A woman who paid $7 (£4) for a box of trinkets at a West Virginia flea market two years ago apparently acquired an original painting by the French impressionist Pierre-Auguste Renoir without knowing it.Much thanks to RJ at the Global Glass Onion and the Ozarker at Conflicted Doomer , and Doug at 3Es News and David at ETF Daily.
The woman considered discarding the painting to salvage its frame, but instead made an appointment to have it evaluated in July by the Potomack Co auction house in Alexandria, Virginia, said its fine arts director Anne Norton Craner.
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USNews: Israel PM hints he will keep pressuring US on Iran
Telegraph: US Ambassador killed in Libya: Barack Obama dispatches US marines to hunt killers - Barack Obama dispatched 50 US marines to Libya to help hunt down the killers of American ambassador Chris Stevens as suspicions grew that the attack was planned and carefully orchestrated.
CNN: U.S. increases embassy security worldwide after Libya attack
USAToday: After attacks in Egypt and Libya, USA asks: Why?
WashingtonPost: In Chicago, Rahm Emanuel is in a showdown against teachers
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MarketWatch: Financial crisis to cost $7.6 trillion by 2018
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Reuters: US House Speaker Boehner says not confident about fiscal cliff
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WashingtonPost: Shares in defense and aerospace giants fall following confirmation of merger talks
Bloomberg: Bernanke Policy Credibility Seen Outlasting His Fed Term
Economix: Behind the Decline in Incomes
Economix: Why Men Drop Out of the Labor Force - As I mentioned on Friday, the share of men who are actively in the labor force is at an all-time low (a trend David Brooks also explored in his column Tuesday). Now Steve Hipple, an economist at the Labor Department, points me to a related paper from the Federal Reserve Bank of Atlanta, which helps explain why. It finds that men typically leave the labor force for reasons systematically different from the reasons that women do. The trends basically boil down to disability versus homemaking
Zerohedge: Inside The Student Loan Debt Bubble
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CNBC: Economy 'In a Deep Hole, Crawling Along': Feldstein
WSJ: Vital Signs Chart: 3.5 Unemployed Per Job Opening
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Global Financial News
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MaxKeiser: BREAKING: ATM’s in Portugal not working
NYT: Integrating Banks Spurs Last-Minute Fears in Europe
Bloomberg: Greece Prepares to Lease 40 Uninhabited Islands to Reduce Debt
Econospeak: Ethnic Stereotyping and Class: Two Ways to Look at the Eurozone Crisis - Hats off to Darian Meacham who says what needs to be said: it is absurd to speak of countries as if they were single individuals (much less “representative agents”) and explain the problems of peripheral Europe on the failings of entire peoples or cultures. In every instance, and not only Greece, the focus of Meacham’s post, the “national” crises of corruption and barriers to initiative can be traced to an elite class that benefits from them. Taxes are automatically deducted from workers’ paychecks, while the rich pay nothing. A tangle of red tape insulates business owners from competition and provides opportunities for insiders to harvest a never-ending flow of bribes. Meacham could have gone on to point out that, if any interest group is blamed in the media, it is labor. The key to progress, we are told, is liberalizing labor markets—removing certifications, restrictions on firing, centralized wage bargaining and so on. What this argument conveniently overlooks as that the most regulated labor markets can be found in the social democratic countries of the north, which nevertheless regularly enjoy trade surpluses. It is not labor that has failed in the deficit countries, but capital.
BlueRidgeNow: Greece suffering "merciless lashing," - president Greece's President Karolos Papoulias urged the country's creditors Tuesday to ease their demands for more austerity, claiming that the country has suffered a "merciless lashing" "I think we have paid enough for our mistakes, and Europe must realize that it needs to help Greece," Papoulias told a delegation of visiting Canadian officials.
ETFDaily: German Court Caves-In To Euro-Zone Hyperinflation
Mish: China's Shadow Banking System Collapses Exposing Numerous Ponzi Schemes; Implosion Reaches Critical Mass
ETFDaily: Gold and Silver Prices: Breakout Time, Not Bubble Time
Mineweb: Will China's rare earths stockpiling stabilize prices?
M 3.1, 79km N of Road Town, British Virgin Islands
MSNBC: New, colorful monkey species discovered - A shy, brightly colored monkey species has been found living in the lush rain forests at the heart of the Democratic Republic of Congo, a find that utterly surprised the researchers who came upon it.
Reuters: Gas glut threatens climate battle-IEA
StarTribune: Federal investigators: Parts of failed pipe in Calif. refinery fire had walls as thin as penny
EnergyBulletin: At edge of Peruvian Andes, tracking impacts of warming
ClimateCentral: ‘Astonishing’ Ice Melt May Lead to More Extreme Winters
DesdemonaDespair: Image of the Day: Satellite view of Siberia wildfires, 11 September 2012
Spiegel: 'Blood Ivory': Brutal Elephant Slaughter Funds African Conflicts
America in Decline
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CNBC: Glenn Beck Is Back on TV
NBC: Cop drags woman, 77, from car after ID refusal
Food and Water
Bloomberg: Asia Risks Water Scarcity Amid Coal-Fired Power Embrace - Bloomberg: Inner Mongolia’s rivers are feeding China’s coal industry, turning grasslands into desert. In India, thousands of farmers have protested diverting water to coal- fired power plants, some committing suicide. The struggle to control the world’s water is intensifying around energy supply.
WSJ: NYC big-soda crackdown plan goes to vote Thursday
BlacklistedNews: US and China Caught Secretly Testing GMO Rice on Children
CattleNetwork: A tour of California beef and dairy operations
Grist: Millennials: The emerging organic majority?
Rodale: The Most Toxic Pesticide You'll Soon Be Eating
Science and Technology
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CosmicLog: Mars rover uses its X-ray vision
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NBCNews: Game community mourns death of American killed in Libya
Medical and Health
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CNN: West Nile cases may have peaked, officials say
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MSNBC: L'Oreal anti-aging creams get FDA warning
Rodale: The Top Natural Treatments for Lyme Disease
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Doomsteading, Gardening, Urban Farming
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Telegraph: Hillsborough: 'absolutely essential' that police are prosecuted
StarTribune: Texas boy kidnapped 8 years ago now seeing parents
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Rawstory: 7-foot-4 Great Dane becomes world’s tallest dog
USAToday: Woman, 73, reports rape in Central Park
Telegraph: France shooting: alleged violent past of son of Alps murder victim
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BlacklistedNews: US Totalitarianism Loses Major Battle As Judge Permanently Blocks NDAA’s Military Detention Provision
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WashingtonPost: Fact-checkers say no to Romney 'apology' claims
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NBC: Timeline: Political fallout from the attack on diplomats in Libya
IBTimes: Who Are The 20 Allegedly Most Corrupt Members Of Congress?
BusinessInsider: The Ten Investments That Made Paul Ryan A Millionaire
DailyFinance: How Barack Obama Made His Fortune
ThinkProgress: Decision Upholding Pennsylvania Voter ID Law Relied On 1869 Case Warning Of ‘Rogues,’ ‘Strumpets,’ and ‘Wandering Arabs’
OverheadBin: Travelers arrested after hiding small primates in underwear at Delhi airport
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