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Michael Jackson wins Halloween box office race, 'Saw VI' continues to suffer

It was a triumphant weekend for Michael Jackson. And how fitting it was that the man who gave us the Thriller masterpiece saw victory during a weekend devoted to all things Halloween.

According to early estimates at Box Office Mojo, Michael Jackson's This Is It, distributed by Sony (NYSE: SNE), grossed about $21 million at domestic theaters, good for the top slot. The total tally for the film is over $32 million once the Wednesday opening is taken into account.

Continue reading Michael Jackson wins Halloween box office race, 'Saw VI' continues to suffer

A&E plans a Jacksons reality show

The lead singer might be gone, but the Jacksons are still planning to go ahead with a series on A&E about their preparations for some kind of reunion.

A&E confirmed the planned series on Tuesday but was quick to point out that it had been in the works prior to Michael Jackson's death. Jodi Gomes, an executive producer with the production company behind the show, told the New York Times that the show will feature Jermaine, Jackie, Marlon, Randy and Tito "as they reunite as brothers, obviously underneath a cloud of tragedy."

Continue reading A&E plans a Jacksons reality show

Consumers: Income & savings up -- Gov't worried

We live in amazing times. Consumers are earning more; at least the ones with jobs. They are also saving more than they have in the last 15 years. The savings rate, which was hovering near zero in early 2008, surged to 6.9 percent, the highest level since December 1993. I think that is fantastic!

Ben Franklin said, "A penny saved is a penny earned". If that is true, then people are improving their economic condition day by day. Strange as it might seem, the government is troubled by this.

The government and many economists are worried that without greater spending by consumers any economic recovery will be stalled that much further. During our recent manic economy, over the past decade, consumer spending was responsible for about 70% of the GDP.

I say to all my readers, let others spend -- YOU KEEP SAVING -- and reducing debt. You will be glad you did. The consumer led economy was a false economy. The world is mourning the sudden death of Michael Jackson who passed away yesterday from yet to be determined causes leading to cardiac arrest, reportedly $400 million in debt. You think he was under any stress?!

Continue reading Consumers: Income & savings up -- Gov't worried

Michael Jackson shopping for East Coast vacation home

Vice-President Dick Cheney, he of the fourth branch of government, may be getting a new neighbor at his St. Michaels, MD estate -- he of the second branch of homo sapiens, Michael Jackson.

The Washington Post confirmed yesterday that that Thriller has been shopping the tony East Coast for a possible holiday home, a place to get away from the stress of Dubai. The St. Michaels area is already home to another public pariah, Donald Rumsfeld, who owns the all-too-appropriately named estate Mt. Misery (aka Guantanamo North).

I expect the local residents would open up their arms to Jackson and his entourage, if only to hold him securely while they apply New Jersey boots (the cement kind) to his feet. (And his little monkey, too). If that doesn't work, look for the Vice-President to invite him out for a little hunting.

Probably not coincidently, Jackson is due to release a new album later this year, his first in many years, under his own label.

Perhaps Jackson would be better advised to build his own gated community so he can hand-select his neighbors. I'd think O.J., Robert Blake, and Gary Glitter would be up for a time-share.

Jacksons on the auction block

A memorabilia auction of "thrilling" proportions kicked off in Las Vegas today, as more than 1,100 items related to the Jackson family (that's Michael, Janet, and the rest; not Andrew, Alan, or Kate) hit the auction blocks at the Hard Rock Hotel and Casino. Fans and collectors from around the globe are expected to descend, with millions of dollars in hand to scoop up some of the King of Pop's mementos.

Called a "once-in-a-lifetime occurrence" by the president of Guernsey's auction house, the list of items includes a 1987 inked contract for Michael Jackson's $30 million purchase of his "Neverland" ranch and the handwritten lyrics for Jackson Five single "ABC." One of the singer's famous militaristic red jackets is also available for the right price, as well as with a frilly dress worn by an eight-year-old Janet Jackson (I'm assuming this item is free of wardrobe malfunctions).

Two weeks ago, Jackson's team of attorneys stopped its attempt to block this auction from occurring. Mr. Jackson was seeking the return of many items he deemed personal property, but which luggage transportation company Universal Express currently owns. Universal bought the collection for $5 million from a New Jersey businessman, but now projects the materials could fetch about $50 million.

Beth Gaston Moon is an analyst at Schaeffer's Investment Research.

Michael Jackson selling Neverland?

Interested in an ornately decorated pseudo amusement park that was the site to controversial slumber parties and one of the most colossal mental collapses in American celebrity history?

You snooze, you lose, and you may now have some steep competition. According to that benchmark of journalistic integrity, The New York Post's "Page Six," Michael Jackson may finally be unloading his infamous Neverland Ranch in an effort to pay down a reported $200 million in debt Is he willing to acknowledge his dire financial straits now?

The reclusive pop star originally put his 2,700-acre Santa Barbara estate on the market several years ago (and fled the premises in 2005), but it may have attracted a buyer in the form of Bill Huff. Sources indicate that Mr. Huff is willing to pay roughly $20 million for the property, which was originally listed closer to $50 million, which includes a zoo, a movie theater, carnival rides and all of that fun pop-culture history.

Compared with what the Beckhams are shopping for, that's a steal.

Representatives for the King of Pop refute the report, however, stating that Neverland is not, in fact, for sale and that reports of negotiations with Mr. Huff are "not true."

Beth Gaston Moon is an analyst at Schaeffer's Investment Research.

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Last updated: February 11, 2012: 10:53 PM

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