Day November 21, 2008

Low tech anti-piracy methods

Embedded video from CNN Video A security consultant discusses several methods currently in use that will keep pirates from boarding. A major problem is that due to the varying firearm laws across the world, ships at sea like oil tankers…

Dealbreaker on the future for Citigroup

But wait, could a rescuer be coming? Somali pirates in discussions to acquire Citigroup (C) The pirates will finance part of the purchase by selling new Pirate Ransom Backed Securities. The PRBS’s are backed by the cash flows from future…