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  • 2014 General Election Results Certified

    VOTEFinal Certification in Mason County. Each county certifies results on November 25, 2014. The Secretary of State certifies final results by December 4, 2014.The results posted before certification are unofficial. Voter turnout in Mason County was 59.5%. A total of 20,903 ballots were counted.… Read More +

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  • October Unemployment Rates Released

    UnemployByCountyOct2014Unemployment in Washington State ticked up to 6.0% in October from a rate of 5.7% the month prior. The federal unemployment rate crept down to 5.8%. Thurston County reported a modest 6.3% unemployment rate, which was notably lower than most neighboring counties, which included 8.1% in… Read More +

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  • Huskies Prep For Apple Cup Vs. Washington St

    applecup2014Washington coach Chris Petersen had barely sat down Monday when he started getting peppered with questions about coaching in his first Apple Cup. Petersen at least wanted a moment to recognize what the Huskies accomplished over the weekend, becoming bowl eligible and taking some of the stress out of his first matchup with Washington State.

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What Billionaires Wager During March Madness

b_250_0_16777215_00_images_obgrabber_2014-01_65c8f31dab.jpgiStock/Thinkstock (NEW YORK) -- How much are billionaires Warren Buffett and Cleveland Cavaliers owner Dan Gilbert betting each other during March Madness? Like the fictional and very wealthy Duke brothers' infamous $1 bet in the 1983 film Trading Places, probably nothing at all. "I doubt there's going to be any money wagered," said the spokesman for Gilbert's company, Quicken Loans, adding that the two business executives might have a "goofy prize for fun."

On Tuesday, Quicken Loans announced in a marketing ploy that it is offering $1 billion for a perfect bracket completed through this year's men's college basketball championship tournament, commonly known as March Madness. Buffett's investment company Berkshire Hathaway is offering an additional $2 million in prizes for 20 of the most accurate brackets. The pair plan to fill out their own brackets and have a side bet on the tournament, The New York Times reported.

But just because they are some of the richest people in the country, they aren't going to go squandering it all on the NCAA basketball tournament.

Warren, 83, chairman of Berkshire Hathaway, is worth around $58.5 billion, according to Forbes, and is one of the most philanthropic people in the world. True to his charitable history, his company is donating an additional $1 million to educational non-profits in Detroit and Cleveland. Gilbert, 51, is chairman of online lender Quicken Loans and has owned the Cavaliers since 2005. His net worth is about $3.9 billion, according to Forbes.

"As of right now no brackets have been filled out by Dan or Warren," said a Quicken Loans spokesman. "It was just something fun they were talking about doing around the office in future."

Buffett and Berkshire Hathaway did not respond to a request for comment.

Copyright 2014 ABC News Radio

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