Word: maintainers
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...Holmby Hills in West L.A. Burkle's counsel was sensible, free and friendly, and it more than likely saved 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...
...international reserve does little to lift sentiment in the dollar's favor. Its replacement might be an "implausible suggestion," analysts at HSBC wrote in a May note to clients, but "its pre-eminent position as the reserves currency of the world does not mean that [the dollar] will maintain its value." Like Derrick, HSBC is counting on a further fall in the months ahead. Better not leave that holiday too late...
Over the past few days, the German luxury automaker Porsche has moved into high gear with the launch of its latest model, the Panamera, a 4-door, 4-seater sedan that it hopes will reverse flagging sales and maintain its status as the world's most profitable auto maker. But even as the motoring press descends on Stuttgart to test drive the new car, the Panamera launch is being overshadowed by a bizarre feud in the company's founding family that is starting to damage both Porsche and its sister company...
...Iranian leadership ratchets up the rhetoric, the E.U. faces a dilemma. Does it respond in kind, by imposing new sanctions or withdrawing its ambassadors, or does it try to maintain leverage by keeping the channels of dialogue open? (See TIME's photo-essay: "Behind the Scenes with Mousavi...
...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 to maintain public confidence in the enterprise, especially in an age of $500 million helicopters and Bridges to Nowhere. At the White House, this worry translated into a simple if fuzzy standard for deciding which projects pass muster: prudence. "It's like pornography," says Edward DeSeve, the senior adviser to the President...