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...organizers behind "This Is It," Michael Jackson's 50-concert residency at London's O2 Arena, billed it as a spectacle for the ages that would mark the return of the King of Pop after a 12-year hiatus. But after Jackson's sudden death on June 25, the series, scheduled to open July 13, will probably be remembered as the most lavish musical comeback that never...
...Live, the Los Angeles-based entertainment company behind the concerts, invested more than $20 million to bring about "one of the greatest musical events in history," replete with 22 sets, high-wire acrobatics and elaborate pyrotechnic lighting. Just last week, producers revealed that Swarovski would crown Jackson, his costumes and the sets with 300,000 pieces of crystal, adding even more glitter to the massive 20,000-seat O2. (See pictures of people around the world mourning Michael Jackson...
...interest rates remaining low, Cooperman says, the value of stocks is appealing. Indeed, whether measured against Treasury-bond yields or corporate-bond yields, he says, the stock market appears not only fairly valued but perhaps even be relatively cheap. And with the darkest hours of the financial crisis now behind us, so too, Cooperman believes, are the stock-market lows of March, not likely to be seen again anytime soon. "The lows [of this stock-market cycle] are in," he flatly told his audience. He then repeated the line with gusto, as if to jog a crowd still paralyzed with...
...June 23, Iranian security forces, reportedly using live ammunition, clashed with protesters numbering in the hundreds in the area of the country's parliament in Tehran. At the same time, there were indications that a behind-the-scenes struggle was intensifying in the corridors of power even as the government continued its campaign to quiet the populace through propaganda and entertainment. A resident of the capital, who asked for anonymity, sent TIME the following report...
Lots of people, adults and kids, are watching in the room with me. On the screen, Gandalf the Grey returns to the Fellowship as Gandalf the White. He casts a blinding white light, his face hidden behind a halo. Someone blurts out, "Imam zaman e?!" (Is it the Imam?!) It is a reference, of course, to the white-bearded Ayatullah Khomeini, who is respectfully called Imam Khomeini. But "Imam" is at the same time a title of the Mahdi, a messianic figure that Muslims believe will come to save true believers from powerful evildoers at the time of the apocalypse...