Monday, June 16, 2008

Covenant News- The Latest Industry & Social News From the Entertainment & Media Capital of the Universe, HOLLYWOOD, Los Angeles.CA. Mon,16 June 2008

Get ready Vegas, here he comes!

There's been talk of Michael Jackson doing in a show in Sin City, but this time the chatter might be for real.

Remember last month when Colony Capitol saved Neverland?

The investment firm paid the outstanding balance on Wacko's property, which was set to go up for auction because he was sooooo behind on mortgage payments.

Well, M.J. still owes Colony $23 million and one of the ways they're talking to him about repayment is by setting up a deal for him to headline his own Vegas show, the Wall Street Journal is reporting.

Colony Capital, based in Los Angeles, owns the Las Vegas Hilton and is a major shareholder in the Station Casinos chain.

Colony Capital CEO Tom Barrack tells the Journal, "We've been having discussions with Mr. Jackson about a recapitalization and refinancing of Neverland in addition to various other business opportunities and mutual interests."

Yeah, they better look into other opportunities.

Michael's never go have a Vegas show - that would require him to actually work, something he's hated doing for close to a decade now!


India's richest man,

Mukesh Ambani, is shaping his country via capitalism, with echoes of Mohandas Gandhi.

The current global energy-food crisis is, understandably, a pocketbook issue in America.

But when you come to Egypt, you see how, in a society where so many more people live close to the edge, food and fuel prices could become enormously destabilizing.

If these prices keep soaring, food and fuel could reshape politics around the developing world as much as nationalism or Communism did in their days.

A few years ago, Egypt's president, Hosni Mubarak, belatedly but clearly embarked on an economic reform path that has produced 7 percent annual growth in the last three years --

and now all that growth is being devoured by food and fuel price increases, like a plague of locusts eating through the Nile Delta.

Let's start the day here at Hussein el-Ashri's poultry shop --

in the lower-middle-class district of Shubra --

a shop that gives new meaning to the term "fresh chicken."

Customers arrive, select a live chicken out of a coop.

It's slaughtered and de-feathered while you wait and handed to you in a bag with all the parts.

Business had grown steadily over the years at Ashri's shop, as Egypt's lower-middle classes could afford more meat.

But in the past six months, the price of chicken has doubled.

Ashri explained:

"Everything has gone up -- electricity, the price of feed, gasoline, labor, the price of medicine for the chickens.



Some people use the Internet simply to check e-mail and look up phone numbers.

Others are online all day, downloading big video and music files.

For years, both kinds of Web surfers have paid the same price for access.

By now three of the country's largest Internet service providers are threatening to clamp down on their most active subscribers by placing monthly limits on their online activity.

One of them, Time Warner Cable, began a trial of "Internet metering" in one Texas city early this month, asking customers to select a monthly plan and pay surcharges when they exceed their bandwidth limit.

The idea is that people who use the network more heavily should pay more, the way they do for water, electricity, or, in many cases, cell phone minutes.


It will take the United States a century to recover from the damage wreaked by President George. W Bush, US writer Gore Vidal said in an interview published on Saturday.

"The president behaved like a virtual criminal but we didn't have the courage to sack him for fear of violating the American constitution," Vidal told the El Mundo newspaper.

The author, a trenchant critic of the US-led invasion of Iraq, said it would take the United States "100 years to repair the damage" caused by Bush.

"We live in a dictatorship.

We have a fascist government ...which controls the media," he said.

Vidal also said presidential aspirant Barack Obama was "intelligent" adding that it would be a "novelty" to have an "intelligent" person in the White House.


***Anita Busch, the journalist who was famously threatened by associates of jailed Hollywood snoop Anthony Pellicano while reporting for the L.A. Times, has a letter in Saturday's LAT co-signed by ex-New York Times correspondent Bernie Weinraub.

They object to a flippant Pellicano reference by Calendar reporter Rachel Abramowitz, and also pick up Busch's ongoing complaint that the Times has sided with Pellicano over her.

*L.A Times staff writer Rachel Abramowitz's Hollywood Brief will "give the town's culture, personalities and power players the close-up they deserve -- but may not always want."


Susan Atkins, center, did the stabbing of actress Sharon Tate during the August 1969 murders in Benedict Canyon that are popularly blamed on Charles Manson.

Atkins was the killer who famously wrote PIG in Tate's blood on the front door of the home shared by the actress and her husband, Roman Polanski.

Atkins was sentenced to death in 1971, but like all of the Manson followers who got death sentences, hers was changed to life in prison when capital punishment was temporarily deemed unconstitutional.

The longest-serving female inmate in the California prison system, Atkins is reportedly dying of brain cancer and has had a leg amputated.

A request for compassionate release is pending before prison authorities.

Manson prosecutor Vincent Bugliosi says he is OK with Atkins getting out, given her failing health.

Tate's sister and last living relative, Debra Tate, wants Atkins to stay locked up.


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