Battleland

Good Economic News at Last

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Argh! Ransoms up 37%

In theses times of layoffs, deficits and budget cuts, anything involving finances that grows at a 37% clip over two years is good news, right? Well, here’s the latest on the pirate front, from Kenya’s The East African:

Ransom payments paid by shipping companies to Somali pirates have reached nearly $110 million this year — a 37 per cent jump in two years — despite the increasing success of international naval forces in preventing pirate attacks.

Well…I’m sure it’s good news somewhere.

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