Saturday, July 6, 2013

'Dark Knight Returns' No. 2 cover to be auctioned

PHILADELPHIA (AP) ? It is the comic book cover that captured the grim visage of an older, wiser ? and meaner ? Batman.

Now, the 1986 pen and ink creation ? drawn by writer/artist Frank Miller ? that is the cover to "The Dark Knight Returns" No. 2 will be sold next month in Dallas by Heritage Auctions.

It's the first cover from DC Comics' 1986 four-issue "Dark Knight" miniseries to be sold and is expected to go for more than $500,000.

Miller's story "radically altered the direction of comics," said Todd Hignite, Heritage's vice president.

"For fans of modern comics, this drawing is where everything really begins," he said. "This moment defines Miller's Dark Knight, and the modern day perception of Batman, like no other drawing."

The only cover Hignite says might come close is the next in the series ? with Batman and Robin ? that was auctioned two years ago for nearly $450,000.

"It represents not only one of the most memorable images from the 1980s, but from Batman's entire illustrious history," Hignite said. "Miller's revolutionary Dark Knight radically altered the direction of comics with its prestige miniseries format, combined with the fact that it was one of the first modern mainstream features to put a gritty noir patina on the squeaky-clean Silver Age hero mythos previously exemplified by DC."

Also up for sale is a 9.2-graded copy of "Batman" No. 1 from 1940, that shows Batman and Robin swinging in front of a Gotham city skyline. It's being auctioned on behalf of Tadano America Corp. A similar copy sold for $850,000 in 2012.

"By any measure this is one of the most desirable comic books in existence," said Barry Sandoval, director of operations for comics and comic art category at Heritage. "There are just a few comics ahead of this on the ultimate comics list, but it's close when you see just how fantastic the shape of this book is."

The record price for a comic book remains "Action Comics" No. 1, which sold for $2.16 million in 2011. That featured Superman's first appearance.

___

Online:

"Batman" No. 1: http://bit.ly/19ZsiCd

"Dark Knight" cover: http://bit.ly/14S0tow

Source: http://news.yahoo.com/dark-knight-returns-no-2-cover-auctioned-072900518.html

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Monday, July 1, 2013

As 'war' rages, Gettysburg vendors hope to cash in

GETTYSBURG, Pa. (AP) ? As re-enacted war raged several miles away, tourists strolled a commercial strip of Gettysburg to survey T-shirts, hats and other trinkets to commemorate the 150th anniversary of the Civil War's pivotal battle.

More than 200,000 people ? including thousands of re-enactors ? are expected to visit this small south-central Pennsylvania town through Fourth of July weekend to mark the milestone.

And it's a prime opportunity for vendors to make some money.

Sightseers can pick up one of the many incarnations of "150th Anniversary" T-shirts at stores along about a two-block stretch of one of the main drags in town, Steinwehr Avenue, less than a quarter-mile from the Gettysburg National Military Park. One store, in between two shops that promote ghost tours, had "Army of the Potomac" and "Army of Northern Virginia" athletic department shirts among offerings hanging on its porch.

A few visitors said they aren't comfortable with the consumerism in town.

"I don't like the commercialism. I think they can do a lot less of it," said Richard Gow, 65, of Binghamton, N.Y. Dressed sharply in a gray uniform, Gow was portraying noted Confederate Gen. Lewis Armistead outside the American Civil War Wax Museum.

Then Gow ? himself a U.S. Army veteran who served during Vietnam ? looked toward the battlefield, just down the road. That is where the self-proclaimed Civil War buff, who said his family ties trace back to Confederate Major Gen. John Gordon, said visitors can find what's really important.

"It's the grounds," he said reverentially, referring to the fields and hills where up to 10,000 Union and Confederate soldiers died in the Civil War's pivotal conflict. "It's an honor to be here."

Federal forces turned away the Confederates during fierce fighting on July 1-3, 1863, ending with the South's ill-fated Pickett's Charge across an open field against Union soldiers.

But making money on Gettysburg isn't new. In fact, profiteers went out to scour the battlefield, after the fighting was over, to search for relics to sell, said Peter Carmichael, professor of history at Gettysburg College.

Soon after the war, a brothel was established on Little Round Top, the hill that was the sight of key fighting later made famous in the 1974 Pulitzer Prize- winning novel, "The Killer Angels," and the 1993 movie "Gettysburg." That's long gone, too, with the National Park Service overseeing the land now.

"The battlefield in many ways is much less commercialized than it once was," Carmichael said Saturday.

George Lomas, owner of The Regimental Quartermaster store on the busy commercial strip said he's been gearing up for this week for months. His business primarily attracts re-enactors looking to buy period military jackets, shirts and belts along with bayonets and muskets.

Smaller tables near the front door carried 150th anniversary T-shirts and more kitschy items like a pen shaped like a mini-drumstick inscribed with "Civil War."

Re-enactors have been streaming in this week, Lomas said, but he also sells items for tourists.

When asked about people who may think Gettysburg is too commercialized, Lomas said, "That happens. That's business. I don't think it's over-commercialized. Of course, I'm prejudiced."

He noted how a stretch of road along the actual battlefield actually became less commercialized. He was referring to the Park Service's efforts in recent years to rehabilitate major areas of the battlefield to make it better resemble the territory soldiers encountered 150 years ago.

One of the changes involved removing a motel that that once stood across the street from a monument for Ohio soldiers. The rehabilitation process grew out of a master plan in 1999 that didn't set the 150th anniversary as a deadline ? though park officials say it was a welcome and timely coincidence.

The Killer Angels, written by Michael Shaara, and the Gettysburg movie have been credited with increasing interest in the war in recent decades. Shaara died in 1988.

His son, Jeff, himself a bestselling author whose "Gods and Generals" was the 1996 prequel to his father's classic, was signing books at the wax museum Saturday morning. He said he saw commercialism as a way to help the community pay for the taxes that in turn paid for infrastructure.

Shaara said other scenes in and around Gettysburg this anniversary week had to be taken into account, like lines of Boy Scouts eagerly going through the National Park Visitors Center; or dedicated history buffs wearing wool uniforms on a sunny summer afternoon marching in detailed formations to recreate the fighting.

"There are a myriad of draws of why people come here. The commercialism? We're a capitalist society. You're free to open a store and sell whatever it is you want to sell," he said. "But to me, it doesn't destroy what's here. It's sort of a necessary part of it."

Many other visitors said modern Gettysburg strikes the appropriate balance between capitalizing on its notoriety and paying reverence to the conflict: No amusement parks, no roller coasters.

"This kind of brings history alive," said Dave Gish, 54, a pastor from Wilton, Conn., who took photos of a re-enactment between Union and Confederate cavalry featuring hundreds of horses. "It's the kind of thing where this is pretty much what you're coming for."

Source: http://news.yahoo.com/war-rages-gettysburg-vendors-hope-cash-224247209.html

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Wednesday, June 26, 2013

US economy grows at slower 1.8 pct. rate in Q1

WASHINGTON (AP) ? The U.S. economy grew at an annual rate of 1.8 percent in the first three months of the year, significantly slower than first thought. The steep revision was mostly because consumers spent less than previously estimated, a sign that higher taxes could be having a deeper impact on growth.

The Commerce Department revised its growth estimate for the January-March quarter down from a 2.4 percent annual rate. The revised rate was still faster than the 0.4 percent rate in the October-December quarter.

Economists had thought growth in the April-June quarter would be 2 percent or less, although the revision will likely change those estimates. They had also expected growth to strengthen in the second half of this year.

The Federal Reserve last week said that it would begin to slow its bond purchases later this year and end them next year if the economy continues to strengthen. The Fed's bond purchases have helped keep long-term interest rates low. The revision also may alter that plan, if growth stays weak.

The latest estimate was the government's third look at first-quarter growth. The bulk of the revision was because consumer spending was cut to an annual rate of 2.6 percent. That's sharply lower than the 3.4 percent rate estimated last month. Consumer spending accounts for 70 percent of economic activity.

Much of the change reflected a lower estimate for spending on services such as heat and electricity. Export growth was also trimmed as was investment spending by businesses in buildings.

An increase in Social Security taxes on Jan. 1 has reduced take-home pay for most Americans. A person earning $50,000 a year has roughly $1,000 less to spend, while a high-earning couple has less than $4,500.

Many economists had thought that the tax increase, along with steep government spending cuts, would start to affect consumers in the second quarter, which ends next week. But the revision suggests the tax increase may have hampered consumer spending a little earlier than thought.

Economists had predicted that growth would rebound to a rate of around 2.5 percent in the July-September quarter and to more than a 3 percent rate in the final three months of the year.

The Fed's latest economic projections are for growth of 2.3 percent to 2.6 percent this year. And it predicts that growth will accelerate next year to as much as 3.5 percent.

The latest reports have been encouraging. U.S. factories are fielding more orders. Home sales and prices are rising, signaling a stronger housing recovery. Spending at retail businesses rose in May. And employers added 175,000 jobs last month, which almost exactly matched the average increase of the previous 12 months.

Steady job growth has gradually reduced the unemployment rate to 7.6 percent from a peak of 10 percent in 2009. And it has lifted Americans' confidence in the economy to its highest point in 5? years.

Consumers' confidence in the economy is watched closely because their spending accounts for about 70 percent of U.S. economic activity.

Source: http://news.yahoo.com/us-economy-grows-slower-1-8-pct-rate-123936162.html

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