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...Love, he chirped in the Jackson 5 song he co-wrote, was as "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...

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

...acre (roughly 1,000 hectares) ranch in California that would become Neverland. Maintaining the theme park - complete with zoo, movie theater and fairground - swallowed up about $5 million annually. As Jackson gradually retreated from work, the additional millions eaten up by plane charters, antiques, lavish gifts and legal disputes - a child-molestation case in the early 1990s cost Jackson around $20 million to settle - left a hole in his fortune. To help plug it, in 1995 the singer signed over to Sony a 50% stake in the rights to the Beatles' catalog in exchange for almost $100 million. (Watch TIME...

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

...whole network of dubious customers. As a consequence of Pyongyang's recent bellicose behavior, a new U.N. resolution passed this June forbids the country from exporting arms and authorizes member states to search North Korean vessels suspected to be carrying them, though they must first seek Pyongyang's legal consent - effectively, a non-starter. Nevertheless, the U.S.S. John McCain, an Aegis class destroyer, has been tailing the freighter and will be replaced now by the U.S.S. McCampbell as the Kang Nam 1 nears the Straits of Malacca and Singapore, perhaps the world's biggest maritime pit stop. The city-state...

Author: /time Magazine | Title: Why Burma May Be North Korea's Best Friend | 6/26/2009 | See Source »

...Brent Renison, an Oregon immigration attorney who has headed up numerous suits challenging the widow penalty, calls the marriage-fraud argument bogus. "We've never asked for automatic approval of these widows' legal residence status," he says. "We simply ask that they be allowed to show that their marriages were valid, and if so, recognize that the humane thing to do is let them stay where they've made a new life." That's especially true, Renison insists, when the surviving spouse has a U.S.-born child from the marriage. In one of the more controversial cases, a Brazilian woman...

Author: /time Magazine | Title: Will Congress End the Immigration 'Widow Penalty'? | 6/24/2009 | See Source »

...courts are increasingly siding with the widows as well. In April, a federal judge in Los Angeles told Homeland Security to reopen the cases of 22 immigrants denied green cards because their U.S. spouses had died, ruling that the deaths should not nullify the widows' (or widowers') legal residence applications. But there have been judicial defeats for the widows as well - some judges have ruled, understandably, that current immigration law ties their hands - which is why some people are relying on legislation like Nelson-McGovern...

Author: /time Magazine | Title: Will Congress End the Immigration 'Widow Penalty'? | 6/24/2009 | See Source »

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