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...Wednesday night's rehearsals, the middle-aged man of 50 was showing the kids how it's done. "He'd take the stage with this group of dancers, all in their 20s, but you couldn't take your eyes off him," says Dorian Holley, vocal director for Michael Jackson's This Is It series of concerts, planned to begin this month in London. During Jackson's run-through at the Staples Center in Los Angeles, "he was giving a clinic to those dancers," recalls Bashiri Johnson, the percussionist on the tour. "Whenever he would do a move, he'd raise...

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

...following afternoon, Jackson was dead. His physician, Conrad Murray, said when the star had stopped breathing, he had done CPR but delayed calling 911 for up to 30 minutes because he wasn't sure of the street address of Jackson's Holmby Hills home. The star was declared dead at 2:26 p.m. local time on June 25, and the awful news raced quickly from the ER through the Ronald Reagan UCLA Medical Center. Even veteran nurses reacted like many of his fans soon would. "They were hysterical. They're going, 'Michael Jackson is dead, he's dead!' They were...

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

Then there is the financing issue. The federal government has done a lot to try to keep interest rates low - like buying up mortgaged-backed securities from Fannie Mae and Freddie Mac - but loans over a certain size are often exempt. The rates on "jumbo" loans (generally those that run about $417,000) have historically been about .25 percentage points higher than on regular mortgages. That spread jumped all the way up to 180 basis points last fall, according to data-tracker HSH Associates - but has since settled down to about 100. Still, that's a big added expense. Plus...

Author: /time Magazine | Title: Home Sales Perk Up, but Expensive Houses Languish | 7/1/2009 | See Source »

Proposition 13 has proved to be a two-sided sword. "One side was to protect the people from the government suddenly and wildly raising property taxes," says Bob Hertzberg, a former Assembly Speaker and co- chair of California Forward, a bipartisan reform group. "That was done. But we didn't resolve how to pay for the services that people want. So we have created this crazy government structure in Sacramento held together by duct tape and bailing wire. It's not coherent and needs to be changed...

Author: /time Magazine | Title: How California's Fiscal Woes Began: A Crisis 30 Years in the Making | 7/1/2009 | See Source »

...groups distributing the food out of the country. The step is potentially disastrous for the North Korean people. The WFP figures that last year's harvest, though slightly improved on 2007's, still fell about a third short of the population's needs. (See pictures of the work done...

Author: /time Magazine | Title: North Korea's Other Crisis: An Economy in Tatters | 6/30/2009 | See Source »

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