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...Somalia Pirate Booty The Somali pirates who had held a Saudi oil tanker captive for nearly two months released the ship after receiving a reported $3 million ransom on Jan. 9. All did not end well for the pirates, however: reports said several of them drowned when their boat capsized as they returned to shore. The tanker, the Sirius Star, is the largest ship ever hijacked and had been held since Nov. 15. It was carrying about $100 million worth of crude...
Wickrematunge could not accept that kind of thinking. Even a wartime government, he believed, ought to be held accountable to its citizens. Stories in the Sunday Leader raised questions about who benefited from military aircraft contracts, needled Sri Lankan Cabinet officials for extravagant trips abroad and, in one infamous exclusive, accused the Defense Minister of arranging false travel documents for a former LTTE leader who is now part of the government. The Defense Ministry has denied any involvement...
...Safety Code 1799.102, which provides that "no person who in good faith, and not for compensation, renders emergency care at the scene of an emergency shall be liable for any civil damages resulting from any act or omission." However, in its sharply divided 4-3 ruling, the high court held that the state statute immunizing rescuers from liability applies only if the individual is providing medical care in an emergency situation, citing the statute's placement in a section of the code dealing with emergency medical services. Torti, who is not a health-care worker, believed she was acting...
...accused Egypt of catering to Israel (Cairo had just played host to Israeli Foreign Minister Tzipi Livni). The Hamas source commented pessimistically, "We're 100% sure that Israel won't accept our demands, but let's see how far the Egyptians get with them." Israeli Prime Minister Ehud Olmert held a late-night meeting with his advisers to brief envoy Amos Gilad, who flies to Cairo Thursday for talks with the Egyptians. (See pictures of Israeli soldiers sweeping into Gaza...
...rest of us in coach? The Securities and Exchange Commission (SEC) encouraged the growth of unlicensed, unregistered feeder funds when it liberalized investing rules in the 1996 National Securities Markets Improvement Act, now part of the Investment Company Act of 1940. As a result, anyone managing pooled investments held by fewer than 100 people, or managing monies for an unlimited number of "qualified purchasers" (investors with more than $5 million or institutions with more than $25 million), need not worry about SEC registration...