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Word: latter (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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Shipping companies have been hit by a double whammy: falling global demand and, even more importantly, paralysis in the financial markets. The latter is crucial because the letters of credit that international trade relies on have all but dried up. Khalid Hashim, managing director of Precious Shipping in Bangkok, says government banking bailouts have overlooked the shipping industry's needs. "Trade finance is not getting enough attention within the banking system," Hashim says. "Governments don't recognize the danger signals coming up. It will take time to resolve...

Author: /time Magazine | Title: As the World Economy Sinks, So Does Global Shipping | 12/31/2008 | See Source »

Mickey Spillane and Chandler, however, remain key to understanding Crumley, whose unflinching violence recalls the former and whose tough-guy poetry invokes the latter. A search for redemption in his work links Crumley to Ross Macdonald, but Crumley wrote characters who were more real, sad and believably flawed than any created by his predecessors...

Author: /time Magazine | Title: James Crumley | 12/29/2008 | See Source »

...Still, the organization she heads does hope for one form of special treatment. Spain's civil code requires potential citizens to swear an oath of loyalty to both the constitution and the King. But the Descendants of Exiles Association sees the latter requirement as "ideological coercion" that restricts freedom of expression, and is asking that it not apply to the citizenship process. "After all," she says, "our parents and grandparents were Republicans...

Author: /time Magazine | Title: 500,000 New Citizens for Spain? | 12/29/2008 | See Source »

...Madigan is certainly a man who likes to, and quite often does, get his way in the state of Illinois. For most of the past three decades, he has alternately served as House majority leader, House Democratic leader and Speaker of the House of Representatives. He currently holds the latter position as well as serving as head of the state Democratic Party. And while he can be combative in his approach, he regularly earns as much praise as disdain from the other side of the aisle for his skill at maneuvering the state political structure. But rarely...

Author: /time Magazine | Title: An Illinois Dynasty Versus Blagojevich | 12/26/2008 | See Source »

...course, the wind doesn't always blow. At Kuzumaki Highland Farm, 200 dairy cows share the power load. Their manure is processed into fertilizer and methane gas, the latter used as fuel for an electrical generator at the town's biomass facility. Nearby, a three-year project sponsored by Japan's Economy, Trade and Industry Ministry's New Energy Development Organization (NEDO) uses wood chips from larch trees to create gas that powers the farm's milk and cheese operations. The bark of other trees is also made into pellets for heating stoves used throughout the community. A local winery...

Author: /time Magazine | Title: A Japanese Town That Kicked the Oil Habit | 12/22/2008 | See Source »

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