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...vandalism by any number of interested parties and their lawyers. A will Jackson signed in 2002, made public after his death, leaves his estate to a family trust and nothing to Debbie Rowe, his second wife and the mother of Prince Michael Jackson, 12, and Paris Jackson, 11. A third child, Prince Michael II, 7, was born to an unidentified surrogate mother. The star's mother Katherine is named as a beneficiary to the trust and guardian of the three children. But they won't see their inheritance, if any, until the debt issues are resolved. "You have...

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

With California a day away from issuing IOUs instead of paying its bills, Gov. Schwarzenegger and the legislature remain at odds over how to close a now $26.3 billion deficit. Schwarzenegger on Thursday ordered a third unpaid furlough day for 235,000 state employees. With its $1.7 trillion economy sputtering and 11.5% unemployment surging, California's difficulty in balancing its budget could affect the national recovery...

Author: /time Magazine | Title: How California's Fiscal Woes Began: A Crisis 30 Years in the Making | 7/1/2009 | See Source »

...attempt to draw more international visitors, the new attractions will include two themed areas - "Grizzly Trail" and "Mystic Point" - which will be exclusive to Hong Kong's Magic Kingdom for their first five years. A third area, "Toy Story Land" - based on the Disney/Pixar Toy Story film - will be exclusive within the Asian region. The expansion will boost the total number of attractions to more than 100 and enlarge its current space by nearly a third...

Author: /time Magazine | Title: Can Hong Kong Disneyland Get the Magic Back? | 7/1/2009 | See Source »

When Yao Ming went down during the third game of the Houston Rockets' Western Conference semifinals series vs. the Los Angeles Lakers on May 8, the big man moaned and slapped the floor. Now it is Chinese fans' turn to grimace after a team doctor announced on June 29 that the stress fracture in the Chinese basketball player's left foot is more serious than previously feared, and could even end the 7-ft. 6-in. center's career...

Author: /time Magazine | Title: China Fears Yao Ming Injury Could End His Career | 7/1/2009 | See Source »

...while industrial output in the world's second-largest economy jumped 5.9% in May - the third consecutive month-to-month increase - output remains down nearly 30% compared with May, 2008. "Currently, the recovery is boosted by global destocking and the government economic-stimulus measures," says Hiromichi Shirakawa, chief economist at Credit Suisse in Tokyo. "If [those] fade away, it's possible for the [economy] to go down again." (See 10 things to do in Tokyo...

Author: /time Magazine | Title: Japan's Economic Green Shoots Could Wither Fast | 7/1/2009 | See Source »

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