economic cost: piracy’s global financial damage is in the range of USD 7 – 12 billion “in somalia, the economic model for piracy is working well. in 2010, the US, EU and the UK gave the country a combined $298m in aid – less than half the sum pocketed by the pirates when light aircraftContinueContinue reading “economics of piracy”
Monthly Archives: May 2012
new pirate prison set up in somaliland
more here. unclear how much it will do to deter piracy but will help relieve pressure in neighboring (prosecuting) countries — though very few will ever be prosecuted (and many released). “the pirates know what the odds are when they get into the business – four out of 10 pirates that go out on theContinueContinue reading “new pirate prison set up in somaliland”
sunglasses (googles) in bombay
this is from the summer i spent in bombay (2009), when I was living in dharavi and part of a research project on an unregistered slum near reay road station (i’ll call this community RR). as many of you may know, i am pretty attached to my sunglasses. not attached in the sense that iContinueContinue reading “sunglasses (googles) in bombay”