November 5, 2013 |
The saga of 1,500 art works recovered in Munich, with an estimated value of more than $1 billion and possibly stolen by Nazis in the 1930s and 1940s, made big headlines over the weekend. The German publication Focus reported that the 2011 discovey - which included masterpieces by Matisse, Picasso, Klee and Chagal - in the cluttered home of Cornelius Gurlitt, could be the largest stash of Nazi-looted art uncovered since World War II. But the recovered trove is likely just a drop in the bucket of what some call the greatest theft in history. CRITICS' PICKS: What to watch, where to go, what to eat “I've been saying for 10 years this is the tip of the iceberg.
November 3, 2013 |
The day after Halloween, the federal government rolled back food stamp benefits for all 47.6 million people who receive them, officially ending one of the last remaining stimulus efforts left over from President Obama's first months in office - while also making it harder for millions of Americans to get enough to eat. The callousness displayed in cutting vital safety net benefits at a time when millions lack the resources to feed their families adequately...
November 1, 2013 |
Kobe Bryant completed almost one week of in-depth conditioning but declined to provide a targeted return date. He recently said he would need three consecutive weeks of solid conditioning before playing in a game. "This week was a good start. I was able to run and run pretty well," he said Friday before the Lakers faced San Antonio. "I've been able to push pretty hard and the next day, come back, push hard again. The recovery of it has been pretty good this week.
October 30, 2013 |
Kobe Bryant is in the final year of his contract, but he certainly sounds like a player looking to re-sign and finish his career with the Lakers. "I was born a Laker, so I look forward to dying one," Bryant tells Kevin Frazier on Wednesday night's "Connected With .. Kobe Bryant. " In the show scheduled to air on Time Warner Cable SportsNet at 11:00 p.m., upon conclusion of the Lakers at Golden State Warriors broadcast, Bryant talks about his recovery from Achilles' tendon surgery.
October 30, 2013 |
WASHINGTON - The Federal Reserve kept intact its large-scale campaign to stimulate the economy, saying it was awaiting more evidence of sustainable progress in the recovery. Although the Fed's decision Wednesday to hold the line on its monthly $85-billion bond-buying stimulus was widely expected, the central bank's statement revived the idea on Wall Street that policymakers could still make a reduction of the bond purchases by year's end. A first cut in the Fed's stimulus program, which has helped to drive down long-term interest rates, is likely to be small and in itself not a big deal.
October 29, 2013 |
NEW YORK - As Superstorm Sandy roared ashore a year ago, the Atlantic Ocean swelled into the streets of Breezy Point, triggering a conflagration that devoured home after home in this neighborhood perched on a sliver of land on the fringes of New York City. Flames fueled by fierce winds climbed higher than 60 feet, danced on utility wires and turned backyard propane grills and cars' gas tanks into bombs. In a cruel twist of nature, volunteer firefighters in this enclave of Queens scrambled to find hydrants submerged in floodwater.
October 28, 2013 |
Ellis Island, which greeted millions of immigrants to the United States, reopened its museum doors on Monday, a year after the aptly named Superstorm Sandy tore through much of the eastern half of the United States, killing scores of people and destroying tens of billions of dollars in property. More than a million documents, photographs and other artifacts were moved from Ellis Island to safety in Maryland after the storm roared through, creating swells as high as 8 feet that damaged what was the point of entry for immigrants coming mainly from Europe.
October 27, 2013 |
The gig: William D. Fay is group vice president and general manager for the Toyota division of Toyota Motor Sales USA. That puts the 57-year-old in charge of overseeing all sales, marketing and consumer support for the regional sales offices and distributors for both Toyota and its sub-brand Scion. Driving to the basket : Fay didn't think much about cars growing up in West Orange, N.J. He was "more of a sports kid," he said. He played basketball in high school and for Monmouth College, where he graduated with a degree in business administration in 1978.
October 24, 2013 |
We'll be seeing lots more data like these, but the White House Council of Economic Advisers is reporting that the government shutdown took a huge bite out of economic growth--and that the impact will linger. The chart above shows the effect on economic confidence, one of eight daily or weekly economic indicators tracked by the CEA. (The three lines follow three separate surveys, Gallup, Rasmussen and the University of Michigan.) Put briefly, confidence fell off a cliff. That's likely to bleed into the holiday period.
October 22, 2013 |
George Clooney's World War II drama "The Monuments Men" will not arrive in theaters this year as planned because the film's visual effects could not be completed in time, the actor and director said. The tale of a ragtag band of art historians, museum curators and academics racing to rescue paintings and sculptures looted by the Nazis - slated to open Dec. 18 - now will be released by Sony Pictures early next year. "We just didn't have enough time," Clooney said Tuesday by phone from London, where he and producing partner Grant Heslov were to start a 16-hour scoring session with composer Alexandre Desplat and a 110-piece orchestra as part of their race to complete the film.