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...composite instead of wood. Each of these has to run on two or more turbo diesels which put out 480 HP at 3,000 PRM. These are not engines which are likely to be used on any of the hijacked ships so they are probably one of the largest direct costs the pirates have. If the pirates operate 50 raiding boat it requires 100 engines. These cost as much as $15,000 each, so the cost of these is about $1.5 million. In most cases, they will not need to be replaced every year. The boat themselves are probably less...

Author: /time Magazine | Title: Somali Pirates Are Getting Rich: A Look At The Profit Margins | 4/15/2009 | See Source »

...money for the cash-for-clunkers program needs to come out of existing stimulus spending, that might take some creative accounting. But a cash-for-clunkers program, whatever its environmental benefits, would provide the government with a way to aid the domestic auto industry without giving Detroit any more direct handouts. "There's a lot of justifiable taxpayer reluctance to keep helping the auto industry," says Goldstein of the Center for American Progress. "Politically this is a viable alternative to sending them additional loan money...

Author: /time Magazine | Title: Cash for Clunkers: A Green Deal to Help Detroit? | 4/15/2009 | See Source »

...Foley. In addition, Harvard students may be succumbing to the same temptations as other undergraduates across the nation. “There’s about 4 or 5 major credit card lenders, and some of them have preyed on students,” Foley said. He said that direct marketing to college-age students has resulted in the increased credit card usage and debt recently. Nonetheless, Foley warned that the disadvantages of excessive credit card debt do not outweigh the advantages offered by this form of payment. “While students need to be cautious about credit cards...

Author: By Peter Bozzo, CONTRIBUTING WRITER | Title: Student Credit Debt Soars | 4/15/2009 | See Source »

This was clear in that successful fourth inning. First, sophomore Dillon O’Neill and Meehan successfully orchestrated a double-steal—although the extra bags would not have a direct impact, as Rogers plated both with a deep triple...

Author: By Jay M. Cohen, CRIMSON STAFF WRITER | Title: Fenway Spirit Adds Special Element to Beanpot | 4/13/2009 | See Source »

...tough penalties, including life imprisonment and a fine not exceeding 25 million dinars ($21,000) for traffickers if the victim "is under 15, or a female, or has special needs." The same punishment applies if the crime was committed by kidnapping or force, or if the criminal "is a direct or distant relative or the victim's caretaker or husband or wife," a tacit acknowledgment that victims are often trafficked by people they know...

Author: /time Magazine | Title: Will Iraq Crack Down on Sex Trafficking? | 4/13/2009 | See Source »

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