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...cost of what are called "extreme weather and marine" satellite phones from one of the two premier global providers, Iridium and GlobalStar, is $1,200 per unit. The cost of calls per minute is $5. Total cost for phones comes to $60,000 based on each team of pirates having two phones, and all of these probably get replaced each year due to damage. Assuming 100 minutes a month per phone and the total cost of airtime...

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

...China's leaders are using the crisis to point out what they regard as flaws in Western capitalism. On a visit to Europe in January, Premier Wen Jiabao called China a "great power" and then criticized "an unsustainable model'' of development in the West that partnered a lack of savings and "blind pursuit of profit." Vice President Xi Jinping, on a recent trip to Mexico, blasted his hosts for harping on China's human-rights record, saying "there are a few foreigners, with full bellies, who have nothing better to do than try to point fingers at our country...

Author: /time Magazine | Title: How China Is Capitalizing on the Economic Crisis | 4/13/2009 | See Source »

...people feel that there's a solid quality to Yosano, a trustworthiness that makes people feel confident he's in charge," says Curtis. In a newspaper poll conducted six weeks ago, Yosano tied with popular former Prime Minister Junichiro Koizumi as the public's second choice for the next premier. (The No. 1 pick was opposition leader Ichiro Ozawa...

Author: /time Magazine | Title: Japan's Economic Czar Faces Tough Choices | 4/9/2009 | See Source »

...Minister and current mediator for the Quartet - the United States, Russia, the European Union and the United Nations - in the Israeli-Palestinian conflict, spoke candidly with TIME's Jerusalem bureau chief Tim McGirk about the obstacles to peace. Earlier, Blair had met with Benjamin Netanyahu, the hawkish new Israeli premier, who says he will keep talking peace but left open the question of whether Israel would accept a Palestinian state. "One thing I learned," says Blair, "is that you simply just don't give up." (See pictures of Tony Blair's 10 years as British Prime Minister...

Author: /time Magazine | Title: Tony Blair on Restarting the Middle East Peace Process | 4/8/2009 | See Source »

...there are fundamental disagreements over Afghanistan. Washington believes that the Pakistani army, through its premier intelligence agency, the Directorate of Inter-Services Intelligence (ISI), is continuing to back its traditional clients in the jihadist underworld. "There are challenges associated with the ISI's support, historically, for some groups, and I think it's important that that support ends," Mullen told reporters in Islamabad on Tuesday. In its military operations, Pakistan's army has taken on al-Qaeda and militants fighting inside Pakistan but has not targeted those militants - including Mullah Muhammad Omar, the leader of the Afghan Taliban, believed...

Author: /time Magazine | Title: In the War Against Militants, U.S. and Pakistan Remain at Odds | 4/8/2009 | See Source »

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