Portugal and the political perils of austerity

The government of Portugal collapsed Wednesday night, an unfortunate event that will likely rekindle the euro zone debt crisis. Prime Minister Jose Socrates resigned after the parliament rejected a slate of austerity measures he was promoting to rein in the country’s budget deficit and debt. Portugal’s borrowing costs were already …

The Future of Nukes in America

The Oyster Creek nuclear plant in New Jersey was opened when the Beatles were still together, and since 1969 its single 645 MW boiling water reactor has provided enough energy to power 600,000 homes. But the oldest nuclear plant will be going out of commission a little early-last year owner Exelon Energy announced that it would close …

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