Django Get Latest Entry from Database

I've got 2 questions, but they are related to the same topic.

I know how to retrieve data from a for loop using template tags

{% for status in status %}

    <tr>
        <td>{{ status.status}}</td>
    </tr>

{% endfor %}

However when I want to retrieve a single object i get an error even when i use:

po = Status.objects.latest('id')

and remove the for loop.

I get:

'Status' object is not iterable

My questions are:

1. How can I get the latest entry from the database for a given model?
2. How can I setup my templates tags to allow for just a single record?