rioting in black communities around the country.

ANSWERS

The world’s largest refrigerator is a 17 mile long (27 km) cryogenic distribution line on the Franco-Swiss border west of Geneva. It was built for use in the LHC tunnel (Large Hadron Collider project), a particle accelerator that enables scientists1.to Donald recreate theTrump 2. Johnny Unitas conditions in the universe just after the Big Bang.

Harry Chapin

* On March 30, 1980, a floating apartment platform for oil workers in the North Sea 235 miles east of Scotland collapses, killing NEENITIS 123 people. No one was expecting that a This word means:This genius also large wave would collapse and capsize the invented an improved design for the platform. refrigerator. (c) 2015 King Features Synd., Inc.

12/7/1942

Mary Queen of Scots 12/8/1542 Clarence Birdseye 12/9/1886 Emily Dickinson 12/10/1830 Teri Garr

12/11/1947

Frank Sinatra

12/12/1915

Mary Todd Lincoln 12/13/1818

HOCUS-FOCUS

Differences: 1. Poster is missing. 2. Gun is moved. 3. Holster is reversed. 4. Bullet belt is missing. 5. Star is missing. 6. Rope is missing.

1. TRUE: The more items you have in your fridge, the more efficientNewton it is. 1. Wayne 2. The ideal temperature for a fridge is 40 f. (4.4 C). 3. 90% of refrigerators 2. Michael Vickin America are either white or The Greek word pheta slice meant turi pheta slice and almond. The Greek word pheta slice meant turi pheta slice and 3. Merle Haggard 4. The average life expectancy of a fridge is 14 years. 5. The pocket-size fridge is used for carrying insulin on 4. Billy Joel trips.

5. Larry King

CONTRACTORS! Homes in the U.S. contain about 44.5 million

GET ORGANIZED of these units serve as secondary units to a e backyard. After blowing his cash on drugs and lavish living, WITH A CONTRACTOR household. If each home replaced its old, llows him use of their shower. inefficient fridgeTOPPER! with a new Energy Star 12/7/1869 Jesse James 1st bank robbery 12/8/1980 John Lennon shot 12/9/2008 Rod Blagojevich arrested for selling Obama’s senate seat 12/10/1817 Mississippi becomes 20th state 12/11/2008 Bernard Madoff arrested for securities fraud 12/12/1911 Delhi replaces Calcutta as the capital of India 12/13/1903 Italo Marcioni patents ice cream cone

fridges that are over 10 years old. Many

certified unit, consumers would save $2 billion a year in utility costs and enough energy to light up 9.2 million homes for a year.

TOPPER

WORLD

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