Word: yachting
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Dates: during 2000-2009
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...fitted out with the best the Somali black market has to offer is a risky bet. The best solution is likely to be military, based on inspections, exclusion zones, rapid reaction and deadly force. That is how our partners are beginning to view it. French commandos retook a yacht on April 10, killing two pirates. (One passenger was killed.) Last November, the Indian navy sank a pirate "mother ship" off Yemen. Favoring multilateralism over unilateralism often means favoring talk over action; maybe last week's operation is a sign that Obama is not so easily pigeonholed...
Perhaps, but Vargas' lifestyle is hardly the stuff of Chávez's "21st-century socialism." In a rare interview last year, he told the Wall Street Journal, "People write stories about me saying I have a Ferrari, a plane, a yacht. But it's not true. I've got three planes, two yachts, six houses. I've been rich all my life!" In 2004, his daughter Margarita wed Luis Alfonso de Borbón, a cousin of Spain's King Juan Carlos, great-grandson of the late Spanish dictator Francisco Franco and a legitimate heir to the non-existent...
...governments had been loathe to risk trying to free hostages. The only exception had been France, which has deployed commandos to rescue captive crews off Somalia. A French hostage-rescue effort on Friday resulted in the deaths of two pirates and one of the four people aboard a yacht that had been hijacked. But Phillips' dramatic rescue - which saw snipers on the U.S.S. Bainbridge kill the three pirates who held him hostage on a lifeboat 30 miles off the coast of Somalia - has significantly upped the ante with pirates who had previously not harmed hostages. (See pictures of the U.S.and...
...cited in a Justice Department communication to Sorkin tallies the total size of the fraud, which dates back to the 1980s, at $170 billion, which includes money invested with Madoff, interest earned and payouts to investors as well as the value of things he bought for himself, like a yacht. "The charges reflect an extraordinary array of crimes committed by Bernard Madoff for over 20 years," said acting U.S. Attorney Lev L. Dassin in a statement. (See pictures of the demise of Madoff...
...course, the Madoffs have a yacht too, called Bull, as well as a Montauk beach house, a villa in the South of France, half ownership of a $24 million jet, a palm-studded Palm Beach estate and three or four golf-club memberships. Madoff has, however, agreed to give up to investors his artwork and entertainment tickets...