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...foreign navies, but they do not have to be replaced often. A large trawler built in the 1970s costs about $1 million. A trawler that is ten years old costs closer to $3 million. Some of the trawlers the pirates use were probably seized during their raids. Most research indicates that one out of three attempts by the pirates to hijack a ship succeeds. Covering enough ground to seize 120 vessels a year based on 400 attempts means that the pirates are probably running a dozen mother ships at any one time. The costs to "buy" and maintain those ships...
...clunkers plan, analysts say that European car sales are now running at more than 13 million vehicles a year, up from an 11 million pace at the start of the year. "It has been pretty successful so far in Germany," says John Wolkonowicz, senior automotive analyst for the research firm IHS Global Insight...
Social psychologists study this sort of question for a living, and unfortunately for the idealists, academic research shows that greed will never die and excess will never end. In fact, as the recession deepens - and as the rich hear more and more stories of once secure Americans having to forgo everything from new clothes to basic health care - the wealthy will almost certainly start to spend again, and with renewed avidity. Why? Not because the rich are greedy but because they are human...
Social-psychology research shows that we all share a universal trait: after periods of self-denial and self-control, we want to give in to our base desires. That's true even when we merely witness others having to cut back and go without...
...survey, a poll of nearly 6,000 university seniors conducted by Recruit Co., a Tokyo-based research and human resources company, revealed that Japan's flailing, export-driven economy has had a profound impact on the outlook of those on the brink of entering the workforce. Toyota's ranking as a preferred employer plummeted from 6th place last year to 96th place this year. Sony fell from 8th to 29th place; Sharp from 14th to 55th place; Canon from 20th to 77th place. (See pictures of the global financial crisis...