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...with the estate's current net worth north of $200 million and likely to spew cash forever, the vultures will circle ever lower; expect the convergence of cash and carrion. The will is sure to be contested. However sad the child-molestation cases were, the battles over the Jackson fortune, and the allegations that are sure to surface, will be uglier still. (Read "Remembering Michael Jackson on Twitter...

Author: /time Magazine | Title: The Battle Over Michael Jackson's Legacy | 7/2/2009 | See Source »

...gory details. "Our wallet is empty, our bank is closed. Our credit is dried up," he says. But the crisis has not helped bind up the gaping political divisions over what to do about it. Democratic lawmakers have proposed cutting billions of dollars from the state's safety net and educational system to balance the budget. Governor Schwarzenegger says the cuts must go even deeper and joins legislative Republicans in refusing to raise taxes. On Wednesday, Schwarzenegger said, "Haven't we promised too much the last couple of decades?" (See pictures of the recession...

Author: /time Magazine | Title: California's Budget Crisis: Is There a Way Out? | 7/2/2009 | See Source »

...patterns of dialogue and influence among the Justices evolve over years rather than weeks. Whereas outgoing Justice David Souter has an established relationship with Kennedy, Sotomayor is starting from scratch. So until Sotomayor settles in with her new colleagues, Souter's departure and her arrival may represent a net loss of liberal influence rather than a gain...

Author: /time Magazine | Title: What the Court's Firefighter Ruling Means for Sotomayor | 6/30/2009 | See Source »

...Recruiters are likewise admitting to better vibes. "We're starting to see some of those famous green shoots," says Peter Felix, President of the Association of Executive Search Consultants. The $11 billion executive search industry took a dive in the first quarter of the year, with average net revenues tumbling 38% from 2008. But now that things have hit rock bottom for headhunters, they're seeing companies once again ask for help in filling crucial top spots. "There's a limit to how long you can hold your breath," says Felix. "Things are beginning to ease up a bit. Companies...

Author: /time Magazine | Title: As Jobless Claims Mount, Executive Recruiters See Hope | 6/25/2009 | See Source »

...rule of the sport hanging in the balance, and during the rain delays they are both repairing to the same little room. Tennis is incredibly intimate. Yet in this match there was no physical contact at all between the players until the end, when they shook hands at the net...

Author: /time Magazine | Title: Tennis Writer L. Jon Wertheim | 6/23/2009 | See Source »

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