‘Hostage Business’ Survives Economic Downturn (Fresh Air)
Submitted by iw on December 9, 2009 – 4:34 pmNo Comment
MP3… Nicholas Schmidle is a freelance journalist specializing in international politics. His recent article “The Hostage Business,” published in the The New York Times Magazine, explores a recession-defiant strengthening in the “kidnapping market.” The trend includes a sharp recent rise in expatriate hostages taken from among the international workforce in the oil fields of Nigeria, but the kidnappers aren’t the only ones for whom the kidnapping-and-ransom trade is big business. Insurance companies have found a lucrative new niche: According to Schmidle, about three-quarters of Fortune 500 companies in the U.S. carry kidnapping insurance for employees overseas. [Fresh Air] (20m 21s)
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