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...Things would get worse. With sponsors turned off by Jackson's private life - Pepsi and sneaker brand LA Gear, for instance, had backed him - he further lost control of his finances. Duff investments and a divorce settlement with Lisa Marie Presley helped push Jackson to increasingly use his earnings from music as collateral for loans, first from Bank of America (BoA), before Fortress Investment Group, a specialist in distressed debt, took the loans off BoA's hands. By the mid-2000s, Jackson was believed to be $270 million in debt. (See Thriller's entry on the All-TIME 100 Albums...

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

...were cited; in 1933, 10; in 1934 and '35, 12; then 10 nominees in the next eight years. Looking back, we can say the category rose to accommodate a burgeoning supply of first-rate films. And different kinds of films, even one in a foreign language: Jean Renoir's La grande illusion, on the 1938 list. (Read "How the Oscars Became the Emmys...

Author: /time Magazine | Title: Why the Oscars Need 10 Nominees | 6/25/2009 | See Source »

...behavior. Even as pundits were writing the political obituary of a fiscal conservative many had touted as a GOP presidential hopeful for 2012, The State newspaper of Columbia published personal e-mails the governor had sent to his paramour, named Maria. (Thursday's edition of Buenos Aires newspaper La Nacion identified her as Maria Belen Chapur, a 43-year-old divorced mother of two who lives in the fashionable district of Palermo and works for an agricultural company.) In one, Sanford gushes about Maria's "magnificent gentle kisses," tan lines, hips and "erotic beauty." And while he acknowledges that they...

Author: /time Magazine | Title: Sanford's Sex Scandal: Assessing the Damage | 6/25/2009 | See Source »

...emerged that one of D'Addario's friends from Bari, Barbara Montereale, was also paid to be at the Nov. 4 party. Montereale told Rome daily La Repubblica that she left after dinner and described D'Addario as a professional escort. Montereale says D'Addario told her that she'd had sex with the Prime Minister on Nov. 4. In subsequent interviews, D'Addario has neither confirmed nor denied Montereale's account...

Author: /time Magazine | Title: Berlusconi in Crisis After Allegation of Affair | 6/23/2009 | See Source »

...ecologically sound practices benefit more than the farm's fish and the people who eat them. By reflooding those drained lands, Veta la Palma transformed itself not just into a fish farm, but, somewhat unwittingly, into a refuge for migrating aquatic birds as well. Instead of the 50 bird species that inhabited the area when the farm started, there are now 250, many of them endangered: spoonbills, egrets and those spectacular pink flamingos...

Author: /time Magazine | Title: Sustainable Aquaculture: Net Profits | 6/15/2009 | See Source »

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