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Megabucks Meltdown Submitted: 10/29/2008
- The nation's financial crisis is causing a dip in one of the optional jackpots offered in Wisconsin's Megabucks lottery game.

The lottery said Tuesday that the annuity option which has a jackpot paid in installments over 29 years will decline for the first time because of a weak bond market.

The lottery funds the annuity option by using ticket revenue to buy conservative, government-backed bonds.

That option had been projected to be worth $8.5 million last Saturday night, but by the time of the drawing, the bond market had changed.

The lottery now estimates the bonds it can buy will onlyn fund an annuity of $8.2 million for Wednesday night's drawing.

The lesser lump-sum cash option relies on ticket revenues and hasn't been affected.



Story By: Associated Press

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 In Other News:
Record High Turnout Expected in Wisconsin Primary Submitted: 09/02/2010

MADISON - A record-high 28 percent turnout is predicted for Wisconsin's primary on Sept. 14.

State elections officials made the estimate on Thursday, citing highly contested statewide races for governor as well as local legislative and congressional contests.

Government Accountability Board Director Kevin Kennedy says there appears to be tremendous interest in this election.

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Fire Destroys Local Garage Submitted: 09/01/2010

TOWN OF CONOVER - Fire destroys a garage in Vilas County.

It happened in the Town of Conover at 3551 North Country Lane.

The Conover Volunteer Fire Department responded to the call around four Wednesday afternoon after the owner noticed fire around his feet while welding in the garage and called 911.

When firefighters arrived the garage was fully engulfed.

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Veteran Reacts to Staff Sgt. West's Death Submitted: 09/01/2010

TOWN OF CONOVER - A local veteran says he feels West's family's pain.

Harold Kressin of Conover is an Army veteran.

Kressin says it's hard to hear about soldiers losing their lives overseas, and it's especially hard when they're from your community.

Harold Kressin, Army Veteran, says, "Everytime a man gets killed or a woman gets killed in service, it's just heart-breaking to me, I cry. Because these people are not going to have the freedoms that we have."

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Conover Soldier Killed Submitted: 09/01/2010

- The Defense Department says a soldier who lived in Conover, was killed in Afghanistan on Monday.

36-year-old Staff Sgt. Matthew West was one of five Fort Carson soldiers killed when their unit was attacked with an improvised bomb.

West's sister, Kristine Willis, tells the Traverse City Record-Eagle that her brother was a 1992 graduate of Gaylord High
School in Michigan.

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Summer Tourism Wrap Up Submitted: 09/01/2010

- Labor Day marks the unofficial end to summer and the wrap up of the summer tourism season.

With the holiday, just a few days away, Newswatch 12 looks at how the Northwoods economy fared this year.

Newswatch 12 spent Wednesday in Minocqua speaking with resort owners and the Minocqua Arbor Vitae Woodruff Area Chamber of Commerce, otherwise known as MAVWACC.

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Thursday, 02 September 2010  04:25 PM

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