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...sensible incubators have also had a tough time navigating the new landscape. "We made a number of absolutely terrible investments," says Michael Whitaker, ceo of Britain's NewMedia Spark, which last December wrote down the value of its investment portfolio by about $65 million. "We just got carried along by the general euphoria." The lesson? "Investment is about people," he says. "I think I knew that, but I just forgot it for a minute...

Author: /time Magazine | Title: Nothing Ventured | 3/19/2001 | See Source »

...Records, to produce and release both his own tracks and other artists' work. Present projects include two new singles by Darude for the U.K. market - "They want something special, a little different" - and a new spin for Swedish star Jessica Folker. With only a handful of artists in his portfolio, Salovaara is content to favor musical values over volume. "Darude went so well," he says, "I just want to keep that quality." - By Elinor Shields

Author: /time Magazine | Title: Feeling Like A Number One | 3/19/2001 | See Source »

Shanghai babies are always on the lookout for something better. They research their stock portfolio. They sweep on their mascara and pluck their eyebrows to craft the perfect face. They play the part of sex kitten with lots of meow, because that's what men want. But the strobe exposes the girls for what they really are. The flashes of harsh, white light strip Fifi's face of her makeup - and her contrivance. In that freeze-frame instant, Fifi isn't a sexy sophisticate, just an innocent girl searching for love. In a place called Babylon, where Shanghai babies pretend...

Author: /time Magazine | Title: Girls Just Wanna Have Fun | 3/19/2001 | See Source »

...health problems were to force Cheney to slow down and reduce his portfolio--adopting work habits more like Bush's--the President would at the very least have to make adjustments to his routine. A lightened Cheney work load wouldn't rob Bush of his Veep's most important function--offering advice and counsel--but it would put a heavier burden on other top aides. Bush might have to do more of the things Cheney now does for him that staff members can't, like tending to conservatives on Capitol Hill and resolving disputes between Cabinet Secretaries. If Cheney were...

Author: /time Magazine | Title: Easy Does It | 3/19/2001 | See Source »

...most part, Buddhist sculpture made before the arrival of the Muslims in the 8th century) were to be destroyed. "The statues are no big issue," said an official, Qadratullah Jamal, from his office in the capital, Kabul. "They are only objects made of mud or stone." Jamal's portfolio? The Taliban's Minister of Information and Culture...

Author: /time Magazine | Title: Buddha Bashing | 3/19/2001 | See Source »

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