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...launches a day at the Karachi port, says Abbas Ali, who runs a launch business. "Once mariners reach the deep sea, they can do anything, smuggling, drugs, whatever. There are not enough people to check all the boats." From the launch, the team boarded another boat and then a ship named Al-Husseini, which is thought by Pakistani investigators to be registered in the name of an Islamist group associated with LeT. Each militant was given a sack containing "eight grenades, one AK-47 rifle, 200 cartridges, two magazines and one cell phone for communication...

Author: /time Magazine | Title: The Making of a Mumbai Terrorist | 3/8/2009 | See Source »

...fell by more than two-thirds. China offered large cash amounts in a tight credit market, but rather than require that the loans be serviced and repaid in cash, Brazil and Russia will repay the loans in crude oil supplies to China over the next two decades. Russia will ship eastern Siberian oil, while in Brazil, China hopes to get a share of major offshore fields which have recently been discovered. So, no matter what happens to the global economy, China is assured steady oil supplies over the next 20 years from two major oil-producing countries, in regions which...

Author: /time Magazine | Title: China Goes on a Smart Shopping Spree | 3/2/2009 | See Source »

...days in Europe on the more upscale Celebrity. In fact, says Ken Heit, sales director at World Wide Cruises in Ft. Lauderdale, "If you live in an expensive city like San Francisco, Chicago or New York, it might be cheaper right now to spend a week on a cruise ship than to stay at home." (See pictures of the last voyage...

Author: /time Magazine | Title: How to Save in the Recession? Take a Cruise | 2/24/2009 | See Source »

...deep-discount gangway in this crisis. Chicagoan Shirlee Yeary says she and her husband "were going to forget our winter getaway this year because of the economy." But her travel agency, Cruise Holidays, saw a deluxe cabin for a week in the Caribbean on a brand new ship, the Celebrity Solstice, at almost half price. For $1,100 per person, Yeary, who says she's never experienced the swank side of cruising, also gets a veranda, complimentary champagne, daily hors d'oeuvres and preferential treatment on shore excursions. "I wasn't expecting this," she says. "But it seems they have...

Author: /time Magazine | Title: How to Save in the Recession? Take a Cruise | 2/24/2009 | See Source »

...months can still test the limits of Colombia's prison system. Take the strange saga of Boss of Bosses Montoya, who headed the Northern Valley cartel. After he was arrested in 2007, Montoya presented such a security risk that prison officials decided to house him on a Navy ship off Colombia's Pacific Coast. But during his transfer there, clueless Colombian agents picked up the wrong prisoner, a paramilitary warlord known as Don Berna. After the confusion was cleared up, the two dons were eventually extradited...

Author: /time Magazine | Title: Colombia's Drug Extraditions: Are They Worth It? | 2/24/2009 | See Source »

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