Word: spend
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...York Times. Thriller, which was the top-selling album of all time until eclipsed by the Eagles' Greatest Hits, 1971-1975, brought in a reported $125 million for the singer in the years after its release in 1982. Though there were early signs of an inclination to spend - he apparently missed out on landing the bones of John Merrick, better known as the Elephant Man, despite bidding about $1 million for them in 1987 - Jackson showed early investment savvy. Shelling out $47.5 million in 1985 for the rights to a catalog of music that included 251 Beatles songs...
...Little else about his finances was as clever. Blessed with the regular rewards from the Beatles' music and his own, Jackson started to spend. He paid $17 million in 1988 for the 2,800-acre (roughly 1,000 hectares) ranch in California that would become Neverland. Maintaining the theme park - complete with zoo, movie theater and fairground - swallowed up about $5 million annually. As Jackson gradually retreated from work, the additional millions eaten up by plane charters, antiques, lavish gifts and legal disputes - a child-molestation case in the early 1990s cost Jackson around $20 million to settle - left...
...President Barack Obama appears to recognize the tectonic shift. Part of Washington's $787 billion stimulus spending is meant for green initiatives: $2 billion to support lithium-ion batteries and hybrid electric systems, $800 million for a biomass program, $400 million to add electric technologies to vehicles and $400 million for geothermal technologies. But with public debt now equal to 82% of GDP and the budget deficit forecast to hit $1.4 trillion next year, the U.S. is in no position to spend more...
...Above all, East Asians appear more committed to a green agenda than Americans. South Korea has adopted "low-carbon green growth" as its new national vision and will spend $40 billion over four years to transform its industrial policy into "a new paradigm of qualitative growth which uses less energy and is more compatible with environmental sustainability," in the words of Prime Minister Han Seung Soo, whose previous job was special envoy on climate change for the U.N. Secretary-General...
...enough that Natalia Goukassian, then 21, had to spend her honeymoon in June 2006 in West Palm Beach, Fla., helping her husband Tigran find alternative treatments for connective tissue sarcoma, an aggressive cancer, or that six months later, the Air Force-enlisted man, 21, succumbed to the disease. But as it turned out, her painful ordeal had only just begun. While the Veteran Affairs Department deemed the Russian immigrant (not yet a legal resident) eligible for surviving-spouse benefits, immigration officials at Homeland Security took a very different view: at Natalia's interview for legal residence the next year...