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...Free Press did something that very few metro dailies can. It devoted two reporters to the developing story and obviously gave them the time and resources that they needed to bring the whole package of investigating and writing articles home. Newspapers cannot afford this kind of effort the way that they could when two Washington Post (WPO) reporters broke the Watergate story after months of work in 1972 and 1973. The newspaper business was profitable then, very profitable. Some large dailies made margins of over 30%. The Internet as we know it would not be invented for nearly 25 years...

Author: /time Magazine | Title: The Pulitzers: Does Great Journalism Pay? | 4/21/2009 | See Source »

...Gates' reasoning is unlikely to deter many companies, which simply cannot afford to lose hugely valuable vessels and cargo to seaborne bandits. Indeed, insurance premiums have risen along with the ransom amounts, according to Regester, who estimates that coverage for a single voyage through the Gulf of Aden costs about $20,000. With shipping companies hard-hit by the global downturn, some opt simply to take their chances running the gauntlet of pirates, 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...

Author: /time Magazine | Title: Why the Somali Pirates Keep Getting Their Ransoms | 4/20/2009 | See Source »

...regularly mooted, but neighborhood resistance scuppers the plans. Residents worry that proximity to such buildings will bring them bad feng shui and lure large crowds during ancestral-worship festivals. "We Chinese call a place for the dead yum chaak, and a place for the living yeung chaak. They cannot be mixed," says Kenneth Leung, a funeral coordinator. "Nobody wants cemeteries or columbaria near their homes - yet everybody needs them...

Author: /time Magazine | Title: In Hong Kong, Even the Dead Wait in Line | 4/20/2009 | See Source »

...quarter fighting is all but a certainty. But there is likely to be heavy resistance from the Tigers who would literally be fighting a battle for survival. "This is the end of the Tamil Tigers," Hulugalle tells TIME. "They held these civilians by force for so long, but they cannot do that any longer." Just two years ago, the Tigers held vast swaths of land in the country's north, but have now been limited to a 20 sq km (7.7 sq mi) coastal zone surrounded by the military. A naval blockade to the east has also cut off possible...

Author: /time Magazine | Title: Noose Tighter on Sri Lankan Tamil Tigers | 4/20/2009 | See Source »

...civilians who escaped on Monday were among over 150,000 trapped in the now narrow battle zone, according to the U.N.; the Sri Lankan government puts the figure at around 70,000. "We cannot give an exact figure, it is very difficult," Hulugalle says. The U.N. has warned that conditions are precarious within the zone, with civilians running short on safe drinking water and food, and getting caught in the crossfire...

Author: /time Magazine | Title: Noose Tighter on Sri Lankan Tamil Tigers | 4/20/2009 | See Source »

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