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...September 1st, my classmates and I went off to college. We arrived with packed suitcases, high expectations, and low alcohol tolerances. More importantly, we arrived with a belief in our own invincibility, we were 1600 big fish armed with equal parts optimism and naiveté. Having rarely been confronted with failure, we were united by the belief that these four years would be, if not the best years of our lives, at least excellent preparation for the glorious future promised by graduation speakers around the globe...

Author: By Ashley B.T. Ma, | Title: The Learning Curve | 6/7/2005 | See Source »

...industry without controversy. Environmentalists are wary of aquaculture in general because of pollution from fish wastes and the genetic threat to native species, and they fear that beluga farming will only feed caviar demand and further endanger stocks in the Caspian Sea, source of 90% of the world's supply...

Author: /time Magazine | Title: Entrepreneurs: Fishing for Black Gold | 6/6/2005 | See Source »

Caviar, or salted sturgeon eggs, hasn't always been so valuable. In the 19th century sturgeon were so plentiful in U.S. waters that bars gave caviar away. Overfishing destroyed the industry. Domestic fish farmers are now reviving it, marketing American caviar from such species as paddlefish, trout and hackleback. From white sturgeon alone, U.S. aquaculture is producing about 10,000 lbs. of caviar annually; at $30 per oz. retail, it has become a $5 million-a-year industry. But to Zaslavsky and other sea snobs, American caviar is nothing like beluga. "It's like a $10 wine compared with...

Author: /time Magazine | Title: Entrepreneurs: Fishing for Black Gold | 6/6/2005 | See Source »

...prospects of both operations improved dramatically in March when the U.S. Fish and Wildlife Service issued a surprising--and controversial--ruling permitting aquaculture facilities to raise and sell beluga meat and eggs. The environmental group Caviar Emptor had long been pushing for an outright ban on trade in the beluga, arguing that the species' Caspian population has fallen 90% and might soon be extinct. "This is a grievous mistake," says Ellen Pikitch, one of Caviar Emptor's founders and director of the Pew Institute for Ocean Science. "The beluga is the most valuable fish in the world, and when...

Author: /time Magazine | Title: Entrepreneurs: Fishing for Black Gold | 6/6/2005 | See Source »

...cause of conservation. The theory is that development of a U.S. aquaculture market will take pressure off the endangered Caspian resource by increasing the supply. Zaslavsky says that there are ongoing efforts to preserve the Caspian stock and that farming will help. He says many of the fish in the Caspian are artificially reproduced. "Aquafarming is the future," he says. "We can't avoid it." --With reporting by Kathie Klarreich/Pierson

Author: /time Magazine | Title: Entrepreneurs: Fishing for Black Gold | 6/6/2005 | See Source »

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