Why Doesn’t U.S. Recycle Nuclear Fuel? The chattering class’s call for action on “climate change” overlooks a crucial point: to succeed, we need to increase reliance on nuclear power, the cleanest technology available, despite the vocal opposition from those who fear another Three-Mile Island or a more-serious disaster like Chernobyl or Fukushima. Compared to electric generating plants fueled by coal and other fossil fuels, nuclear plants have a very light “carbon footprint.” Current public policy, however, favors solar, wind and other “green” energy sources, largely because used nuclear fuel remains radioactive, and policy-makers can’t decide what to do with it. Read more at www.forbes.com.
Stronger Dollar A Headwind For Companies With Global Reach. The American economy’s recovery was supposed to be good news, but that economic strength is quickly revealing weaknesses in investors’ portfolios. As U.S. GDP growth pulls away from the rest of the developed world, the strengthening dollar is putting pressure on some of America’s largest companies, from technology to automobiles. Read more at www.forbes.com.
OPEC Split as Oil Prices Fall Sharply. Oil prices sank again on Monday, giving consumers more of a break and causing a split among OPEC leaders about what action should be taken, if any, to halt the slide. The price drop has led to a near free fall in gasoline prices in the United States. On Monday, the national average price for regular gasoline was $3.20, 9 cents lower than it was a week ago and 14 cents below the price a year ago, according to the AAA motor club. Read more at www.nytimes.com.