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Counting wasn't a problem for Michael Jackson in the 1970 hit "ABC." Love, he chirped in the Jackson 5 song he co-wrote, was as "easy as 1-2-3." When it came to handling the bigger sums the singer would go on to amass, though, Jackson never really got a grip on the numbers. Profligate spending, a slew of legal settlements and a reliance on ever increasing bank loans blew a hole in the fortune Jackson earned over four decades of performing. Some estimates put the singer's debt at the time of his death at $300 million...

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

...Metro is hardly the only one in the U.S. with an aging fleet. Public-transit advocates in many major cities face a similar problem: an aging, underfunded transit system struggling to safely ferry ever larger numbers of riders. "This does draw attention to the fact that we need to invest a lot more in our transit system," says Deron Lovass, the federal transportation director for the Natural Resources Defense Council (NRDC). "Our highway system is world class, but we've neglected public transit along the same way." (See pictures of Washington...

Author: /time Magazine | Title: The Metro Crash: A Nation's Aging Transit System | 6/26/2009 | See Source »

...Suddenly, now, the Brits were back, and you had to wonder why. Certainly the BBC's Persian service, the most popular source of news for better-educated Iranians, was a real problem for the regime. Khamenei and various flunkies also blamed the U.S., especially the CIA, for the unrest, but the attacks on the Great Satan were muted - a curious development. Was it due to Barack Obama's initial, temperate response to the rigged election results? Was it a recognition that Obama's Cairo speech and New Year's greeting to the Iranian people had made him popular across...

Author: /time Magazine | Title: Can the U.S. Deal with a Divided Iran? | 6/25/2009 | See Source »

...Lowdown: "It all started in Shanghai in 1909," the authors note of the dawn of narcotics regulation. And what a century it's been. What began as an opium epidemic in China has since become a global problem that includes heroin, cocaine, marijuana, amphetamines and a host of other illicit substances that compose a $320 billion-a-year industry, making drugs one of the most valuable commodities in the world. But despite arguments that legalizing drugs would destroy the organized-crime rings that currently control the market, the report argues that "mafia coffers are equally nourished by the trafficking...

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

...conflict was part of a broader "clash of values between civilizations," and that it was not the key for bringing peace to the Middle East, as many believe. "With 9/11 and terrorist acts in London, Madrid, Bali, in Russia, I can't see any linkage with the Israeli-Palestinian problem," the Moldava native told TIME, speaking in Russian-accented English...

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

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