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...looked so promising. Mass hysteria kicked off on March 5 when Jackson made a rare public appearance in London to announce the series. "I love you so much," he said in a three-minute speech before a crowd of 2,000 people. "I'll be performing the songs my fans want to hear. This is the final curtain call." That prompted an online frenzy, with 360,000 people registering applications before the ticket office even opened. When tickets ranging from $75 to $115 went on sale the next morning, fans snapped them up at a rate...

Author: /time Magazine | Title: The London Concerts: Michael's Missed Comeback | 6/26/2009 | See Source »

...March issue, London-based Reinsurance magazine reported that the city's insurers were skeptical that Michael would make it all the way through: no insurer was willing to cover all the concert dates, and AEG could arrange a policy only for the first 10 concerts. The magazine added that AEG would face a liability of $492 million if the series were to be canceled. (See pictures of Michael Jackson's live performances on LIFE.com...

Author: /time Magazine | Title: The London Concerts: Michael's Missed Comeback | 6/26/2009 | See Source »

...With annual income from the sale of his and his catalog's music at around $19 million, according to the Wall Street Journal, Jackson was still stretched. When the singer defaulted on a loan in March last year, pushing Neverland into foreclosure, private-equity firm Colony Capital stepped in to bail him out. The 50 concerts planned for London later this year could have netted Jackson as much as $100 million, with a possible world tour to follow generating five times that amount. To Jackson's debtors, if not to the singer himself, that sure would have added...

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

Mercy the bureaucracy denies, for the Church committed a cardinal sin: It didn’t follow procedure. Last March, the diocese spent over $2,000 busing people to a rally in Hartford, where Catholics protested a bill that would have stripped pastors of control over parish finances. In April, the Church again trespassed. On its website, the diocese announced its opposition to a bill that legalized gay marriage and spurred parishioners to “contact your legislator.” OSE christened these three words “lobbying” and warned the diocese against further misbehavior...

Author: By Brian J. Bolduc | Title: Jesus Christ, Registered Lobbyist | 6/26/2009 | See Source »

...reputation for being blunt and confrontational, Avigdor Lieberman has kept uncharacteristically silent since taking over in March as Israel's Foreign Minister. His boss, Prime Minister Benjamin Netanyahu, had reportedly asked him to muzzle his hawkish views for fear of riling the Obama Administration. But in his first major interview, which he gave to TIME, the burly Foreign Minister, who says he shrugs off "political correctness," came out swinging. He lambasted the West for not giving more support to Iranian reformists. "This really fanatic extremist regime is still in power, and the young people who are ready to fight...

Author: /time Magazine | Title: Israel's Lieberman Raps U.S. on Iran, Settlements | 6/25/2009 | See Source »

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