Archive for August 23rd, 2008

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The United States is a nation whose electric power generation system and grid is becoming increasing inadequate, even as the nation grapples with another energy problem — the $4 per gallon gasoline era.

Moreover, an economic slowdown and a relatively mild summer have to-date reduced the typical electric load electric power generation plants would face, but that respite will end when the U.S. economy starts to expand at a healthy rate again. And when it does, electric power demand will increase.

What’s one model the United States could follow to generate more electricity while the same time reducing coal-based pollution and climate change? France.

That’s right: France. Nuclear power is experiencing a mild comeback in the United States, with 34 new reactor applications on file at the U.S.’s Nuclear Regulatory Bureau. In France, it never left. Further, had the United Says followed the French model, the U.S. would be vastly more energy self-sufficient this day.

France: liberty, fraternity, equality, fission

Nuclear power never went out of style in France, and for this reason France is decades ahead of the United Says — and much of the world, for that matter — regarding energy self-sufficiency, The New York Times reported. An amazing 77% of France’s electricity comes from its 58 nuclear power plants, and it is a net-exporter of electricity to Europe. The United Says has 104 nuclear power plants, which account for only 19.4% of its generated electricity, according to U.S. Department of Energy data, The Times reported.

France began an ambitious nuclear energy campaign for two reasons: 1. It has no oil. 2. It does not have abudant coal. End of discussion.

Concerned about nuclear waste? The United States has always cited nuclear waste processing as a barrier to nuclear power but France has had in place an active nuclear reprocessing program at COGEMA La Hague and Tricastin for decades.

And now, France’s new European Pressurized Reactor will replace natural gas-powered and coal-power electric plants. Each plant will save two billion meters of gas each year and eliminate millions of tons of CO2, The New York Times reported.

Are wind and solar power technologies being developed in France? Yes, they’re, as they’re in the United States, so states economist Peter Dawson, whose specializations include the economics of energy. Wind, solar, and other renewable energy forms are definitely part of the new era’s energy mix, and as soon as they can beat nuclear on cost per kilowatt hour, nuclear power will most likely be phased out, he said. “But that day is at least 10 years away, perhaps as long as 15-20 years away,” Dawson added.

In the meantime, the United Says will need to meet a sizable increase in electric power demand, “so more nuclear power has to be part of the equation,” Dawson said.

Energy Analysis: The French electric power model is compelling on climate change and energy independence grounds. The view from here’s that the U.S. must build as many nuclear power plants as possible to ensure an sufficient electric power supply well into the mid-21st century, at which time the transition to other, renewable technologies should be cost-effective and underway.

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eonlabs writes “A new paper has been published on the formation of stars in close proximity to a supermassive black hole. Their formation has not been well understood until now, but with the help of a year of supercomputer time, scientists have been able to model the interstellar processes needed to produce them. The results not only match up well with earlier observations, but provide clues as to how their formation is remotely possible. It also helps clear up previous research in this area. ‘The simulations…followed the evolution of two separate giant gas clouds up to 100,000 times the mass of the Sun, as they fell towards the supermassive black hole. …The disrupted clouds form into spiral patterns as they orbit the black hole… In these conditions, only high mass stars are able to form and these stars inherit the eccentric orbits from the elliptical disc.’” The paper itself was published in Science, but you’ll need a subscription to read more than the abstract.

Read more of this story at Slashdot.

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McCain and Biden both rivals and friends - Seattle Times
Longtime political rivals but personal friends, John McCain and Joe Biden are reprising those roles that they’ve mastered for decades in the most exclusive circles of power in Washington. Both are veteran members of that exclusive club called the

Fannie, Freddie rescue plans leave many anxious - Miami Herald
WASHINGTON A government rescue of Fannie Mae and Freddie Mac could be pricey for scores of investment, banking and insurance companies that hold billions in preferred shares of the mortgage finance giants as assets. Speculation has been building on

Paulson’s Fannie-Freddie fix - CNN Money
NEW YORK (Fortune) — The market is betting Henry Paulson is about to put on his black hat again. But the Treasury secretary may not be so easily typecast in the saga of the government-sponsored mortgage finance companies. Shares in Fannie Mae and

Greenwood Loses Finance Director - Southwest Times Record
Greenwood Finance Director Dallas Melvin resigned effective Sept. 4, he said Friday. Melvin of Fort Smith has served as Greenwood’s finance head since Might 2003. He has 35 years of finance experience. Melvin stated an opportunity arose that he couldn

Groups set to put Electoral Finance Act to test - Stuff
Lobby group the Sensible Sentencing Trust is planning to defy the Electoral Finance Act in the lead-up to the general election. The group has decided on its course of action after receiving conflicting legal advice over whether material it intends to

Treasury Keeps Watchful Eye on Fannie, Freddie - Washington Post
A top concern of Treasury Secretary Henry M. Paulson Jr. as he ponders whether to pull the trigger on a rescue plan for mortgage financiers Fannie Mae and Freddie Mac is the fate of its “preferred” shareholders, which include regional and community

From the Ground Up - Washington Post
Carson Evan lent his younger sister $17,000 through Virgin Money. “It’s better if she’s not writing the check directly to me, to pay back her brother, even though she’s,” he states. (By Marvin Joseph — The Washington Post) Steve Lubs was looking to

ITV to announce new finance director as Ian Griffiths - Times On the internet
ITV is close to announcing Ian Griffiths, formerly of magazine group Emap, as its new finance director. The role is now covered by ITV chief operating officer John Cresswell. Griffiths spent 13 years at Emap. He left in March, when the owner of

Nepali newly-appointed finance minister promises relief for flood - Xinhua News Bureau
KATHMANDU, Aug. 23 (Xinhua) — The newly appointed Finance Minister and senior leader of the Communist Party of Nepal Maoist)(CPN-M) Baburam Bhattarai Saturday said the first job of the government will be to provide relief to the 50,000 people

Outsource Partners International Named to Inc. Magazine’s List of - Forbes
Outsource Partners International, Inc. (OPI), a leading provider of finance and record-keeping outsourcing (FAO) as well as related services, announced this day that it has once again been named to the Inc. 5000. Posting three-year growth of 126%, 2008

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The New York Times is running a story about how political blogging has arrived as a widely-accepted form of reporting during this election year. In addition to the nationwide Television and radio audiences, the candidates are making efforts to get their message onto the increasingly popular blog network. In doing so, they’ve elevated bloggers to the level of traditional media reporters at the national conventions. “The major political parties first gave credentials to bloggers in 2004. The Republicans allowed a dozen bloggers to attend their convention in New York, while the Democrats gave bloggers 35 seats in the nosebleed section of the Fleet Center in Boston. This year, the R.N.C. gave credentials to 200 bloggers as a means to ‘get Senator McCain’s message out to more people,’ stated Joanna Burgos, the press secretary of the convention. For bloggers attending the Democratic convention at the Pepsi Center in Denver, two types of credentials are offered. The first is a national credential, which offers the same access granted to members of traditional news media organizations. The second, more coveted credential is the state blogger credential. It allows one blogger per state to cover the convention alongside its state delegation, with unlimited floor access.” Of course, political blogs are abuzz today with the news of Obama’s selection of Senator Joe Biden as a running mate.

Read more of this story at Slashdot.

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Gamepolitics notes that starting next Monday, Xbox Live users will be able to register to vote using their game console. They’ll also be able to participate in polls and “voice their thoughts to the presidential candidates.” Quoting the press release: “This is the first time that Rock the Vote has joined forces with an entertainment partner such as Xbox to reach voters under 30. Xbox LIVE is the largest online social network connected to the television, with membership totaling 12 million — if Xbox LIVE were a say, it would rank as the country’s seventh largest, giving it approximately 20 electoral votes. Xbox also will have a presence at both the Democratic and Republican conventions, promoting the Rock the Vote partnership and educating delegates about creating a safer entertainment environment on Xbox 360 and Xbox LIVE using the built-in parental controls known as Family Settings.”

Read more of this story at Slashdot.

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