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...president Andrea R. Flores ’10 said that undertaking a campaign of hundreds of thousands of dollars could significantly distract from the UC’s other responsibilities, including grant-giving and advocacy...
...R. Selver ’11 echoed this sentiment, commenting, “I’m just happy there’s music playing out loud right...
Free Dog Night. Can't stand traveling without your pooch? Your pet will get a friendly reception and fee-free stays at Red Lion Hotels. You can even register your animal companion in the company's loyalty program, the Red Lion R&R Club, where it can earn 500 points per stay. All pets that stay at a Red Lion hotel now through September 30 will be entered in a drawing for a year's worth of pet food. Register at the Red Lion R&R Club to qualify. Although the hotel doesn't charge you a damage deposit...
...usually released with the ships when the ransoms are paid. "Paying ransoms is not illegal," says Guillaume Bonnissent, a special risks underwriter for Hiscox Insurance Co. Ltd. in London, which writes about two-thirds of the world's kidnap-and-ransom insurance policies, known in the industry as K&R. In fact, insurance companies never pay ransoms themselves, in part because insurance companies are often banned by law from doing so. Instead, the companies whose workers or vessels are seized pay, and then claim back the money under their insurance policies. "K&R is really reimbursement," says Bonnissent. "We reimburse...
...voyage through the Gulf of Aden costs about $20,000. With shipping companies hard-hit by the global downturn, some opt simply to take their chances running the gauntlet of pirates, rather than pay insurance premiums. "I reckon less than 10% of vessels are insured now," says Regester. "K&R policies are considered a luxury." Whether or not they are covered, many companies pay ransoms, calculating that it is cheaper than losing the vessel and its entire cargo. (Read a brief history of pirates...