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...year low. The daily rental rate for the largest bulk carriers plunged from $234,000 last summer to less than $3,000 in early December, a staggering 99% reduction. "The violence of the drop is more extreme than anything we've ever seen before," says Jeremy Penn, chief executive of the London-based Baltic Exchange...

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

...then that's going to be marvelous," says Becker of the National Kidney Foundation. And, if the study results hold, that benefit could extend to other transplant tissue as well. "We're going to see interest in utilizing this principle for other groups of organs," says Dr. Stefan Tullius, chief of transplant surgery at Brigham and Women's Hospital in Boston. "That's part of the value of this study...

Author: /time Magazine | Title: Building a Better Kidney Transplant | 12/31/2008 | See Source »

...terror. Barely a month after the September 11 terror attacks, on Oct. 23, 2001, then Deputy Assistant Attorney General John C. Yoo co-wrote a memo regarding "Authority for the Use of Military Force to Combat Terrorist Activities Within the United States." Jay Bybee, then chief of the Office of Legal Counsel, acknowledged in a later memo that the act generally prohibits use of the military for law enforcement purposes unless there's a constitutional or statutory reason for doing so. However, he and others came to the conclusion that even absent constitutional or statutory support, the act "does...

Author: /time Magazine | Title: Should the Military Be Called in for Natural Disasters? | 12/31/2008 | See Source »

...Hans Martens, chief executive of the European Policy Centre, says the new presidency will be a stark contrast to the French one, which boldly tackled big issues like the Russia-Georgia conflict, the economic crisis and the E.U.'s emissions-cutting policies. "We have just had a very active French presidency, and with Sarkozy, a showman in the driving seat," Martens says. "The Czech government will aim to drive the team forward, but Klaus won't take a low profile. He won't be able to resist temptation to be provocative and do symbolic things that annoy...

Author: /time Magazine | Title: 'Old Europe' Wary as Czechs Take Over EU Presidency | 12/30/2008 | See Source »

...country," said Dietz. Although the new law prohibits bloggers from discussing politically sensitive subjects, it also states that the government officially encourages Internet use "in order to share and exchange information corresponding to Vietnamese habits, customs and laws, thus, enrich spiritual life and strengthen community cohesion." Luu Vu Hai, chief of the Administration Agency for Radio, Television and Electronics Information at the Ministry of Information and Communications defends the new regulations. "Every country has its own law and all activities must follow its laws in order to guarantee the social benefits," Luu says. It "does not mean to censor blogs...

Author: /time Magazine | Title: Vietnam's Bloggers Face Government Crackdown | 12/30/2008 | See Source »

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