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...annual costs with pro forma calculations for things that have a life of more than a year, the expenses of operating the Somali pirate operation are $79 million. That puts the profit of the operation at over $120 million. It is worth contrasting that to the average income per capital in Somalia which is only about...

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

...last quarter, Intel Corporation reported revenue of $7.1 billion, net income of $647 million and earnings per share of $.11. Revenue was $9.7 billion in the same period last year. Aside from topping expectations, Intel's CEO, Paul Otellini, said, "We believe PC sales bottomed out during the first quarter and that the industry is returning to normal seasonal patterns." (See pictures of the Top 10 scared traders...

Author: /time Magazine | Title: Intel and the PC World: The Investor Feels Betrayed | 4/15/2009 | See Source »

...Even then, the downtick in FMD was less than 1%. And while it's true that even in a state like Kentucky, a 14.4% score means 85.6% did not suffer from FMD, plenty of people may still be experiencing mental distress regularly, just not as frequently as 14 days per month. (See pictures of Americans in their homes...

Author: /time Magazine | Title: The Gloom Belt: Kentucky Is the Saddest State | 4/15/2009 | See Source »

...century. All of the recent bank bailouts and mortgage plans will, even if they succeed, build an economic foundation of bricks without straw - ready to crumble - if we don't create a productive economy again. That means creating a workforce that is educated well enough to produce more value per capita than other countries. This will be especially true in the 21st century economy, which promises to be based foremost on knowledge. And that is why the U.S. needs, particularly at this juncture, 21st century American standards for its schools...

Author: /time Magazine | Title: How to Raise the Standard in America's Schools | 4/15/2009 | See Source »

...reflexive analogies, this is not the 1930s, when Babe Ruth took a $10,000 salary cut (roughly what A-Rod earns per swing) and New York City Mayor Jimmy Walker told theaters to show only cheery films. And yet we're channeling our grandparents, who were taught, like a mantra, to use it up, wear it out, make it do, do without. Now, if you can make it, you don't have to buy it: just replace the lawn with a vegetable garden, eat your fill and then store whatever is left. Sales of canning and freezing supplies rose...

Author: /time Magazine | Title: The Great Recession: America Becomes Thrift Nation | 4/15/2009 | See Source »

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