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James E. Mercante, a partner at Rubin, Fiorella & Friedman, writes: Pirates are a popular subject of Halloween and movies. But piracy is far from a source of entertainment on the high seas. Today's pirates are not interested in either ship or cargo because those have to be sold to turn into cash. These days, the prize is ransom money in exchange for returning not just the ship and cargo intact, but the crew alive.
October 31, 2008 at 12:00 AM
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