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...want to understand why the U.S. hasn't built a nuclear reactor in three decades, the Vogtle power plant outside Atlanta is an excellent reminder of the insanity of nuclear economics. The plant's original cost estimate was less than $1 billion for four reactors. Its eventual price tag in 1989 was nearly $9 billion, for only two reactors. But now there's widespread chatter about a nuclear renaissance, so the Southern Co. is finally trying to build the other two reactors at Vogtle. The estimated cost: $14 billion. And you can be sure that number...

Author: /time Magazine | Title: Why Obama's Nuclear Bet Won't Pay Off | 2/18/2010 | See Source »

...Obama really can pull Republican votes for climate legislation, nuclear support might be a worthwhile price. And because the money is a loan guarantee, if the plants are built on budget and succeed, the funds would be reimbursed to taxpayers. But some environmentalists point out that there's a reason no American nuclear plants have been built in more than three decades: the projects tend to be hit with construction delays, and the Congressional Budget Office (CBO) estimates that the risk of default on a new nuclear plant is higher than 50%. In a conference call with reporters, Energy Secretary...

Author: /time Magazine | Title: The Green Politics Behind Nuclear Power | 2/16/2010 | See Source »

...wake-up call to the Administration, and I'm again calling on the President to restore full funding to the program immediately," GOP Congressman Todd Tiahrt of Kansas said within hours of the test. Many of his constituents work on the laser plane at Boeing's Wichita plant, where Tiahrt too was employed for 14 years. "We know the threat from rogue nations such as Iran and North Korea is very real, and we should be doing everything possible to counter this threat...

Author: /time Magazine | Title: Star Wars Boosters Fired Up by Laser Show | 2/16/2010 | See Source »

...Bocuse d'Or is the gastronomic version of the Apollo program. There's no real reason to do it, the difficulties are nearly insoluble, and the cost in time and money is prohibitive. But to plant the flag on the alien surface of European haute cuisine! To beat the Frenchies at their own game! The chef that pulls that off will be a hero to his peers, and will make his career overnight...

Author: /time Magazine | Title: What the Bocuse d'Or Says About Culinary Culture | 2/16/2010 | See Source »

...last - in an effort to prove who's the greenest of them all. Spain aims to have 1 million electric or hybrid cars on the road by 2014 (though it hasn't specified how many of each). Britain is trying to persuade Japanese automaker Nissan to make its Sunderland plant the European base for its little electric car the Leaf, and London plans to have 25,000 charging stations hooked up to the grid by 2015. France has put big money into building a countrywide network of charging stations, as well as a plant to produce electric-car batteries...

Author: /time Magazine | Title: Denmark Leads Europe's Electric-Car Race | 2/14/2010 | See Source »

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