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Pirates aren't picky. Armed with Kalashnikovs and rocket launchers and using skiffs mounted with high-powered engines launched from "motherships" disguised as fishing boats, the buccaneers who prowl the waters off the Somali coast pick their prey from the passing shipping traffic like lions selecting a kill: the slower...

Author: /time Magazine | Title: Arrr! The Somali Pirates and Their Troublesome Treasure | 10/3/2008 | See Source »

In the past, fishing quotas - or the government allotments of set amounts of fish to private parties - have not always won over the hearts of seafarers. But looking at more than 11,000 fisheries worldwide, researchers led by scientists from the University of California, Santa Barbara, found that countries that...

Author: /time Magazine | Title: Could Quotas Keep Fish on the Menu? | 10/1/2008 | See Source »

According to Costello, fisheries, or areas where a certain kind of fish is caught, represent a textbook example of a tragedy of the commons - the classic economics metaphor for a shared resource that is ruined because of competition between users. Giving fishermen catch shares - also known as Individual Fishing Quotas...

Author: /time Magazine | Title: Could Quotas Keep Fish on the Menu? | 10/1/2008 | See Source »

Since the introduction of catch shares, however, Alaska's halibut season has gone from one or two short days to nine months. Fishermen are also less likely to risk bad weather, pushing fatalities down 15%. And because the market is no longer flooded with halibut one week out of the...

Author: /time Magazine | Title: Could Quotas Keep Fish on the Menu? | 10/1/2008 | See Source »

The annual Office of Career Services Career Forum included the usual big names: the CIA, Abercrombie & Fitch, NASA, and... Lehman Brothers?... Oh, wait. While many students and recruiters were out in full force at Gordon Track last Friday, lots of the big finance companies failed to make an appearance at...

Author: By Li S. Zhou, CONTRIBUTING WRITER | Title: You Schmooze, You...Win | 10/1/2008 | See Source »

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