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...Record-industry experts figure that the Boss is entitled to royalties of between $5 and $6 for every copy of Live sold. If so, he made more than $7.5 million the first week it was out. Should the album meet industry expectations and sell 15 million copies, Springsteen will earn $75 million or more as his share. Fans are still buying Springsteen's seven previous albums, of which 38 million copies have already been sold. Born in the U.S.A., accounting for 18 million of the sales, has netted him $25 million or more...

Author: /time Magazine | Title: The Boss's Thunder Road to Riches | 1/26/2007 | See Source »

Even if he never cut another record or played any more concerts, Springsteen would go on earning substantial income as long as his songs are popular. As writer and music publisher, he earns royalties whenever his tunes are played on the radio, as music videos, in jukeboxes or by other performers. According to Gloria Messinger, managing director of ASCAP (the American Society of Composers, Authors and Publishers), which tabulates the airplay of songs and collects royalties for writers and publishers, Springsteen may ultimately earn more than $1 million in such fees from the songs on the Live album alone. Says...

Author: /time Magazine | Title: The Boss's Thunder Road to Riches | 1/26/2007 | See Source »

...Since the country's return to democracy a decade and a half ago, the army has become far more professional. Bangladesh is now one of the biggest providers of troops to U.N. peacekeeping missions, which not only helps the country's international standing but allows thousands of soldiers to earn enough for early retirement. A coup, with soldiers taking the reigns of power, would end that because the U.N. doesn't like to use troops from a military dictatorship. Many newspapers and civil-society groups have called for a new party to be formed by local hero Muhammad Yunus...

Author: /time Magazine | Title: Breaking Down | 1/25/2007 | See Source »

Preschool through 12th grade teachers must earn and maintain certain degrees and certificates in order to teach; why is this not so for professors? At a recent meeting of the New England Association of Schools and Colleges, interim University President Derek C. Bok pointed out, “The Ph.D., in my knowledge, is the only major professional program in the United States that does not prepare students for the activity that they will spend most of their professional lives [doing].” Therein lies the problem...

Author: By Emily R. Kaplan | Title: Speaking Genius | 1/22/2007 | See Source »

...company, HonestyOnline, offers a certification system that takes the lie out of online. The checks can dig down to confirm your ex- is an ex- and your B.A. isn't BS, and figure out pretty much what you earn every year...

Author: /time Magazine | Title: Internet Dating 2.0 | 1/19/2007 | See Source »

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