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Sanko's troubles began in 1973 when the Arab oil embargo dealt a severe blow to the world shipping industry by reducing the demand for tankers. Instead of taking that as a warning signal, Sanko continued to expand its fleet, despite growing competition from companies based in other Asian countries. By 1983 an oversupply of tankers had swamped the industry, and Sanko slipped into the red. While in bankruptcy proceedings, Sanko will try to stay afloat by scuttling some of its 264-ship fleet. ENERGY Slippery Job for Lloyd...
...entries: there are 500 million blog and news feed articles in Bloglines? database.) Kinja pulls together the latest news stories and blog posts and displays them on one page, which it calls Your Digest. Choose Collapse mode to view only the top post from each site on your list; Expand links to every post on all your sites, in age order (posted 12 minutes ago, posted 8 hours ago, posted yesterday, etc.) and will go back as far as you are willing...
...course, quality isn't everything. Chung has also ramped up efforts to ensure that Hyundai is competitive in technology and styling. Hyundai's R&D budget has expanded 110% since 1999, to $1.6 billion this year. Hyundai invested $200 million to open or expand R&D centers in California, Michigan and Germany; a $60 million proving ground in California's Mojave Desert opened in January. And in South Korea, he expanded R&D headquarters, adding a new design center complete with a 3-D cinema for viewing virtual models. Lee says Chung visited his office recently and asked...
...turf battles that have occasionally erupted with Pentagon and FBI intelligence operations-though officials at the CIA, the Defense Department and the FBI insist conflicts are rare and coordination is already being improved. But Hoekstra says House Armed Services Committee Chairman Duncan Hunter objected that the legislation would unduly expand Negroponte's authority almost before the ink has even dried on last year's law creating the new intelligence czar post...
...Casting our net more widely for women and minority candidates will expand and strengthen, not weaken, the recruitment pool, in my opinion. No one is saying hire any woman,” Cohen writes in an e-mail. “Rather, we’re saying figure out the fields where women are doing cutting-edge and important work and make sure that you define positions with an eye to capturing that talent...