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Shelton, WA

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Humidity: 96%
  • Sidewalks To No-Where May Be Going Somewhere!

    sheltoncityA city code requiring sidewalks (infill) for new construction or substantial remodels (50% improvement to existing building value) of a structure anywhere in the city was addressed by Public Works Director Greg Clark and Engineer Mike Michal. The team presented their ideas on how to… Read More +

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  • Chemical Leak At Port Of Olympia Leads To Evacuations

    olyfireA hydrogen peroxide leak in a water treatment plant at the Port of Olympia has led to evacuations at the port and surrounding businesses. KIRO-TV reports police and firefighters set up a quarter-mile evacuation perimeter after the leak happened around 12:15 Wednesday. The Department of Ecology says… Read More +

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  • Lynch's Next Scripted Answer: 'You Know Why I'm Here'

    seahawksparadeA day after giving the same one-sentence response at Super Bowl Media Day, Seattle Seahawks running back Marshawn Lynch had another scripted answer to any questions. Lynch said "you know why I'm here" to every question except one. He stayed for five minutes. He came out to a podium instead of his original assigned spot on Wednesday.

    Read More
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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

  1. Environment
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ghcdem
ghcdem - For Grays Harbor County Storm Assessment information for the January 2015 flooding and landslides please go to : co.grays-harbor.wa.us/info/DEM/Index…

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Seahawks
Seahawks - HOFer @WMoon1 & @MaxUnger60 preview #SB49 on #SeahawksAllAccess at 10:30p PT on @ROOTSPORTS_NW. *NFL Resticts Apply pic.twitter.com/UZqw0mzFKG

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wsdot_tacoma
wsdot_tacoma - Disabled vehicle on SB US 101 near Canal View St at mp 311. Alternating traffic in effect.

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wsdot_tacoma - Cleared: Collision on SB I-5 near Bridgeport Way at mp 126

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