Word: briefness
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...last several weeks have also seen the emergence of the slogan that "things are not getting bad as fast as they were." Some of that relied on slowing weekly unemployment figures and better-than-expected consumer sentiment. For a brief period, all of the statistics on the economy were read as being good. The first set of numbers that let nagging doubt worked its way into optimistic minds was the sharp increase in foreclosure rates. In March there was a 46% increase in filings compared with the same month last year. That news was followed quickly by unexpectedly poor numbers...
...rather than pay insurance premiums. "I reckon less than 10% of vessels are insured now," says Regester. "K&R policies are considered a luxury." Whether or not they are covered, many companies pay ransoms, calculating that it is cheaper than losing the vessel and its entire cargo. (Read a brief history of pirates...
...after U.S. Navy SEAL snipers killed three pirates who were holding Richard Phillips, the captain of the container vessel Maersk Alabama - the first U.S.-flagged ship to be seized off Somalia. The last-resort military rescue plan was put into action after ransom negotiations had broken down. (Read a brief history of the Navy SEALs...
...later released by the airforce. According to the Defense Ministry, Tigers also carried out three suicide attacks as the civilians began to flee across the frontline. Army sources in the capital Colombo add that the attacks killed 17 civilians - including several children - and injured 200. (Read a brief history of the Tamil Tigers...
...Read a brief history of pirates...