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Each mother ship works with four or five attack vessels, which are not unlike WWII PT boats, but are made of light-weight metal or composite instead of wood. Each of these has to run on two or more turbo diesels which put out 480 HP at 3,000 PRM. These are not engines which are likely to be used on any of the hijacked ships so they are probably one of the largest direct costs the pirates have. If the pirates operate 50 raiding boat it requires 100 engines. These cost as much as $15,000 each...

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

...race in a post-racial world. Leader-Picone says, “I think the African-American literary tradition is incredibly rich and I think that he moves it forward while also drawing deeply from it.” Recently, he even took shots at Professor of English James Wood, harnessing his comedic touch in a vicious parody of Wood’s “How Fiction Works.” The article, “Wow Fiction Works!,” which appeared in Harper’s Magazine in February, attacked the perceived snobbery of Wood?...

Author: By Sanders I. Bernstein, CRIMSON STAFF WRITER | Title: Colson Whitehead ’91 | 4/15/2009 | See Source »

...words of one organizer; critics accused them of "crashing" the event. The Obamas specifically welcomed gay families this year, distributing tickets directly to gay rights organizations. Another innovation of the Obamas: this year's souvenir egg is designed to be environmentally friendly, using vegetable oil-based ink and wood from "sustainably managed forests...

Author: /time Magazine | Title: The White House Easter Egg Roll | 4/13/2009 | See Source »

...particular intensity. It was built by the farmer who commissioned it, working with neighbors. First they erected a vertical formwork of spruce branches and trunks. Concrete was then poured in layers, one per day for 24 days to produce a smooth exterior but a ribbed surface inside. Then the wood formwork was set afire, which scorched and roughened the interior concrete. The result is a building that's also a metaphor for the fierce yearnings of the soul...

Author: /time Magazine | Title: Swiss Minimalist Peter Zumthor Wins Architecture Prize | 4/12/2009 | See Source »

...CLSA analyst Chris Wood says that recent improvements in China's economy can be attributed partly to a surge in bank lending that began in November. This, he notes, could only happen in an authoritarian country such as China, where the government can - and did - order the banks to lend. "The bottom line is that if this was a purely capitalist system, [lending] would be slowing," Wood says. Stimulus spending over the next three months will continue to boost economic activity, Wood says, but the impact will start to wear off later in the year. Absent a recovery in China...

Author: /time Magazine | Title: Is China's Economy Strong Enough To Save the World? | 4/10/2009 | See Source »

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