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...prospect. Injuries have dampened the statistics of many first overall picks before Strasburg—especially pitchers—either by limiting their playing time or by limiting their abilities. For example, 2001 second pick Mark Prior, the previous best pitching prospect ever and benefactor of the current record contract ($10.5 million), hasn’t played in a game since 2006. And 1997’s first pick, Matt Anderson, learned the hard way that a 100-mile-per-hour fastball is suddenly below average after losing your arm strength to a single injury...

Author: By Nathaniel S. Rakich | Title: Error to the Pitcher | 7/6/2009 | See Source »

...still believed by to be the "soul mate" of, and it turns out the guard of was let down by with plenty of other women (though the technical "sex line" was not crossed with them by, only with the mistress of) and if all that wasn't bad enough, contract for book by is canceled by publisher...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 7/3/2009 | See Source »

...mother Katherine is named as a beneficiary to the trust and guardian of the three children. But they won't see their inheritance, if any, until the debt issues are resolved. "You have to pay your creditors before you can pay your children," says Robert Rasmussen, who teaches contract law at the University of Southern California. "That...

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

Complicating matters, Porsche has amassed additional options that would take its stake in VW to about 75%, but it's unclear how it would finance those extra purchases. Auto industry sources and financial analysts are buzzing about whether Porsche somehow locked itself into a contract that obliges it to buy that additional stake. Porsche won't say; from the beginning it has refused to reveal all but the scantest details of its hedging strategy. (Watch a video about an optimistic Dodge dealer...

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

...Baghdad opened the bidding on the rights to develop its massive energy reserves. In a day-long auction of eight huge oil fields - some of the world's biggest - virtually all the 41 foreign companies invited to bid by the Iraqi government balked at the Baghdad terms. The only contract signed was a 20-year deal for a consortium led by BP and China's National Petroleum Corporation to develop the giant Rumaila field in southern Iraq. "Frankly I did not think it would be such a fiasco and embarrassment for the government," says Rochdi Younsi, Director of Middle East...

Author: /time Magazine | Title: The Reasons Behind Big Oil Declining Iraq's Riches | 7/2/2009 | See Source »

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