Michael Jackson could have earned US$1.1 billion (NZ$1.9 billion) or more if he had performed a worldwide concert tour and created a Las Vegas show before his death, an accounting expert familiar with the singer’s earning potential told jurors. Arthur Erk, a certified public accountant who conducts royalty audits for musicians, told jurors that Jackson might have earned US$1.5 billion for the shows if he had charged higher ticket prices during later shows on the This Is It tour
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Obama Deficit Plan Is Sensible, but GOP Has Advantage
After exactly three months in office, President Obama called a Cabinet meeting to announce his first push for federal belt tightening. His chief of staff, Rahm Emanuel, had dubbed this initiative “the Dave project,” after the movie in which the eponymous presidential body double invites his accountant to the White House to slice waste out of the budget.