Arrr! Pirate Loot Leads to Somali Boomtowns

by Dual Income No Kids on November 19, 2008 · 0 comments

Hi All,

Just saw this interesting news story from wirednews.com. Evidently the Somali piracy businesses is pumping a lot of money into some of the costal towns in Somali. The massive influxes of cash are improving the local Somali construction, retailing and food service industries.

Before you click over and have a read, please don’t forget that piracy is a high crime. The impact of piracy on oil shipping lanes is obliging huge collateral costs in security and insurance. In addition, pirates have terrorized captured crews, assaulted innocent civilians and contributed to general lawlessness in the Gulf of Eden.

Here is the story.

Best,

James

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