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...course, Adrià's cooking isn't like anyone else's. He and his team spend six months of the year traveling and tasting, trying new ingredients, inventing new techniques. For the Flögels and El Bulli's 48 other customers on Monday night, the result of all that investigation and inspiration took the form of "spherified" olives that, when put in the mouth, exploded with a gush of intensely flavored olive oil. The liquid yolk of a quail's egg came wrapped in a hard burnished shell tasting of candy. Citrus pulp turned into a tangy risotto...

Author: /time Magazine | Title: Tastemaker | 7/5/2007 | See Source »

...social networking. The term is applied mainly, though, to the services that enable users to collect and communicate with a network of "friends." Friendster was the first, in 2002. The rise of these outfits has been one of the great business and societal stories of recent years. Americans now spend more time on MySpace, which was founded in 2004 and has supplanted Friendster, than on any other domain, including Google...

Author: /time Magazine | Title: Old Friends on Facebook | 7/5/2007 | See Source »

...Just don't forget that any stock comes with risks. On June 22, the day of Blackstone's IPO, the Wall Street outfit Bear Stearns, which has been publicly traded for two decades, announced that it would spend up to $3.2 billion bailing out an internally run hedge fund that was flailing from bad bets in the declining sub-prime mortgage market. The stock dropped more than 4% for the week...

Author: /time Magazine | Title: Should You Bet on a Hedge Fund? | 6/27/2007 | See Source »

Europe's open borders are a strong draw for traffickers, because they allow smugglers to move with relative ease across the Continent, which contains millions of people with money to spend. The strong euro is also a lure. A kilogram of uncut cocaine wholesales for about $40,000 in Spain - roughly double the U.S. price. (In Russia and Norway, one kilogram can fetch up to $120,000.) Divided into street-sized amounts, a kilogram can earn five times those figures. Since moving in on Europe in the mid-'90s, the cartels - overwhelmingly Colombian, but also Venezuelan and Mexican - have hugely...

Author: /time Magazine | Title: Cocaine Country | 6/27/2007 | See Source »

...what most people thought was the old standard: If it looks like an ad for a candidate, then it probably is. That standard grew out of the court's 2003 decision upholding McCain-Feingold's ban on candidate ads just before an election, so long as companies could still spend money on ads about issues...

Author: /time Magazine | Title: A Setback for McCain-Feingold? | 6/26/2007 | See Source »

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