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Recently we've become used to the idea of modern-day piracy, as we hear more and more stories of gangs hijacking ships for ransom in the lawless waters of East Africa. But the mysterious disappearance of a 4,000-ton cargo ship off the coast of England two weeks ago suggests the most unlikely of scenarios: buccaneering has returned to Europe...

Author: /time Magazine | Title: Has Piracy Spread to Europe's Waters? | 8/13/2009 | See Source »

...July 24, the Maltese-flagged Arctic Sea reported that it had been boarded by gunmen posing as law-enforcement officers off the coast of Sweden and that its 15 Russian crew members had been tied up and beaten. Four days later, the ship - which was carrying a load of timber from Finland worth $1.84 million - sailed into the English Channel, where it made routine communications with British maritime authorities, who at the time were unaware of the hijacking. About 50 miles (80 km) off the coast of Britain, the ship then slipped off the radar...

Author: /time Magazine | Title: Has Piracy Spread to Europe's Waters? | 8/13/2009 | See Source »

...July 28, ship managers based in Finland finally reported the hijacking to the Helsinki police, according to the MMA. Later that same day, the ship passed through the English Channel, communicating its position and speed to the British coast guard as dictated by standard procedure, with no mention of any trouble. The ship's Automatic Identification System, which relays the ship's position to authorities, was either switched off or broken. According to CNN, three days later, Swedish police phoned the ship and spoke to someone they believed to be the captain. When the ship failed to make its scheduled...

Author: /time Magazine | Title: Has Piracy Spread to Europe's Waters? | 8/13/2009 | See Source »

...just how much I love the Braves. Watching the Braves beat the National League-leading Dodgers twice in extra innings on back-to-back nights was mesmerizing. And so it only seems natural that I adopt the American League version of the Braves as my West Coast team. The Angels will very rarely play the Braves, so my allegiances will never be tested...

Author: By Dixon McPhillips | Title: A FAN FOR SALE FINALE: This Fan is Sold | 8/12/2009 | See Source »

...price. What is more important for a healthy market is that there be a prevailing logic or reason - rooted in local neighborhoods, in local economies - for houses to cost what they do. And that sort of logic, as illustrated by Boise, is reclaiming the housing market from coast to coast...

Author: /time Magazine | Title: How the Housing Market Is Fighting Its Way Back | 8/10/2009 | See Source »

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