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Word: hole (lookup in dictionary) (lookup stats)
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...easy as 1-2-3." When it came to handling the bigger sums the singer would go on to amass, though, Jackson never really got a grip on the numbers. Profligate spending, a slew of legal settlements and a reliance on ever increasing bank loans blew a hole in the fortune Jackson earned over four decades of performing. Some estimates put the singer's debt at the time of his death at $300 million. Others put him almost twice as far into the red. (See pictures of people around the world mourning Michael Jackson...

Author: /time Magazine | Title: What Happened to Michael Jackson's Millions? | 6/26/2009 | See Source »

...making brutal cuts in programs long seen as essential. The Sandoval family is but one of more than 154,000 welfare cases in Los Angeles County. Governor Arnold Schwarzenegger says the state should abolish its welfare program. Doing so would save $1.3 billion and rip a large gaping hole in the safety net that now keeps more than 500,000 California families like the Sandovals out of homeless shelters. (Read "With a New Budget, Now Californians Brace for the Pain...

Author: /time Magazine | Title: Can the U.S. Afford to Let California Fail? | 6/19/2009 | See Source »

...restore the golf course. Bad weather takes its toll on us." Merchandising and food make up about 30% of the USGA's revenues from the Open, and when people aren't buying ridiculously overpriced items - the $66 golf shirt, the $9 card that details the yardage on each hole - that isn't good for business. Though at least the umbrellas sold...

Author: /time Magazine | Title: Golf Rage: First Recession, Now Rain at the U.S. Open | 6/18/2009 | See Source »

...griping. Golfers tend to be meticulous, and some would say anal retentive, to being with. They hate it when a fan accidentally clicks a camera during their swing. Think they like playing with drizzle in their face? "They should have called it off one or two holes earlier," says Steve Stricker, who finished at one over par on the sixth hole. When their rhythm is disrupted, the carping will commence. "It's such a hard golf course anyway," says veteran Fred Funk. "Add the elements to it, your ball is not going anywhere, it's not rolling anywhere, your body...

Author: /time Magazine | Title: Golf Rage: First Recession, Now Rain at the U.S. Open | 6/18/2009 | See Source »

...paints a detailed and worrying picture of what a warmer America will be like 10, 50 and 100 years from today. "It is clear that climate change is happening now," says Jerry Melillo, a lead author of the report and an ecologist at the Marine Biological Laboratory in Woods Hole, Mass. "The observed climate changes we report are not opinions to be debated. They are facts to be reported." (See pictures of the effects of global warming...

Author: /time Magazine | Title: Climate-Change Report: From Bad to Worse | 6/17/2009 | See Source »

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