Word: biggest
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Dates: during 2000-2009
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...disrupt oil delivery. At least 20% of the world's entire oil supply passes through the narrow Strait of Hormuz that runs between Iran and the United Arab Emirates and Oman. Qatar, Kuwait and the U.A.E. ship all their oil through the waterway, while Saudi Arabia - the world's biggest producer - exports half its oil through the strait, the remainder going overland through a pipeline. Since the strait's narrowest point is just 29 nautical miles wide, sinking a couple of tankers may be for Iran a preferable option to launching direct military retaliation against Israel, for which the consequences...
...landmark moment for environmental politics. If the bill passes the Senate to become law - no sure thing, given the 60 votes needed in the upper chamber - it would establish the first national caps on carbon emissions. It would also create what would almost certainly be the world's biggest greenhouse-gas market, since companies would have the option to buy and sell carbon credits and offsets. Every smart, efficient enterprise that can rapidly bring down its emissions will be able to make a mint on the carbon market - and so will the carbon middlemen...
Ultimately, the Princeton plan would still require rich, developed nations like the U.S. to make the sharpest emissions cuts, largely because they have the most well-off people and the biggest individual carbon emitters. And the study doesn't take into account the carbon that is embedded in imports and exports in global trade. But big developing nations like China - with its rising middle class - won't be let off the hook either. "We think this represents a nice path for distributing the share of the work of cutting emissions between countries," says Chakravarty. The Copenhagen negotiations will be hard...
...argument goes like this: the biggest flaw in current financial regulation is not that there is too little of it or too much, but that it relies on regulators knowing best. We regulate because financial systems are fragile, prone to booms and busts that can have harmful effects on the real economy. But regulators aren't immune to the boom-bust cycle. They have an understandable habit of easing up when times are good and cracking down when they're not. In doing so, they often amplify the ups and downs of markets rather than modulate them. (Watch TIME...
...Buzz has got the biggest buzz on the streets right now.' SNOOP DOGG, rapper, on making a music video with former astronaut Buzz Aldrin...