Word: foundering
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...auction lot of 21 Michael Jackson items, ranging from vintage posters to a shirt, sold for $205,000 during a Las Vegas event the day after his death. The same items fetched only $15,000 in a private sale about six years earlier, says Darren Julien, president and founder of Julien's Auctions, who hosted the event. Among the items was a heavily-beaded shirt the pop artist wore during his Victory tour. "We had estimated it would get $2,000 to $3,000, but we sold it for $54,000," he says. (See TIME's photos of the Jackson...
...practice more sustainable than conventional food - is worth more than $46 billion. That's still a small slice of the overall food pie, but it's growing, even in a global recession. "There is more pent-up demand for organic than there is production," says Bill Wolf, a co-founder of the organic-food consultancy Wolf DiMatteo and Associates. (Watch TIME's video "The New Frugality: The Organic Gardener...
Other examples include the Mexican-fast-food chain Chipotle, which now sources its pork from Niman Ranch and gets its other meats and much of its beans from natural and organic sources. It's part of a commitment that Chipotle founder Steve Ells made years ago, not just because sustainable ingredients were better for the planet but because they tasted better too - a philosophy he calls Food with Integrity. It's not cheap for Chipotle - food makes up more than 32% of its costs, the highest in the fast-food industry. But to Ells, the taste more than compensates...
...sustainable food can work at an institutional scale bigger than an élite restaurant, a small market or a gourmet's kitchen - provided customers support it. "Ultimately it's going to be consumer demand that will cause change, not Washington," says Fedele Bauccio, Bon Appétit's co-founder. (See pictures of two farms in Nebraska...
Mullah Omar, the elusive one-eyed founder of the Taliban, has reiterated his call to disrupt the election. Responding to overtures from the government for an election cease-fire, Taliban spokesman Qari Yousuf Ahmadi said via e-mail, "We don't feel it is important to have contact with the slavish and corrupt administration, and we don't need them to contact us." He pledged that the election "will be sabotaged in everywhere possible." On Aug. 16, three rocket-propelled grenades (RPGs) were fired into Kandahar city, killing a young girl and injuring four children. The following evenings, small-arms...