$this->bbcode_second_pass_quote('', '[')b]The Man in the Mirror
By James Howard Kunstler
on June 29, 2009 6:01 AM
... Like the United States, Michael Jackson was spectacularly bankrupt, reportedly in the range of $800-million, which is rather a lot for an individual.
... Like the USA, Michael Jackson was a has-been. He hadn't recorded a song worth listening to in over two decades. He had done almost nothing but spin his wheels, hop around the globe from one place to another at enormous expense, and make himself available for award ceremonies to stoke his ego (and give advertisers a reason to promote some televised award show). He existed strictly on image, an anorectic figure nourished by moonbeams of attention, famous for saying that he loved his worshippers when the truth was he merely sucked the life out of them. In his last years, he even looked a bit like Nosferatu, the personification of the un-dead, and his fascination with ghouls was the basis for his biggest hit way back in the last century. A zombie nation deserves a zombie mascot.
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PeakOil is You
Celebrity Deaths (merged)
Re: Feeling old, RIP Farrah and Michael
by bratticus » Wed 01 Jul 2009, 22:28:33
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Re: Feeling old, RIP Farrah and Michael
by bratticus » Thu 02 Jul 2009, 06:59:07
Doesn't look like Kunstler was right about the bankruptcy. But he is right about MJ being like the US: massively in debt.
$this->bbcode_second_pass_quote('', '[')b]AP Exclusive: Jackson said net worth $236M in 2007
By STEVENSON JACOBS
July 1, 2009
NEW YORK (AP) — It's one of the biggest mysteries in the Michael Jackson saga: How much was the lavish-spending, massively debt-ridden pop icon really worth?
In the most detailed account yet of the singer's tangled financial empire, documents obtained by The Associated Press show Jackson claimed to have a net worth of $236.6 million as of March 31, 2007. But less than $700,000 of that amount was in cash — a relatively paltry sum given his opulent lifestyle, prodigious borrowing and seven-figure shopping sprees.
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Jackson had $567.6 million in assets, including his Neverland Ranch and his share of the Sony/ATV Music Publishing catalog, which includes the rights to songs by the Beatles, according to a statement of financial condition prepared by Washington, D.C.-based accounting firm Thompson, Cobb, Bazilio & Associates.
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The five-page report says Jackson had debts of $331 million. The singer had just $668,215 in cash, according to the report.
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The report puts a net value on Jackson's 50 percent stake in the Sony/ATV Music Publishing catalog — his most prized asset — at $390.6 million. The 750,000-song catalog includes music by the Beatles, Bob Dylan, Neil Diamond, Lady Gaga and the Jonas Brothers.
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It's likely that Neverland, a 2,500-acre property in the rolling hills of Santa Barbara County, has dropped in value since 2007 along with the rest of the battered California housing market, experts said.
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$this->bbcode_second_pass_quote('', '[')b]AP Exclusive: Jackson said net worth $236M in 2007
By STEVENSON JACOBS
July 1, 2009
NEW YORK (AP) — It's one of the biggest mysteries in the Michael Jackson saga: How much was the lavish-spending, massively debt-ridden pop icon really worth?
In the most detailed account yet of the singer's tangled financial empire, documents obtained by The Associated Press show Jackson claimed to have a net worth of $236.6 million as of March 31, 2007. But less than $700,000 of that amount was in cash — a relatively paltry sum given his opulent lifestyle, prodigious borrowing and seven-figure shopping sprees.
... skip ...
Jackson had $567.6 million in assets, including his Neverland Ranch and his share of the Sony/ATV Music Publishing catalog, which includes the rights to songs by the Beatles, according to a statement of financial condition prepared by Washington, D.C.-based accounting firm Thompson, Cobb, Bazilio & Associates.
... skip ...
The five-page report says Jackson had debts of $331 million. The singer had just $668,215 in cash, according to the report.
... skip ...
The report puts a net value on Jackson's 50 percent stake in the Sony/ATV Music Publishing catalog — his most prized asset — at $390.6 million. The 750,000-song catalog includes music by the Beatles, Bob Dylan, Neil Diamond, Lady Gaga and the Jonas Brothers.
... skip ...
It's likely that Neverland, a 2,500-acre property in the rolling hills of Santa Barbara County, has dropped in value since 2007 along with the rest of the battered California housing market, experts said.
... snip ...
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Re: Feeling old, RIP Farrah and Michael
by bratticus » Mon 17 Aug 2009, 21:37:46
Some things never change.
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Re: Feeling old, RIP Farrah and Michael
by Serial_Worrier » Wed 26 Aug 2009, 14:30:42
Why mourn these particular people above all the other unknown dead? I mourn the loss of every soul, except evil people.
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Former Alaska Senator Ted Stevens killed in crash
by Tanada » Tue 10 Aug 2010, 19:40:20
http://www.reuters.com/article/idUSN1013995020100810
$this->bbcode_second_pass_quote('', ' ')ANCHORAGE, Alaska, Aug 10 (Reuters) - Former U.S. Senator Ted Stevens, who for several years played a leading role in controlling the nation's purse strings, died with four other people in a small plane crash in his home state of Alaska, officials said on Tuesday.
Four people survived Monday night's crash near Bristol Bay in southwest Alaska. Among them was Sean O'Keefe, North American chief of European aerospace giant and Airbus maker EADS (EAD.PA), and a former NASA Administrator who was a former aide and longtime friend of Stevens.
O'Keefe's son, Kevin, also survived, the company said in a statement, but details of their condition were not disclosed.
More at link above$this->bbcode_second_pass_quote('', ' ')ANCHORAGE, Alaska, Aug 10 (Reuters) - Former U.S. Senator Ted Stevens, who for several years played a leading role in controlling the nation's purse strings, died with four other people in a small plane crash in his home state of Alaska, officials said on Tuesday.
Four people survived Monday night's crash near Bristol Bay in southwest Alaska. Among them was Sean O'Keefe, North American chief of European aerospace giant and Airbus maker EADS (EAD.PA), and a former NASA Administrator who was a former aide and longtime friend of Stevens.
O'Keefe's son, Kevin, also survived, the company said in a statement, but details of their condition were not disclosed.
Pure coincidence that a powerful oil lobbyist and a oil financial expert both die within a day of each other, if the rule of three is true who will be next?
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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