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...with the estate's current net worth north of $200 million and likely to spew cash forever, the vultures will circle ever lower; expect the convergence of cash and carrion. The will is sure to be contested. However sad the child-molestation cases were, the battles over the Jackson fortune, and the allegations that are sure to surface, will be uglier still. (Read "Remembering Michael Jackson on Twitter...

Author: /time Magazine | Title: The Battle Over Michael Jackson's Legacy | 7/2/2009 | See Source »

...massive profits over the past three years, as well as giving them ownership of VW. But it has also ballooned Porsche's debt to $12.5 billion. Under normal circumstances, Porsche would have no trouble financing that debt - its VW stake alone is worth about $50 billion - but in the current economic crisis, even a company as rich as Porsche can no longer snap its fingers and find the money. (Last year, thanks to windfall gains from the option-trading strategy, its profits before taxes of $11.6 billion were actually larger than its total revenues from sales of $10.2 billion...

Author: /time Magazine | Title: Why VW and Porsche are On a Collision Course | 7/2/2009 | See Source »

That, we guess, would have been the job of Weymouth, 42, who is the granddaughter of Post's longtime publisher, Katharine Graham, and has only been the Washington Post's CEO since February of last year. Unlike her uncle Donald Graham, current chairman of the Washington Post Co., and the man she is expected to succeed, Weymouth, 42, never worked as a journalist, joining the family company in 1996 as a lawyer...

Author: /time Magazine | Title: Media Morass: The Great Washington Post Unvite | 7/2/2009 | See Source »

...marriage an institution that still hews to its old intention and function - to raise the next generation, to protect and teach it, to instill in it the habits of conduct and character that will ensure the generation's own safe passage into adulthood? Think of it this way: the current generation of children, the one watching commitments between adults snap like dry twigs and observing parents who simply can't be bothered to marry each other and who hence drift in and out of their children's lives - that's the generation who will be taking care of us when...

Author: /time Magazine | Title: Is There Hope for the American Marriage? | 7/2/2009 | See Source »

...state's finances could be made more stable by raising income taxes on middle and low-income families - which would reduce the state's dependency on volatile stock and capital gains income - a big reason for the current catastrophic deficits. But that is all but politically impossible in California. (See pictures of polarizing politicians on LIFE.com...

Author: /time Magazine | Title: California's Budget Crisis: Is There a Way Out? | 7/2/2009 | See Source »

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