This 30-meter long submarine, used to smuggle huge amount of cocaine, was was seized in Ecuador yesterday. Apparently, a drug trafficking outfit built it in the middle of the jungle. From CNN:
The vessel utilized twin screws and was diesel electric-powered, the agency said. It was about 30 meters (98 feet) long and nearly 3 meters (nine feet) high from the deck plates to the ceiling. It has a periscope and an air-conditioning system.
"Ecuador authorities seize drug-smuggling sub"
"Traffickers historically employed slow-moving fishing boats, sail boats, pleasure craft go-fasts," said Jay Bergman, Andean regional director for the (Drug Enforcement Agency). "The advent of the narco-submarine presents new detection challenges for maritime interdiction forces. The submarine's nautical range, payload capacity and quantum leap in stealth have raised the stakes for the counter-drug forces and the national security community alike."
Lax enforcement from the SEC has allowed the biggest companies in America — 90 percent of the companies in the S&P 500, led by the faltering energy sector — to ignore the “Generally Accepted Accounting Principles” (GAAP) in presenting their financial information to investors, manufacturing nonexistent profits in quarters where they suffer punishing losses.
I have a first-world problem: I stay in a lot of hotels.
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