It is truly incredible that the Powerball Lottery tomorrow evening will likely approach $1.5 billion, which testifies to the long odds of winning the prize. The exceptional prize level also testifies to how much money is taken in by states that have lottery games. Early on, most states that enacted lotteries earmarked the revenue for a very good cause: education. But big jackpots raises the question of whether the dollars are really going to our schools.
I checked around and found that yes, many states do allocate the "net" proceeds to education. But not surprisingly, just as many have veered away from the intended cause and either spread the revenue around for not such good causes, otherwise known as pork, or just dumped it into the general revenue bin for state bureaucrats to spend to their hearts content.
I bring this to your attention because this country's educational system is broken, and some states can't even spend lottery dollars for it. According to recent global survey's by the education firm Pearson the US ranked 17th among the top 20 developed countries, only beating Hungary, Slovakia, and Russia.
Education needs to become a top priority, and thus far I haven't heard boo about it from the Democratic or Republican candidates. What a sorry state of affairs. Gotta wrap up now so I can hurry down to buy my Powerball ticket!
Sponsored Job:
THE RELIANT GROUP
Acquisitions Analyst
(SAN FRANCISCO, CA) Position will be responsible for performing detailed financial analysis, underwriting and due diligence on potential multifamily investment opportunities. Candidate will be expected to conduct comprehensive market research and analysis, and compile information for investment committee presentations. (Sponsored Job)
NATIONAL REAL ESTATE ADVISORS
Client Services Analyst
(WASHINGTON, DC) Analyst will be responsible for analyzing investment performance, preparing and tracking historical investment performance for assigned funds and communicating results to Senior Staff and external parties as needed.
ULLICO INC.
Senior Portfolio Analyst
(NEW YORK, NY) Duties include tracking project performance, preparing and analyzing financial projections, and updating internal reporting for existing loans within the real estate portfolio; assisting in the research, underwriting, due diligence, and preparation of investment approval memoranda for new loan commitments.
EMPIRE STATE REALTY TRUST
Marketing Coordinator
(NEW YORK, NY) Coordinator will assist the marketing team in planning and executing marketing programs and attending strategic planning sessions; and coordinate approvals from legal, marketing (brand), and lines of business per requisite protocols as needed for advertising and other content.
DEUTSCHE BANK
Retail Asset Manager
(CHICAGO, IL) Primary role will be to add value to our clients' retail real estate assets by providing best in class asset management services. AM's will be responsible for a portfolio of 10 to 15 retail assets and will be experts in respective property markets.
CUSHMAN & WAKEFIELD
Pricing Director
(CHICAGO, IL) The GOS Pricing Director will partner with Business Development executives on outsourcing pursuits. The pricing director will manage the pricing/estimating development across all service lines, the resulting client profitability, and ensure competitive & tailored outsourcing solution.
CHASE PROPERTIES LTD
Senior Property Accountant
(BEACHWOOD, OH) Senior Property Accountant will be responsible for the day-to-day accounting for a portfolio of the company's retail assets. Position will assist in all accounting initiatives including, but not limited to; general ledger review, budgeting, tenant billing/collections and year-end financial statements for new and existing shopping centers in the Chase Properties portfolio.
LIDL US
Real Estate Development Manager
(PITTSBURGH, PA) Responsibilities include strategic planning, project management, and financial oversight in new build development projects.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
