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A struggling Chinese artist faked dozens of paintings as part of an elaborate $80 million New York art fraud, according to prosecutors.

Pei-Shen Qian is said to have created the works for Glafira Rosales, a dealer who sold them to galleries as genuine newly-discovered masterpieces by modernists such as Jackson Pollock and Mark Rothko.

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checkout Frecciarossa, Europe’s fastest train with service beginning in 2015

source: Bloomberg

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1: Gisele Bündchen  $42 million

2: Miranda Kerr  $7.2 million

3: Adriana Lima  $6 million

4: Kate Moss  $5.7 million

5: Liu Wen  $4.3 million

6: Hilary Rhoda  $4 million

7: Carolyn Murphy  $3.6 million

8: Joan Smalls  $3.5 million

9: Candice Swanepoel  $3.3 million

10: Lara Stone  $3.2 million

source: Steve Forbes

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Title/ Weekend Gross (in millions usd $$$)

  1. Lee Daniels’s The Butler $25 m
  2. We’re the Millers $17.6 m
  3. Elysium $13.6 m
  4. Kick Ass 2 $13.5 m
  5. Planes $13.1 m

The Elmiraj Concept (500 horsepower), a new design vision for a grand coupe expressing the pure enjoyment of driving. The appearance is streamlined and pure, a fresh new expression of Cadillac’s Art & Science design philosophy. The Concept also represents an exploration of how Cadillac designers are approaching the expansion and elevation of the top of the range.

www.cadillac.com

Forbes Electronic Cash Kings list.
Music: “Dream Away” by CMA

In Grand Theft Auto Online, players have the freedom to explore alone or with friends, work cooperatively to complete missions, band together to participate in activities and ambient events, or compete in traditional game modes with the entire community, all with the personality and refined mechanics of Grand Theft Auto V.

www.rockstargames.com

CAIRO — The death toll from Egypt’s bloody crackdown on supporters of the deposed president, Mohamed Morsi, soared beyond 500 on Thursday with more than 3,700 people injured.

Checkout more photos after the jump. Read More

Chicago logged its 250th homicide of 2013 over this past week when an 18-year-old was shot to death in Woodlawn.

Chicago reached 250 homicides in 2012 on June 24 and in 2011 on Aug. 3.

Homicides are down year-to-date 23 percent versus 2012 and 4 percent compared to 2011.

source: [RedEye]

#STOPTHEVIOLENCE

According to the Forbes rankings, which are based on estimates, the Detroit Lions are worth $900 million, with $248 million in revenue and an operating income of minus -$3.5 million. In comparison, the Dallas Cowboys, the most NFL valuable team, are worth $2.3 billion, with $539 million in revenue and an operating income of $250.7 million

Checkout Top 10 Most Valuable NFL Teams after the jump…. Read More

 

It will cost an estimated $241,080 for a middle-income couple to raise a child born last year for 18 years, according to a U.S. Department of Agriculture report released Wednesday. That’s up almost 3% from 2011 and doesn’t  include the cost of college.

 At the same time, wages aren’t keeping up. The country’s median annual household income has fallen by more than $4,000 since 2000, after adjusting for inflation, and many of the jobs lost during the recent recession have been replaced with lower-wage positions

source: CNNMoney