US Home Sales Surge to 10-Year High

U.S. home resales surged to a nearly 10 year high in January.

Wednesday’s report from the National Association of Realtors says existing home sales jumped 3.3 percent to an annual rate of 5.69 million homes.

The report says sales are being hampered by the smaller-than-usual number of homes available for sale.  The real estate industry group also says sales were up 3.8 percent from the same period a year ago.  

Sales growth was stronger than many experts predicted, perhaps because they thought rising prices and interest rates might cool the market a bit.

Economists may get more insight in possible interest rate hikes later Wednesday when Federal Reserve officials publish notes from their most recent policy meeting.  

 

 

 

From: MeNeedIt

Study: Cats Not Linked to Mental Illness

There is some good news for cat lovers. Turns out those reports that people who grew up with cats have a higher risk of mental illness are not true.

Writing in the journal Psychological Medicine, researchers from University College London say a common parasite associated with cats, Toxoplasma Gondii, which is associated with mental health issues, does not cause mental issues in people who grew up around cats.

Lead author Dr. Francesca Solmi said, “The message for cat owners is clear: there is no evidence that cats pose a risk to children’s mental health.”

She said, “Previous studies reporting links between cat ownership and psychosis simply failed to adequately control for other possible explanations.”

Solmi said, “In our study, initial unadjusted analyses suggested a small link between cat ownership and psychotic symptoms at age 13, but this turned out to be due to other factors. Once we controlled for factors such as household overcrowding and socioeconomic status, the data showed that cats were not to blame.”

Researchers say their study of those who grew up around cats is “significantly more reliable” than studies that suggested a link between cat ownership and mental disorders because the subjects were monitored for nearly 20 years, rather than asking people with mental illness to remember details from their childhood, as was the case with studies suggesting a link.

Furthermore, they say those studies were relatively small with “gaps” in the data.

“Our study suggests that cat ownership during pregnancy or in early childhood does not pose a direct risk for later psychotic symptoms,” said senior author James Kirkbride. “However, there is good evidence that T. Gondii exposure during pregnancy can lead to serious birth defects and other health problems in children. As such, we recommend that pregnant women should continue to follow advice not to handle soiled cat litter in case it contains T. Gondii.”

For this study, researchers investigated 5,000 people born in 1991 or 1992 who were part of an 18-year ongoing health study. Data from the study showed whether cats were in the house when the mother was pregnant or had cats while the children were growing up.

From: MeNeedIt

Playwright Who Inspired ‘Moonlight’ Wins PEN Award

The playwright who inspired the Oscar-nominated movie “Moonlight” has won a prize from PEN America, the literary and human rights organization.

 

Tarell Alvin McCraney received an award for best mid-career playwright, PEN announced Wednesday. McCraney’s “In Moonlight Black Boys Look Blue” is the basis for the acclaimed movie drama, which is up for eight nominations at Sunday night’s Academy Awards. McCraney is also known for his acclaimed “The Brother/Sister” trilogy.

 

Suzan-Lori Parks, winner of the Pulitzer Prize for her play “Topdog/Underdog,” received a PEN award for “Master American Dramatist.” Thomas Bradshaw, whose works include “Burning” and “The Bereaved,” was named best emerging playwright.

 

Other honors included the PEN/John Kenneth Galbraith Award for Nonfiction, given to Matthew Desmond for “Evicted: Poverty and Profit in the American City.” The Bosnian-born Aleksandar Hemon won the Jean Stein Grant for Literary Oral History, for “How Did You Get Here?: Tales of Displacement.” Named for the author of “Edie” and other oral histories, the Stein grant is a $10,000 award “for an unpublished literary work of nonfiction that uses oral history to illuminate an event, individual, place or movement.”

 

The PEN/ESPN Award for Literary Sports Writing went to Joe Nocera and Ben Strauss for “Indentured: The Inside Story of the Rebellion Against the NCAA.” British author Helen Oyeyemi’s “What Is Not Yours Is Not Yours” won the PEN Open Book Award for “an exceptional book-length work of literature by an author of color.”

 

“As global and national political discourse turn toward exclusion, PEN America continues to uphold the humanities’ place in fostering coherent dialogue,” the organization’s president, Andrew Solomon, said in a statement. “Many of this year’s honored books explore the social themes that are at the surface of our nation’s consciousness.” A dozen emerging writers received $2,000 prizes for outstanding debut short stories, including Angela Ajayi for “Galina,” Amber Caron for “The Handler” and Emily Chammah for “Tell Me, Please.”

 

From: MeNeedIt

US Treasury Chief Tells IMF He Expects ‘Frank and Candid’ Forex Analysis

U.S. Treasury Secretary Steven Mnuchin told International Monetary Fund Managing Director Christine Lagarde on Tuesday that he expects the IMF to

provide “frank and candid” analysis of exchange rate policies, a Treasury spokesperson said.

In a phone call with Lagarde, the spokesperson said, Mnuchin also “noted the importance that the administration places on boosting economic growth and jobs in the United States, and looked forward to robust IMF economic policy advice on its member countries and tackling global imbalances.”

The conversation on U.S. priorities occurred as officials from the Group of 20 major economies express concern about how the United States will approach multilateral institutions and delicately crafted G-20 language on foreign exchange cooperation, trade and other economic policies.

As President Donald Trump pursues an “America First” agenda aimed at reversing chronic trade deficits with China, Mexico, Germany and other major trading partners, some are concerned his administration could back away from pledges to maintain an open global trading system.

“I believe the Trump administration will try to leverage the IMF and the G-20 to help achieve its external objectives and escalate pressure on China and Germany,” said Domenico Lombardi, a former IMF board official who is now with the Center for International Governance Innovation, a Canadian think tank.

Targeting currency manipulation

Throughout his election campaign, Trump accused China of manipulating its yuan currency to gain an export advantage over the United States. And Trump trade adviser Peter Navarro in late January said Germany was using a “grossly undervalued” euro to do the same. Both countries have large bilateral trade surpluses with the United States.

But IMF officials no longer view the yuan as undervalued, especially since China’s central bank has spent hundreds of billions of dollars to prop up the yuan over the past year to counter capital outflows.

The euro’s value against the dollar is widely viewed as a function of still-weak fundamentals in key eurozone economies and the European Central Bank’s use of negative interest rates at a time when the U.S. Federal Reserve is raising rates.

A ‘constructive discussion’

Mnuchin, who was sworn in as Treasury secretary just a week ago, has yet to lay out his priorities. Before his Senate confirmation, he pledged to work through the IMF, the G-7 and G-20 to address currency manipulation as an unfair trade practice.

But he added in written remarks to senators: “The IMF and other multilateral institutions do not appear to have prevented nations from manipulating the value of their own currencies.”

In the call with Lagarde, the Treasury spokesperson said Mnuchin “underscored his expectation that the IMF provide frank and candid analysis of the exchange rate policies of IMF member countries.”

IMF spokesman Gerry Rice said that Lagarde “had a constructive discussion with Secretary Mnuchin on a wide range of issues of interest to our membership. We look forward to continuing our close and productive engagement with the U.S. authorities.”

US is largest IMF shareholder

The United States is by far the IMF’s largest shareholder, with about 17 percent of its board voting power, enough for an effective veto over many major decisions.

It is unclear how Mnuchin might wield U.S. influence over the IMF on issues such as whether it should commit resources to Europe’s bailout of Greece.

In his written remarks to senators, Mnuchin said the Trump administration will “ensure that U.S. resources placed in international institutions such as the IMF and multilateral development banks are used to promote policies consistent with the objectives of the United States to the greatest extent

possible.”

From: MeNeedIt

Let Your Phone Pay for Your Car’s Fuel

Autonomous automobiles aren’t taking over American highways yet, but automation is becoming a bigger part of the driving experience.

A mobile phone app called Shell allows drivers to pay for a fill-up of gasoline from their in-car touchscreens. No debit or credit cards are involved, so the process will work for drivers who forgot their wallets.

The downside? The app will take care of the payment, but somebody — in most states, the driver — still has to get out and manually insert the fuel pump nozzle into the car’s gas tank.

Here’s how it works, assuming the user already has downloaded the Shell app and connected the mobile phone to the car’s network. The car’s touchscreen will guide the user to the nearest service station (a Shell station, of course, considering the app’s name).

After pulling up to the gas pump, the user enters a PIN code and the gas pump’s number. Payment takes place through ApplePay or PayPal, and a receipt is displayed onscreen and sent by email.

Then comes the hard part: Get out of the car, unlatch the fuel pump hose and insert it in the gas tank.

A couple more caveats about the Shell app:

The app works only on iPhones, not on other brands — although developers say they are working on a version for Android Pay.

The app is available only to owners of certain brands and models of cars — the Jaguar F-PACE, XE and XF, plus Land Rovers — and it works only in Britain. Those two car manufacturers and the Shell company, which collaborated on the app, say it will be rolling out in other global markets later this year.

From: MeNeedIt

Study: Teen Suicide Attempts Fall After Same-sex Marriage Made Legal

Suicide attempts among teens, particularly those who are gay, lesbian and bisexual, declined in states that legalized same-sex marriage, according to a new study.

Writing in the journal JAMA Pediatrics, researchers from Johns Hopkins’ Bloomberg School of Public Health say their study showed that in states that legalized same-sex marriage before the U.S. Supreme Court followed suit saw declines in attempted suicide.

Specifically, the researchers analyzed data from 1999 to 2015 and found a 7 percent reduction in suicide attempts of high school-aged youngsters in 32 states that had already legalized same-sex marriage. Among gays, lesbians and bisexuals, the decrease was 14 percent, researchers say.

Suicide is the second leading cause of death for U.S. teens, but occurs at a higher rate among gay, lesbian and bisexual kids. For example, 29 percent of LGBT teens in the study reported a suicide attempt, compared to just 6 percent among heterosexual teens.

Researchers say the study does not prove a connection between same-sex marriage and suicide as much of the data is self reported; but, they do theorize that perhaps laws that are for gay adults may send a message to teens to feel “more hopeful for the future,” said lead author Julia Raifman, a researcher at Johns Hopkins Bloomberg School of Public Health.

For their study, researchers looked at data from more than 700,000 public high school students who took part in government survey about risky behavior from 1999 to 2015, which is the year same-sex marriage was declared legal by the Supreme Court. Of those, more than 213,000 identified as gay, lesbian or bisexual. Surveys did not ask about students who said they were transgender or queer.

To hone in more on the connection between suicide and gays, lesbians and bisexuals, future researchers will need to account for economic status and religion, among other things, according to the study.

“There is a need for further research to understand the association between sexual minority rights, stigma and sexual minority health,” according to the study.

From: MeNeedIt

Hollywood Actor Jamie Foxx Target of Racial Slur in Croatia

Croatian police have filed disorderly conduct charges against two people who allegedly used a racial slur to insult Hollywood actor Jamie Foxx in a restaurant.

Police said they acted after receiving reports Sunday of “particularly arrogant and rude” insults made against restaurant guests, including “one of the guests on racial grounds.”

The police statement did not name Foxx as the target, but the actor briefly posted comments about the incident on his Instagram profile before deleting them.

Foxx mentioned an offensive racial term among the examples of the vulgar language used.

Police said they are investigating whether to pursue other charges against the men.

Croatia, like other European countries, has seen a rise in far-right sentiments.

Foxx was in Dubrovnik, a resort on the Adriatic Sea, filming Robin Hood: Origins, in which he plays Little John. The Lionsgate retelling of English folklore stars Taron Egerton as the titular thief. Otto Bathurst is directing the action film, also starring Tim Minchin, Eve Hewson, Jamie Dornan and Ben Mendelsohn.

A day after the alleged racial slur, Foxx said on his Instagram profile he has his “mind blown” by the beauty of Dubrovnik.

“I’m out here in Croatia, it’s crazy,” he said.

From: MeNeedIt

School District Teams With Sandy Hook Mom to Teach Empathy

Nelba Marquez-Greene believes the Sandy Hook Elementary School massacre, which killed her 6-year-old daughter, could have been avoided if more had been done years earlier to address the social isolation and mental health problems of the shooter, Adam Lanza.

To help other vulnerable youths, Marquez-Greene, a family therapist, is working with a Connecticut school system on a program to help students connect with one another.

“I want people to remember that Adam, the person who did this, was also once 6 and in a first-grade classroom, and that if we had reached out earlier then maybe this could have changed,” Marquez-Greene said.

Marquez-Greene’s Ana Grace Project foundation, named for her slain daughter, is working with four elementary schools in New Britain, a city just west of Hartford, to teach empathy, combat bullying and help socially isolated children. Her Love Wins campaign, created with a local teacher, builds on the existing curriculum and also brings therapists and interns into the schools to help identify children who need extra help with social skills.

She is one of several people touched by the December 2012 shooting inside Sandy Hook who have become involved in the broader movement to incorporate social and emotional learning in American schools.

Scarlett Lewis, whose son Jesse was among the 20 children killed, was involved in pushing for a 2015 law that allows federal funds to be used by schools for such things as recognizing the early signs of mental illness and crisis-intervention training. She has a foundation that has developed its own social-emotional learning curriculum and is being used on a pilot basis in four schools: Rippowam Middle School in Stamford; Ka’elepulu Elementary School in Kailua, Hawaii; Washington Elementary School in Fayetteville, Arkansas and Mission Achievement and Success Charter School in Albuquerque, New Mexico.

“I believe this is an urgent matter,” Lewis said. “I believe it would have saved my son’s life, as well as the lives of other victims across the United States and reduce bullying.”

In the years before the 20-year-old Lanza carried out the massacre, he spent long stretches of time isolated in his mother’s home and had psychiatric ailments that went without treatment, according to investigators, who never pinpointed a motive for the shooting.

Marquez-Greene connected with the New Britain school district after she received a letter of condolence from Craig Muzzy, a teacher at Chamberlain Elementary School in New Britain.

Marquez-Greene and Muzzy developed the program for city schools. Muzzy already had been taking pointers from the Ana Grace Project’s website, making a reading-comprehension assignment, for example, about a student who moves into the area from a different country, and leading discussions about how to make people feel welcome.

On Valentine’s Day, Muzzy’s students took part in “Friendship Day” activities, which included making bracelets and cards to exchange. Marquez-Greene attended and helped introduce a new student, Jaden Garcia, to Muzzy’s class. She showed students how to get to know him better by asking about his favorite food (pizza), his pets (he has a cat) and his favorite sports (soccer).

Araceli Buchko, 10, made a bracelet for a friend she had made by using similar conversation starters.

“I wanted to try it out and see if they would like me,” she said. “I tried one person and it was good. We found out we had a lot in common, and she became my best friend.”

The charity has set up four Love Wins family resource centers in New Britain, including one at Chamberlain, geared toward developing the social skills of preschoolers.

In addition, it hosts a day of training for all New Britain teachers on issues such as how to deal with a child who may acting out in class because they are dealing with a divorce or a parent in prison.

The New Britain school district spends $48,000 per year to implement the Love Wins campaign in the four elementary schools. That money comes from a federal Safe Schools/Healthy Students grant. The Ana Grace Project and a private nonprofit agency provide another $40,000 per year.

School officials say they believe the Love Wins campaign is helping. They say there are fewer reports of bullying, and fewer office referrals for fights.

“But you really know it’s working when you see the children interacting with one another, when they spontaneously go over to a classmate and say, ‘How are you feeling? You look sad today,’” said Jane Perez, the Chamberlain principal. “You see it in how they work with each other now and collaborate with each other.”

From: MeNeedIt

US Marijuana Industry Anxiously Awaits New AG’s Cannabis Position

From marijuana-laced candy to body lotion infused with marijuana, this controversial plant is becoming a big business in the United States as more states make it mainstream. 

Marijuana, also known as cannabis, is now legal in 28 U.S. states for either medical or recreational use. Of those states, four of them legalized recreational marijuana last November, including California. At a dispensary in Los Angeles, the experience for customers is more similar to a trip to the winery or high-end retail store. 

There are cannabis plants on well-lit display and available for a smell test, as well as other edibles. It’s an effort to dispel pot’s stigma and normalize its use.

“It’s inevitable. Get with it,” said a customer who would only give his first name, Eric. He sees it as an herb with fewer side effects than prescription pain medicine. 

Public opinion about legalization of marijuana has shifted in its favor. The Pew Research Center finds that 57 percent of those polled support the legal use of marijuana compared to 32 percent in 2006.

The cannabis industry is also growing. In 2016, the legalized marijuana business reached close to $7 billion. That number is expected to increase to more than $21 billion in five years, according to Arcview Market Research, which describes cannabis as the “fastest growing industry in the world.” 

State vs. federal laws

Underneath the growing public support and booming industry, federal law still considers marijuana as illegal, even though state law may say otherwise. The administration of former President Barack Obama took a hands-off approach and left it up to the states to govern and prosecute the use of marijuana. 

With the new Trump administration comes uncertainty.

“The marijuana industry is definitely an industry that is in flux and part of it is because of this very complex regulatory landscape. It’s legal at the state level, it’s illegal at the federal level and there are a lot of conflicting laws,” said Daniel Yi, a spokesman for MedMen, a management company for marijuana dispensaries.

“There are areas of law [in] which we have both federal and state laws. When those laws are in direct conflict, the federal law trumps – no pun intended of course – the idea being really the supremacy clause which is a clause in the United States Constitution that makes clear that the federal law is supreme,” said constitutional law and political science expert Martin Adamian at California State University, Los Angeles.

Adamian said even though federal agents can still enforce laws at a state level, federal law does not undo the state law if they conflict, making this a gray area and often confusing to the lay person. Ultimately, it is up to each administration to set enforcement priorities.  The new Trump administration is creating uncertainty among those in the cannabis industry.

“There’s a lot of fear from those involved in the medical marijuana as well as the recreational marijuana industries. There’s a lot of fear about the uncertainty that exists. And so it may be the case that the Trump administration could decide to prosecute individuals on some level for violations of those laws,” said Adamian. 

The new attorney general, Jeff Sessions, has in the past been a critic of marijuana. In a 2016 Senate Drug Caucus hearing, Sessions, then a senator from Alabama, said, “Good people don’t smoke marijuana.”

In his Senate confirmation hearing for attorney general, Sessions was vague when answering a question from Vermont Senator Patrick Leahy.

“Would you use our federal resources to investigate and prosecute sick people who are using marijuana in accordance with their state laws even though it may violate federal law?” questioned Leahy.

“I won’t commit to never enforcing federal law, Senator Leahy, but absolutely it’s a problem of resources for the federal government,” replied Sessions.

“With enough independence and freedom to decide the direction he wants to go, somebody like Jeff Sessions may very well try to enforce federal marijuana laws which could lead to additional raids even within states that have approved marijuana use,” said Adamian.

Some players in the cannabis industry, however, are more hopeful, including Yi.

“If you go by the theory that government follows the will of the people, and the fact that the marijuana industry’s already thriving – It’s already growing and it’s functioning within the bounds of law and is showing it’s a possible industry, I think we feel pretty optimistic about the future.”

Congress is responding to the growing popularity of marijuana. Four members of Congress formed a bipartisan Cannabis Caucus to bridge the disconnect between state and federal government, and capitalize on the growing industry.

From: MeNeedIt

Venezuelan Art Promoter, Journalist Sofia Imber Dies at 92

Sofia Imber, who turned a garage into the Caracas Museum of Contemporary Art and became one of Venezuela’s most influential women journalists, died Monday in the capital. She was 92.

The former director of what was once among Latin America’s most important art galleries succumbed to complications due to old age, her biographer, Diego Arroyo Gil, told The Associated Press.

Imber’s television program Buenos Dias, which she hosted with her second husband from 1969 to 1993, was a landmark of Venezuelan journalism and politics. She became famous for her cutting interviews with global leaders such as former U.S. President Jimmy Carter, Israel’s Simon Peres and the Dalai Lama, as well as with writers like Gabriel Garcia Marquez.

 

Social media was flooded by people lamenting her death. “Good journey, dear Sofia Imber. You gave us art, you gave us culture, you gave us an example of tireless work. That was your best piece,” humorist Eduardo Edo Sanabria said on Twitter.

In 1971, when Venezuelan authorities were looking for a place to display art, Imber famously said: “If you give me a garage, I will turn it into a museum.”

Three years after, she created a foundation to transform an auto parts garage into the first museum of modern art in Venezuela. In less than a decade, it had grown to hold pieces by Pablo Picasso, Henri Matisse, Henry Moore, Fernando Botero and many Venezuelan artists. At one point, it had more than 4,000 works and received more than 15,000 visitors a month.

Laid off by Chavez in 2001

Imber, a critic of the socialist government established by the late President Hugo Chavez, was laid off as the museum’s director by Chavez in 2001. She called her dismissal “one of the most painful moments” of her life.  

“The president forgot or did not want to recognize the courage and the dedication of this wonderful woman,” artist Jesus Soto told AP before his death in 2005.

 

Before being fired as museum director, she created a program to bring paintings and sculpture to suburbs and faraway places. In 1967, she became the first Latin American woman to win UNESCO’s Picasso Medal. She also received awards in Brazil, France, Chile, Colombia, Italy, Mexico and Spain.

“Sofia Imber took contemporary art to the most remote areas of the country,” Soto said.

Born in Soroca, Moldova, then in the former Soviet Union, she arrived in Venezuela in 1930 with her family. She later graduated from Central University of Venezuela.

Lived in Paris, Brussels

 

In 1944, she married Guillermo Meneses and they had four children. Meneses later held diplomatic posts in Paris and Brussels, where the couple met intellectuals and artists like Picasso, Andre Malraux and William Faulkner.

 

The couple divorced in 1964 and she later married journalist Carlos Rangel.

 

In a speech after being let go as director of the Caracas art museum, she said: “I want to be remembered as a worker and tireless woman.”

From: MeNeedIt

Vatican, Rome’s Jews to Hold Unprecedented Joint Art Exhibit

The Vatican and Rome’s Jewish Museum have announced an unprecedented event  — a joint exhibit focusing on the menorah, the candelabra that is the ancient symbol of Judaism.

The exhibit will open May 15 and run through July 23, and will be simultaneously held in St. Peter’s Square and in the museum in Rome’s main synagogue.

The displays will include pieces of artwork and other exhibits from around the world, centering on the importance of the menorah in both Jewish and Christian history and culture.

Officials say the highlight will be tracing the fate of the solid-gold menorah taken by the emperor Titus when Roman soldiers destroyed the Temple of Jerusalem in the year 70 A.D.

Although paintings show the emperor carrying the menorah, it is still unknown exactly what happened to it, and there are numerous accounts of its fate.

But many historians believe it was stolen when the Vandals raided and sacked Rome in 455.

A newly found stone from the Galilee synagogue dating to the first century A.D. will be another highlight of the exhibit.

Ties between the Roman Catholic Church and world Judaism have improved immensely since 1965 when the Vatican repudiated Jewish guilt for the death of Christ.

From: MeNeedIt

3 Men Convicted in $110 million Paris Modern Art Heist

An agile thief nicknamed “Spiderman,” an antiques dealer and an art expert were sentenced to prison Monday and ordered to pay Paris for stealing five masterpieces from the city’s Modern Art Museum worth 104 million euros ($110 million.)

The paintings — by Picasso, Matisse, Modigliani, Braque and Fernand Leger — have not been seen since the dramatic 2010 heist.

The Paris court convicted “Spiderman” Vjeran Tomic of stealing the paintings and sentenced him to eight years in prison. Jean-Michel Corvez, the antiques dealer who orchestrated the theft, was sentenced to seven years.

Sentence ‘particularly severe’

Yonathan Birn, who stored the paintings and told the court he destroyed them out of fear of getting caught, screamed at the judge who sentenced him to six years in prison.

 

His lawyer, Caroline Toby, called Birn’s sentence “particularly severe.”

The court also jointly fined the men an eye-popping 104 million euros for the loss of the paintings, but the verdict did not detail how they might go about raising even a fraction of the fine.

Birn, a 40-year-old expert and dealer in luxury watches, previously told the court he threw the masterpieces in the trash and “made the worst mistake of my existence.”

Masterpieces smuggled out of France

Investigators think the paintings were smuggled out of France, although they were not able to prove that, court documents showed. Birn’s co-defendants testified he was “too smart” to destroy the masterpieces.

Tomic, a thief with 14 previous convictions, said before sentencing that he got a buzz from the May 20, 2010, overnight break-in. He took advantage of failures in the security, alarm and video-surveillance systems to move around the high-ceilinged museum near the Eiffel Tower.

“It’s quite spectacular. There is an adrenaline rush the moment you enter the space,” he said. “The sounds resonate from one side to the other.”

Authorities found climbing gear at his home: gloves, ropes, climbing shoes and suction cups. He removed the glass from a bay window without breaking it and cut the padlock of the metal grid behind it, allowing him to move from one room to another without raising the security alarm.

Tomic was there to steal a painting by Fernand Leger and possibly a Modigliani ordered by Corvez, the 61-year-old antiques dealer who confessed to being a receiver of stolen goods. Tomic said when he came across the Picasso, the Matisse and the Braque paintings, he decided to take them as well.

‘Totally stunned’

Several hours after the headline-making burglary, Tomic said he offered the five paintings to Corvez, who said he was “totally stunned” by them.

Corvez said he initially gave Tomic a plastic bag containing 40,000 euros ($43,000) in small denominations just for the Leger, because he was unsure he would get buyers for the other paintings.

Corvez then became worried about keeping the artworks in his shop after several months and showed them to his friend Birn, who agreed to buy the Modigliani for 80,000 euros ($86,000) and to store the others in his studio. The Modigliani was hidden in a bank safe, he said.

Birn said he panicked when police began investigating. He says one day in May 2011 he retrieved the Modigliani from the safe, returned to his workshop to break the stretcher bars on all the canvasses with fierce kicks and then threw them all into the building’s trash.

From: MeNeedIt