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 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.



Get Your FREE Ebook


DINKS (Dual Income No Kids) Finance focuses on personal finance for couples. While by no means financial experts, we strive to provide readers with new, innovative ways of thinking about finance. Sign up now to get our ebook, "Making Money Tips for Couples" FREE.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: