Battleland

Good Economic News at Last

  • Share
  • Read Later

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.

Follow

Get every new post delivered to your Inbox.

Join 4,887 other followers