Good Economic News at Last

Argh! Ransoms up 37%

In theses times of layoffs, deficits and budget cuts, anything involving finances that grows at a 37% clip over two years is good news, right? Well, here’s the latest on the pirate front, from Kenya’s The East African:

Ransom payments paid by shipping companies to Somali pirates have reached nearly $110 million this year — a 37 per cent jump in two years — despite the increasing success of international naval forces in preventing pirate attacks.

Well…I’m sure it’s good news somewhere.

Related Topics: Military, National Security, Navy, Pentagon, Piracy, Somalia, Terrorism
  • Latest on Battleland

    Getty

    Trash Talk…

    Trash can be deadly. You can get a hint of that from the contract solicitation issued Tuesday by the Defense Logistics Agency’s European disposition office seeking “hazardous waste services in southwest Asia.”

    Army photo / Sgt. Michael J. MacLeod

    Firefight Along Highway 1

    Reuters

    Americans Choose Up Sides — Japan Over China

    TOKYO – Maybe it’s sympathy from last year’s triple disasters or maybe it’s just China being China. But for what it’s worth, Americans increasingly view Japan as its most important ally in Asia.

blog comments powered by Disqus