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...fairground - swallowed up about $5 million annually. As Jackson gradually retreated from work, the additional millions eaten up by plane charters, antiques, lavish gifts and legal disputes - a child-molestation case in the early 1990s cost Jackson around $20 million to settle - left a hole in his fortune. To help plug it, in 1995 the singer signed over to Sony a 50% stake in the rights to the Beatles' catalog in exchange for almost $100 million. (Watch TIME's video "Appreciating Michael Jackson, the Musician...

Author: /time Magazine | Title: What Happened to Michael Jackson's Millions? | 6/26/2009 | See Source »

...somber mood descends upon our canopy-watchers, however, the guides explain that Ecuador recognizes this threat and wants to protect its forests. Without nearly the requisite funding, however, it has implored the international community to provide help. Germany has volunteered to lead this charge, but other countries—such as the United States—must join the effort if the jungles of Ecuador are to survive...

Author: By Alexander R. Konrad | Title: A Cloudy Future in Ecuador’s Rainforest | 6/26/2009 | See Source »

News of the steep reduction came Monday, as final budgeting announcements were made across the Faculty of Arts and Sciences, Wilkinson said. FAS is currently planning a major internal restructuring to help it cope with what is projected to be a $220 million deficit over the next two years. The University announced on Tuesday that it would be eliminating 275 staff positions over the next few days to help reduce compensation costs...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: Bok Center Faces Deep Budget Cuts | 6/25/2009 | See Source »

...Ironically, Sanford said he became involved with Maria, whom he met eight years ago while on a government trip to Argentina, while trying to help Maria work out her separation from her own husband. In one of her e-mails to Sanford, however, she insists, "You are my love." She adds, "Sometimes you don't choose things, they just happen." On a private level, Sanford, like any human being, can be excused for succumbing to that inconvenient rule of the heart. But in the public arena, the erratic behavior of the past week seems to confirm what detractors have argued...

Author: /time Magazine | Title: Sanford's Sex Scandal: Assessing the Damage | 6/25/2009 | See Source »

...strong in China. And the U.S. may still be a contender. Sputnik sparked an extraordinary American effort that culminated in Neil Armstrong's 1969 moon walk, which sealed the U.S.'s supremacy in space. Last month, Washington launched a $25 billion program to extend cheap loans to carmakers to help in reconfiguring their assembly lines for electric cars and other fuel-efficient vehicles...

Author: /time Magazine | Title: Asia Challenges the U.S. for Green-Tech Supremacy | 6/25/2009 | See Source »

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