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...minutes of a vessel being seized by Somali pirates (or foreign oil workers being nabbed in Venezuela or Nigeria) the crew alerts its company headquarters. There, officials call the company's insurer, which then contracts a "response company" - private firms, like Control Risks in London or ASI Global in Houston, which are generally staffed by former military personnel experienced in hostage situations, and whose day rates can run to thousands of dollars, according to insurance brokers. Those companies begin negotiations with the kidnappers or pirates, and are usually authorized to take decisions without agreement from the shipping or oil companies...

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

...independence, a surefire crowd-pleaser in the reddest of red states, one with a profound sense of its own identity, independent history and anti-Washington sentiment. "Texas has yet to learn submission to any oppression," Perry told roaring tea-party crowds in Austin and Fort Worth, quoting Sam Houston, Texas' founding father. (See pictures of a post-Dubya Crawford, Texas...

Author: /time Magazine | Title: What's All That Secession Ruckus in Texas? | 4/18/2009 | See Source »

...governor's strategy working? While Perry was whipping up the tea-party crowds, Senator Hutchison was in Houston touting her work in Washington and her support for the federal deductability of state sales taxes. "The Senator is on the front lines in working against the Obama Administration and their unnecessary spending," her spokesman said. It was weak tea compared to Perry's red rhetoric. Straddling the Washington-Texas divide has been difficult for Hutchison. While Perry has been outspoken in rejecting federal unemployment funds, saying they would result in increased premiums for Texas employers, Senator Hutchison has been criticized...

Author: /time Magazine | Title: What's All That Secession Ruckus in Texas? | 4/18/2009 | See Source »

...bring their CDs to the nearest hotel by May 31 for consideration. If selected, you get your music played and one free night at the hotel, which you must use by September 7. Winners will be notified by June 22. 449 West 36th Street (Midtown West); 135 East Houston Street (SoHo); 300 West 22nd Street (Chelsea...

Author: /time Magazine | Title: Celebrate! It's Spring Festival Season | 4/13/2009 | See Source »

...megacases, including the landmark bankruptcy that resulted from lawsuits against Dow Corning over silicone breast implants, landing GM may be an uphill battle. "The [lawyers] for the automobile companies sleep much closer to New York and Delaware than they do to Detroit," says Hugh Ray, a partner at the Houston-based law firm Andrews Kurth who is also admitted to the New York bar. "You're afraid of what you don't know, and it's easy to tell a client they face a great deal of uncertainty, when what they should tell the client is, 'I don't know...

Author: /time Magazine | Title: GM's Potential Bankruptcy: Shopping for a Venue | 4/9/2009 | See Source »

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