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...that stage will be dismantled - and AEG must deal with the financial aftermath. Jackson's death means the firm will have to refund $85 million in ticket sales. The company will also miss out on expected profits of $115 million from VIP packages and merchandising, and it will lose the chance at an additional $450 million from the three-year worldwide tour they hoped would follow the London gigs. (See the top 10 Michael Jackson moments...

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

...however, the guides explain that Ecuador recognizes this threat and wants to protect its forests. Without nearly the requisite funding, however, it has implored the international community to provide help. Germany has volunteered to lead this charge, but other countries—such as the United States—must join the effort if the jungles of Ecuador are to survive...

Author: By Alexander R. Konrad | Title: A Cloudy Future in Ecuador’s Rainforest | 6/26/2009 | See Source »

...meet a mandated 25 percent House budget reduction.The library cuts as well as others in FAS come as a result of a projected $220 million annual deficit by fiscal year 2011. Recent cuts account for only $77 million of that total, which FAS Dean Michael D. Smith says must be eliminated over the next two years.The budget shortfall is the result of an anticipated $125 million reduction in the payout from the University's endowment to FAS by fiscal year 2011, as well as various expenses and structural deficits that have been exacerbated by faculty hiring and capital expansions...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Harvard Libraries Cuts Jobs, Hours | 6/26/2009 | See Source »

...targeting the right people in cracking down on drug dealing: "Street drug markets do not exist in a vacuum. The drama is played out on a very particular kind of stage, and it is the stage manager, not the actors, that must be addressed. The property in these areas is owned by someone, someone whose neglect of their property allows illicit activity to continue. Unlike the street addicts and gang members, this someone has something of value to lose - their property." See a graphic on addiction and the brain...

Author: /time Magazine | Title: U.N. World Drug Report | 6/25/2009 | See Source »

...earlier opposition to a Palestinian state and said in a major foreign policy speech earlier this month that he now advocates a two-state solution. Lieberman said that previous peace efforts floundered because "it's impossible to impose peace, only to create it." And for that, he said, "We must start with practical issues, like getting rid of roadblocks and illegal outposts [inside the Palestinian territories]. You must understand that we used to have 41 roadblocks and now only have 16 roadblocks." But a U.N. agency disputes Lieberman's count, saying there are 69 roadblocks in the West Bank manned...

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

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