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...scenes reminiscent of Britain's infamous trade of stolen gadgets in pubs, furtive traders today knock at the backdoor of upscale restaurants offering a new contraband: caviar. London's hordes of Russian oligarchs and hedge-fund yuppies have sent demand soaring for "black gold," with top varieties such as Beluga now selling for over $3,000 a kilo, whilst the rarest varieties, such as Almas ($50,000 per kilo), whose eggs are white, have a four-year waiting list. The soaring demand for sturgeon roe has created lucrative opportunities for "caviar cowboys," who sell illegally smuggled caviar to unscrupulous chefs...

Author: /time Magazine | Title: Caviar, Off the Back of a Truck | 8/13/2007 | See Source »

When a new outbreak of Foot-and-Mouth disease (FMD) was confirmed on a cattle farm in Surrey, southern England, in early August, Britain braced for the worst. In 2001, the last time the U.K. was hit by this highly contagious illness affecting cloven-hoofed animals, it led to the slaughter and incineration of over 6.5 million animals and cost the country $17 billion. This time, the containment zones that were set up around the affected area right after the first case was reported (a move that took days last time) and a ban on the movement of livestock across...

Author: /time Magazine | Title: Herd of Trouble | 8/10/2007 | See Source »

...company's most recent owner, Italian appliance giant Merloni, invested heavily but never managed to turn a profit, and announced in early 2005 that a buyer had to be found if the 94-year-old company was to survive. With no Italian bidders, offers came from Russia and Britain, though they were focused merely on acquiring the brand. Qianjiang, instead, which turns out 1.2 million scooters a year in China, saw value in buying - and relaunching - Benelli's design and production. That would give them a foothold in the European market, and the move had an industrial logic: unlike Japan...

Author: /time Magazine | Title: China in Italy: Kick Start | 8/9/2007 | See Source »

...quick Rx: offshore outsourcing. In addition to St. Kitts, India, Britain, Belize and Jamaica are using the nursing-school slot shortage as a selling point to recruit American students. The pioneer of this movement is an 88-year-old entrepreneur named Robert Ross. He made his mark in the 1980s when he founded medical and veterinary schools in Dominica, despite having no background in either medicine or education. Ross University grew into a profitable institution with more than 2,000 students, and Ross sold it for $135 million in 2000 to a private-equity firm. He has reapplied his winning...

Author: /time Magazine | Title: Become a Nurse, Get a Tan | 8/9/2007 | See Source »

...There is general agreement, however, that foreigners seem to have more trouble with 'shrooms that the Dutch themselves do. In Amsterdam, some 90 percent of ambulance dispatches related to magic mushroom use this year were for foreign visitors, especially from Britain, trailed at a distance by Italy, the U.S. and France. "Most problems are caused by foreigners who come here on cheap flights to take as many drugs as they can find," says Guy Boels, chairman of VLOS, an association of Dutch magic mushrooms retailers. "They hardly sleep, they drink alcohol and smoke pot as much as they...

Author: /time Magazine | Title: Dutch Consider Magic Mushroom Ban | 8/8/2007 | See Source »

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