Word: shipping
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...Riga has more than doubled over the past 10 years, and the average annual income has almost tripled to $6,200. Nearly 80% of Latvia's exports - from timber to textiles to farm machinery - now heads to markets in the West. Tourism is booming, too: last year, ferries, cruise ships and low-cost airlines disgorged 1.5 million visitors in Riga, up from 1.1 million the previous year. Visvaldis Lacis, an 83-year-old author and parliamentarian, recalls that under Soviet rule the kgb stopped every ship entering and leaving the harbor to check for spies and stowaways. Lacis now watches...
...financial superpower within the Baltic Sea is undoubtedly Sweden, accounting for 60% of that regional investment. Two years ago, for example, Sweden's fourth largest bank, Swedbank, completed a $2.6 billion takeover of the Hansabank Group, the Baltics' biggest bank, whose distinctive sea-green and orange Viking ship logo can be found from Tallinn to Vilnius. The marriage has worked out well so far. "We have been very, very happy about this interest from the Nordic countries. You can't overestimate their role," says Hansabank's ceo, Erkki Raasuke, a 36-year-old Estonian. The feeling is mutual: Hansabank generated...
...painted strip-wood houses on stilts on Roatan. Fried stepped gingerly over small piles of festering rubbish as he made his way along dirt roads to find a venue for one of his lectures on AIDS prevention. Fried, 43, first discovered the island six months ago when the cruise ship he was on docked there for six hours. When he found out that Roatan was in the midst of what he called an AIDS emergency, he resolved to return and do his part...
...every summer movie season. It's tempting to conclude with a joke about the title: Maybe they should have called it Pirates of the Caribbean: At Wit's End. But no, in the movie's epilogue Jack Sparrow is seen setting forth in a dinghy, chasing his pirate ship, which has been mysteriously purloined. It is, shall we say, an open-ended ending. God help us, we silently whimper. You mean they're leaving the door open for another one? And another...
...major show of that military force this week, as a U.S. Navy flotilla carrying 17,000 sailors and Marines moved into the Persian Gulf. Carrier strike groups led by the U.S.S. John C. Stennis and the U.S.S. Nimitz were joined by the amphibious assault ship U.S.S. Bonhomme Richard and its strike group. Planes from the two carriers and the assault ship are to carry out exercises, while ships run submarine, mine and other maneuvers...