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...raiding boat it requires 100 engines. These cost as much as $15,000 each, so the 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...

Author: /time Magazine | Title: Somali Pirates Are Getting Rich: A Look At The Profit Margins | 4/15/2009 | See Source »

...cost of what are called "extreme weather and marine" satellite phones from one of the two premier global providers, Iridium and GlobalStar, is $1,200 per unit. The cost of calls per minute is $5. Total cost for phones comes to $60,000 based on each team of pirates having two phones, and all of these probably get replaced each year due to damage. Assuming 100 minutes a month per phone and the total cost of airtime...

Author: /time Magazine | Title: Somali Pirates Are Getting Rich: A Look At The Profit Margins | 4/15/2009 | See Source »

...resulting from a decrease in sunspots is directly responsible for colder temperatures experienced in recent years. He said that, as of last week, there had been sunspots on only 11 days this year, and there were only 99 days with visible sunspots last year—the second-lowest total since 1911. Brian F. Farrell, a Harvard meteorology professor, acknowledged a connection between sunspot activity and temperatures on the Earth, but cited other research showing that sunspots only account for an overall temperature change of a tenth of a degree centigrade. Farrell did acknowledge that there could have been larger...

Author: By Eric W. Baum, CONTRIBUTING WRITER | Title: Sunspots May Cause Climate Fluctuations | 4/14/2009 | See Source »

...growing piracy problem highlights Gates' smarts - it was only a week ago that he boosted the Navy's buy of the small and fast Littoral Combat Ship (LCS) from two to three next year, with a total planned buy of 55. The defense chief termed the LCS a "key capability for presence, stability and counterinsurgency operations in coastal regions." With its ability to sail into shallow waters, an LCS vessel can chase pirates into places bigger warships could never go. The LCS is "an ideal platform" for unconventional Navy missions, including "counterpiracy operations," Rear Admiral Victor Guillory, director...

Author: /time Magazine | Title: Washington Wrestles with the Pirate Problem — on Land | 4/14/2009 | See Source »

...pirates. The manifest lists a cargo of missiles and bombs with a TNT equivalent or "net explosive weight" of 6,383,281 lbs - around a quarter of Hiroshima's A-bomb destructive power. It includes 11 containers holding 15,751 lbs of spontaneously flammable munitions like white phosphorous. In total around 80% of the cargo, or 1,300 containers, will be crammed with explosives. (See a brief history of pirates...

Author: /time Magazine | Title: Defending a Floating Arsenal Against Pirates | 4/13/2009 | See Source »

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