Word: londonized
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...Unquestionably, Jackson is worth more dead than alive. The 1,000 hours of video of the final rehearsals of his London show could be worth about $500 million in gross sales of DVDs, CDs and other items. His assets include half ownership of music publisher Sony/ATV, worth $1 billion. His small remaining interest in Neverland could skyrocket in value; so will his personal items when sold. But his staggering debt, perhaps $500 million, reflects a lifetime of indulgence on antiques, houses, helicopters, more than $100 million in annual upkeep on the 2,500-acre (1,000 hectare) Neverland estate...
...Jackson's wealth. He even paid for forensic accountants to untangle Jackson's finances. The Gloved One began writing his own checks. But even with cutbacks, Jackson needed income to maintain his lifestyle. That would mean performing; he hadn't toured since 1997. So he reluctantly agreed to a London gig that would eventually grow to 50 shows. He had already sold over $90 million worth of tickets. The aging King of Pop was primed for a comeback...
...head for riskier assets. Throw in concerns over the U.S.'s spiraling deficit and calls from China for an alternative reserve currency, and "the likelihood is the dollar's going to remain under pressure," says Simon Derrick, head of currency research at Bank of New York Mellon in London. "You're going to see it continue to slide." (Watch TIME's video of Peter Schiff trash-talking the markets...
...tempting for companies to miss having a foothold in Iraq," says Tariq Shafiq, director of the London oil consultancy PetroLog & Associates, and a previous executive director of Iraq's National Oil Company who helped to draft Iraq's new national oil law after the US invasion in 2003. "Where else would any company go today to have access to a field that produces two million barrels per day? There is none...
...that brought down the democratically elected government after it nationalized Iran's oil, until then largely owned by British Petroleum. Understandably, many Iranians still see Britain as a credible culprit. In a piece titled "How Did England Mount the Green Wave?" the official Islamic Republic News Agency (IRNA) analyzed London's interference in Iran's elections based on "expert psychological opinion." The article, published on July 1, says British tactics included "mass distraction" and "hypodermic needle," both intended to subconsciously infuse Iranians with certain messages and goals. The British media pursued three phases, it said, the last of which...