Archives April 2022

Ukrainian ship MV Faina with cargo of tanks freed by pirates

Thursday, February 5, 2009

Pirates in Somalia have released the MV Faina, a Ukrainian ship carrying a cargo of 33 T-72 tanks, along with 20 of its crew of 21, the Russian captain having been killed by hypertension during the hijack.

A ransom of US$3.2 million was paid for the ship’s release, compared to the $20 million previously demanded and also down from the initial request for $35 million after the capture in September. By January 16 the ransom sought was $5 million, with negotiations occurring directly between the pirates and the ship’s owner. In October the pirates threatened to blow the ship up unless this was paid within days, and stated they were willing to die and take the crew with them, but this threat was never carried out.

The ransom came in on Wednesday, and after counting the money the pirates left the vessel on Thursday. One pirate, Segule Ali, said of the payment that “no huge amount has been paid, but something to cover our expenses.”

No huge amount has been paid, but something to cover our expenses

The ownership of the cargo, which includes ammunition, rocket launchers, small arms and spare parts as well as tanks, is uncertain. Although the shipment was said to be for Kenya, as acknowledged by the Kenyan government, the pirates claim to have documents proving they were destined for Sudan, currently the subject of a United Nations arms embargo. Sudan denies this.

At one point, with the ship anchored off Harardhere, the pirates claimed they had put down an attempted revolt by the crew. However, the Faina’s owner has expressed doubts about the veracity of this report, which originated with the pirates themselves.

The remaining crew are reported to be healthy by the Ukrainian Presidency and the ship is now heading to Mombasa under US Navy escort. There are 17 Ukrainians, two Russians and a Latvian on board.

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Poker’s all about luck, says Swiss Supreme Court

Wednesday, June 2, 2010

The Supreme Court in Lausanne, Switzerland has ruled that Texas hold ’em poker is a game of luck, rather than a game of skill. As a result, only casinos can host poker tournaments in Switzerland. Private games with friends, even where money is at stake, are still permitted under the ruling.

Poker tournaments had been growing in popularity in the country, with many events held in hotels and bars. Such venues do not have to pay the 50% tax on profits levied on licensed casinos, nor comply with regulations combating money laundering and gambling addiction. Poker is now categorised alongside roulette and slot machines, which as games of luck can only be played inside casinos. Mathematics, strategy, and bluffing were less important in determining the result than chance, said the judges, overturning a lower court ruling to the opposite effect, and disagreeing with the stance of the country’s Federal Gaming Commission.

Before the ruling, it had been estimated by the Swiss Federation of Casinos that there were about 100 unlicensed poker tournaments every weekend. A Swiss poker website, SwissPokerTour.ch, has described the result as “a black day for all amateur poker players in Switzerland.”

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Tips To Property Investment The Panorama Condo

Tips to property investment the panorama condo

by

The Panorama

Buying a property is not a joke or a child s play it needs detailed thinking and also a careful and organized planning, when you are buying a property for staying purpose you will think only of few things like the area, location, comforts, amenities and other things, but the same if you are buying a property for investment purposes, you may have to ponder on many things, and you may not be having sufficient knowledge or experience on the field. The panorama condo is one excellent property investment choice.

Whether you understand the business or not the panorama condo will prove to be a beneficial investment mainly if you are a real estate agent looking for hot properties that will make you earn handsome revenue. Investing in property is a different experience and you will know that this is different from purchasing a primary residence. When you want to buy a property for staying you will be holding many emotions within you but the same when you want to buy for investment purpose you will keep away your feelings and think only on one thing, Is it really a property that makes sense? Buying a property thus involves many attributes that need to be concentrated upon as a single mistake made now will affect you monetarily in the later stages, thus make a wise decision while you look for investment property. Thus you have to think upon some attributes like the following if you are looking forward to buy a property investment:

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The right location is the first attribute that you should never avoid, if you are a property dealer you have to select or look out for buying from such an area that will make your reselling easier, people or the clients will always look out for places that are accessible easily and the panorama condo is one best choice to invest. This location is easily reachable through all means of transport, and all the important amenities are within the easy reach, this property can be let out or resold as this is a hot spot location that is ideal for any aged people. This condo had many units like single bedroom, double and five bedroom houses and thus will suit all kinds of families. The neighborhood is safe and kids have plenty of schools to make choice from. There are many educational institutions, shopping malls and amenities that will attract renters.

If you are property investment buyer then you have to stock up sufficient capital as capital line up will help you to grab a deal quickly, when you have ready capital you can buy the property immediately and over rule your competitors by the time they go around collecting money, so speak to your finance provider, financial planner and keep stock of liquid cash, in case any hot property comes in way you should not leave it because of lack of money. Current market is too fluctuating and so insufficient fund will make you lose a hot real estate that may fetch you high profit margin.

you may not be having sufficient knowledge or experience on the field.

The panorama condo

is one excellent property investment choice. Whether you understand the business or not

the panorama

will prove to be a beneficial investment.

Article Source:

ArticleRich.com