Word: sunk
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...After researching more than 750 major business failures in great depth, we came to the conclusion that humans are wired for poor decision-making," says Chunka Mui, a co-author of Billion-Dollar Lessons. "Ego, sunk costs, emotions, self-interest, etc., lead to blind spots. The not-so-intelligent have the same issues, it's just that the stakes are lower...
...most important lessons we can learn from the SARS outbreak, says Peiris, may be the simplest ones, taught by mothers the world over: wash your hands, cover your mouth when you cough and avoid touching your eyes, nose and mouth. The message seems to have sunk in in Hong Kong, where even on days without deadly flu threats many people wear face masks and hand-sanitizer dispensers are just about everywhere. There's no question that Hong Kong is as prepared as it can be to tackle swine flu, but for now, just like the rest of the world...
...Some of the problems are of Vietnam's own making, observes Thayer. The country has become increasingly dependent on foreign direct investment to buoy its economy. Last year, overseas investors sunk a record $11.5 billion into Vietnam. China last year had 73 investment projects worth $334 million in the country. But in the wake of the global recession, foreign direct investment plummeted 70% in the first quarter of 2009 compared to the same time period last year...
...next largest expense is buying and keeping "mother ships" in good working order. The boats are usually trawlers which are, based on photos, about 100 feet long. One or two of these have been sunk by 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...
...cost of these is about $1.5 million. In most cases, they will not need to be replaced every year. The boat themselves are probably less than $50,000 for the 50 shells the total $2.5 million. Once again this is a one-time cost for those that are not sunk or abandoned...