Smart Power

Pirate attacks on shipping off Somalia are down by 95 percent since 2011.

Combined Task Force 151, a six-vessel rotating patrol now led by the U.K.’s Royal Navy and featuring American, Australian, Turkish, Korean, and Pakistani ships, has cut attacks by well over 90 percent. Pirates have boarded only one merchant ship this year – an Indian dhow with 14 crewmen, which was rescued within hours, without casualties, by Dutch and Swedish warships.

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Global Economy

Counterfeit share of trade: 1.7%?

Ten years ago, U.S. Customs & Border Patrol agents seized about 6,000 shipments of counterfeit goods, valued (in comparison to legitimate sales) of $99 million. Five years ago the totals were 14,000 shipments and $197 million; by 2012, seizures had risen to 22,838 shipments of counterfeit goods at a value of nearly $1.3 billion.

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