Word: porting
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...like a Pied Piper," said Michael Devine, a Port Jefferson, N.Y., lawyer who represents salespeople at the firm who "felt something wasn't right." The salespeople were selling friends and family on Agape's high-yield claims. "[Cosmo] actually sat down with investors and explained his investments to them. He was a very convincing salesman," said Devine. (Read "Beyond Madoff, Ponzi Schemes Proliferate...
...strength with retaliatory attacks timed with each new announcement of a victory by the army. "They'll want to show that they can do something in Colombo and the suburbs," says Hulugalle. The government says that Elephant Pass, another key stretch of territory on the road to the northern port of Jaffna, will be the next to fall. Colombo is bracing itself - for celebration and its consequences...
...protect their bottom lines, many are simply taking ships out of service, says Kriton Lendoudis, managing director of Athens-based Evalend Shipping. Hundreds of vessels have been laid up off Britain, Germany, Greece and Singapore over the past several months. In the River Fal estuary, near the old port city of Truro on Britain's southwest tip, harbor master Andy Brigden runs a service for companies looking for long-term berth space. Since early November, he says, the number of inquiries has skyrocketed. "It had been quiet here for many years, just a few seasonal moorings," says Brigden...
Still, there are hints of good news. Rates charged by large coal and iron-ore carriers recently jumped by more than 50%, mostly because demand for Australian coal is rising again. The huge port of Newcastle on Australia's east coast is busier than it was even a few weeks ago. Could shipping have bottomed out already...
...refugee camps are home to al-Qaeda-inspired militant groups who are suspected of having launched rockets into Israel on two occasions since the end of the 2006 war. On Sunday, the mood in Ain al-Hilweh, the largest and most lawless of the camps, located outside the southern port city of Sidon, was one of fury and mourning. "All that the Israelis are doing, these massacres, killings and bombings, is creating a new generation of suicide bombers," says Mounir Moqdah, a veteran warlord with the Fatah faction of Palestinian President Mahmoud Abbas. He and his rivals in Hamas agreed...