COVER

BUSINESS

Feeding Frenzy

Livedoor's founder is in jail and his stock has imploded, but the growth-by-acquisition strategy he popularized is too lucrative for Japan to jettison it

BRIEFING

Kim's Bad Habit (Notebook)

A confidential report obtained by TIME implicates North Korea in the manufacture of counterfeit cigarettes

Verbatim (Notebook)

Quotes of the Week

Letters (Notebook)

The Secrets of Ambition

ARTS & ENTERTAINMENT

GLOBAL ADVISER

Style Watch (TIME Global Adviser)

Looks Good on Paper

Park Life (TIME Global Adviser)

Brooklyn's Park Slope is becoming one of New York's coolest quarters

"Take Me to the Serena" (TIME Global Adviser)

Tell that to your cabbie if you want to find unlikely luxury in Kabul