Word: annualized
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...With annual income from the sale of his and his catalog's music at around $19 million, according to the Wall Street Journal, Jackson was still stretched. When the singer defaulted on a loan in March last year, pushing Neverland into foreclosure, private-equity firm Colony Capital stepped in to bail him out. The 50 concerts planned for London later this year could have netted Jackson as much as $100 million, with a possible world tour to follow generating five times that amount. To Jackson's debtors, if not to the singer himself, that sure would have added...
...Since the 1944 crop, it's been five Best Picture nominees. And for a few decades, the voters admitted all manner of films to the annual quintet: noir (Double Indemnity), westerns (High Noon), comedies (Father of the Bride) and a slew of musicals. They often weren't anywhere near the best pictures, but at a high-mediocre level, there was a welcome breath of selections...
...stomach is tied off and food is rerouted directly to the bottom half of the intestine, and gastric banding, in which the stomach is simply squeezed into a smaller size with a rubber-band-like device. In the first phase of results released by BOLD at the annual meeting of the American Society for Metabolic and Bariatric Surgery (ASMBS), researchers reported safety data indicating that bariatric surgery is no riskier than other common abdominal and GI procedures, with an overall mortality risk within 90 days of 0.112%. Complication rates from bariatric procedures also put them in line with other common...
...layoffs, including a voluntary early retirement program, a salary freeze for faculty and non-union staff, and strictly limited hiring practices. He said that staff reductions have thus far been "spread evenly across our workforce," and noted that the average participant in the early retirement program had an annual salary of $67,000, with roughly half the participants working as hourly employees and half as administrative and professional staff...
...similar initiative is taking place at Traffic, the Middle East's only contemporary-design gallery and store, and the brainchild of Dubai native Rami Farook. Here too, a growing group of regional unknowns is struggling to gain attention. Annual design competitions have confirmed Farook's earliest suspicions that the expertise not only exists in Dubai, but can also hold its own against the imported competition. Farook put his faith to the test earlier this year, when he initiated Traffic's manufacturing division - producers of the city's first range of locally designed furniture...