Word: chathams
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...which oil is traded, say some experts, who recommend the introduction of mechanisms designed to prevent speculators from plunging into markets and withdrawing billions of dollars just as suddenly. "The prices are being largely made in the paper markets," says Paul Stevens, energy analyst at the London think tank Chatham House. "People are moving in and out of the market on a daily basis." The market is especially open to speculation since oil is traded in futures on the New York Mercantile Exchange, where traders are betting on what oil will be worth in a month or two, rather than...
...most Zimbabweans don't expect to be rid of Mugabe anytime soon. "You can have governments under threat from a few days of protest in Thailand or Greece, or food riots destabilizing regimes around the world," says Alex Vines, head of the Africa Program at the London think tank Chatham House, "but Zimbabwe is different. Zimbabwe always surprises you with how little changes...
...Canal annually. There are several gangs of pirates; armed with Kalashnikov rifles and traveling on small fishing boats and skiffs, they have attacked more than 80 ships and hijacked at least 30, collecting anywhere from $18 million to $30 million in ransom, according to the British strategic think tank Chatham House. Big paydays have made them progressively bolder: one gang is still holding on to the MV Faina, the Ukrainian freighter carrying a consignment of Russian tanks that was hijacked on Sept...
...ambiguous at best - and does say that the consignee is Kenya's Ministry of Defense. "After a ship is released, what normally happens is, the ship is taken and debriefed by the warships that are closest to it," says Roger Middleton, the Africa Program consultant at the Chatham House think tank. "I'm pretty sure that whatever happens, they're going to be escorted for the rest of their journey. But the thing is that if these have been bought legally, I don't know that there's a lot anybody can do to keep them from reaching their destination...
...vessel is typically held for a few days or weeks while the pirates negotiate a ransom with the ship's owners, usually netting between $500,000 and $2 million. Then ship and crew are then released unharmed. This year, according to a new report by the British think tank Chatham House, the Somali pirate industry has raked in as much as $30 million...