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Weapons are one of the largest single costs that Somali pirates have. According to a book on AK-47s from Amazon, the guns cost about $345. That is a total of $173,000 because each of 500 men is armed. The price for 9MM pistols on the black market runs about $200, for a total of $100,000. Browning 50 caliber machine guns are $14,000 each, with at least one per raider and two per mother ship for a total cost of just over $1 million. Rocket propelled grenades which are used in most raids...

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

Intel (INTC), which is the largest maker of PC and server chips in the world, announced earnings that beat analyst expectations. No one would have known that by looking at the collapse of the share price. The company, which has about 80% of the market for the main processors used in personal computers, is considered a bellwether for how hardware firms like Dell (DELL) and HP (HPQ) will do. Intel's figures are considered predictive of the strength of the sales of Microsoft's (MSFT) Windows...

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

...from 2008, the latest in a nearly unbroken year-and-a-half streak of falling sales. And if the cratered economy is the main culprit behind backed-up inventory at U.S. car dealers, another is that American automakers have failed to produce the more fuel-efficient vehicles that gas-price-conscious car buyers are beginning to demand. As a result, the U.S. still sends hundreds of billions of dollars overseas for oil - and adds ever more greenhouse-gas pollution into the atmosphere...

Author: /time Magazine | Title: Cash for Clunkers: A Green Deal to Help Detroit? | 4/15/2009 | See Source »

...Whichever bill is chosen - and others are being circulated as well - a successful cash-for-clunkers program wouldn't be cheap. Germany's program may end up costing the government some $6 billion, three times the initial price tag. Since Obama has said that money for the cash-for-clunkers program needs to come out of existing stimulus spending, that might take some creative accounting. But a cash-for-clunkers program, whatever its environmental benefits, would provide the government with a way to aid the domestic auto industry without giving Detroit any more direct handouts. "There...

Author: /time Magazine | Title: Cash for Clunkers: A Green Deal to Help Detroit? | 4/15/2009 | See Source »

Unlike other online dating sites such as match.com or eHarmony, fasDate is completely free. Users can also instant message and video-chat each other, as well as create groups and blogs. Founder Andrew Lach believes that because of fasDate’s community of users, innovative software, and free price tag, it will soon break down the negative stigma surrounding online dating. “I think that in the future, rather soon, that to not use the internet to meet people will seem a little outdated,” he said...

Author: By Jun Li | Title: fasDate.com: The Next Big Thing? | 4/14/2009 | See Source »

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