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...Jackson had hoped to star in a Steven Spielberg film of the James M. Barrie play Peter Pan, about the boy from Neverland who refuses to grow up. The story's reflection of his own needs, dreams and scars was poignant. In a tearful (and top-rated) interview with Oprah Winfrey, he confessed that his father had beat him and called him ugly (this beautiful child!). Who wouldn't want a makeover of that scarred youth? Once he had the money and power, the perpetually preadolescent Jackson moved into a fantasy version of childhood, in the company of young boys...

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

...showing signs of adult behavior. In 2005, Jackson saw Ron Burkle, the billionaire chairman of Yucaipa Cos., at the funeral of Johnnie Cochran, who had defended Jackson. Burkle, a person close to the matter told People, "told him in a very honest way that he kind of had to grow up, and as an adult, you have to start paying attention to where your money is going. Ron advised him to cut his spending or go back to work." Jackson sold Neverland to a partnership run by Colony Capital, a private-equity firm, and moved to the ultra-posh Holmby...

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

After decades in the Senate (where he was no slouch at snagging funds for his home state of Delaware), Biden knew his way around a rotten pork barrel. So he set up an in-house watchdog group, with a team that would grow to eight and a charge to keep the spending clean, quick and defensible. Economists will tell you that the most important part of a stimulus is getting the money into the economy fast, where it can replace lost consumer and business spending and keep people employed. But Biden's team knew that it's just as important...

Author: /time Magazine | Title: What Happened to the Stimulus? | 7/1/2009 | See Source »

...matching the largest monthly increase since 1953. And on July 1, the much-watched tankan survey, which measures sentiment among Japan's largest manufacturers, improved for the first time in two-and-a-half years, indicating confidence in the country's economic prospects is starting to grow...

Author: /time Magazine | Title: Japan's Economic Green Shoots Could Wither Fast | 7/1/2009 | See Source »

...increasingly likely outcome. "It will take several years, not one or two years, before Japan's output gap, or economic slack, disappears," says JPMorgan chief economist Masaaki Kanno. "Deflation and high unemployment will last for a long time. The question is whether the economy will continue to grow for several years without having the double dip." (See pictures of Japan in the 1980s and today...

Author: /time Magazine | Title: Japan's Economic Green Shoots Could Wither Fast | 7/1/2009 | See Source »

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