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Rather than governments trying to ban ransom payments - which could be futile - Costa suggests trying to choke off the flow of money pirates and kidnap gangs receive. "They may move some of their money offshore, using the hawala [underground banking] system and through third parties, particularly in financial centers where shipping companies are located." Costa and Clinton have also said that shipping and insurance companies should work on developing Somalia, rather than simply paying ransoms - a suggestion that insurance brokers reject. "It's not down to insurance companies to promote peace in Somalia," says Cooper Gay's Regester. "That...

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

...dogs, frozen pizzas and an Easter ham, among other items. Zimmerman figures all the stuff she bought would have cost $300 in the grocery store. She paid $100. "The more we save on food, the more we have for all the other bills each month," Zimmerman says. "Our cash flow can stretch out further. These auctions have just been a blessing...

Author: /time Magazine | Title: Canned Ham, Going Once, Twice: A Rise in Grocery Auctions | 4/19/2009 | See Source »

...sounds like an ebb and flow; we conserve animals for a little while so they can grow in numbers and then we hunt them again...

Author: /time Magazine | Title: Investigating Animal Crimes | 4/17/2009 | See Source »

...soldiers and 6,800 police to poor neighborhoods in the city. But major crackdowns do not seem to hamper the drug trade. In the last few years, several high-profile drug lords have been arrested and extradited to the United States. However, Isaacson notes, "the cocaine continues to flow...

Author: /time Magazine | Title: A Big Arrest Could Revive Medellin Drug War | 4/17/2009 | See Source »

...thing, the flow of capital into the country's financial system is suspiciously high compared with the size of the economy, says Sigfrido Lee, former Vice Minister of Economy and an analyst at the Center for National Economic Investigations, a Guatemalan think tank. This indicates, he says, a likely inflow of illegal money. The U.S. government's recently released 2009 International Narcotics Control Strategy Report backs up those suspicions. Guatemala also has an unusually high number of luxury cars and high-end real estate purchases, Lee says, and buyers often pay in cash. Guatemala City has seen a boom...

Author: /time Magazine | Title: In Guatemala, a Village that Cocaine Built | 4/16/2009 | See Source »

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