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Bernard Madoff, convicted of running an $65 billion Ponzi scheme, was sentenced to 150 years in jail. What’s your take on his punishment?

Too heavy. There’s no point having him die in jail.
About right.
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The Kiplinger Washington Editors
July 2, 2009
 

Overhauling
Financial Regs

By year-end or so, Congress will give the nod to a major rewriting of the nation's financial regulatory system. This week’s Kiplinger Letter explores whether the package will do more harm than good and what lawmakers are likely to include.
 
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I just attended a franchise seminar. The speaker represents a few hundred franchises that (he says) are hand picked. He has the prospect (aka victim?) answer some questions about themselves then he makes recomendations - based on your personality, capital situation, etc.. If you pick a franchise, then he does some due dilligence for you. If you both decide it's a good idea, he helps you get started. He says he offers this service free of charge, which means he gets a commission if he's able to sell you a franchise. Has anyone done this? Successfully? Unsuccessfully?
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Miniplants to Pave the Way for Nuclear Renaissance

Industrial uses will save money, offset environmental concerns and boost the economy.
 
 

The first new nuclear power plants in decades -- hot-tub-size minireactors -- are being developed by Toshiba, Hyperion Power Generation and NuScale Power. The miniplants can create enough electricity to power a town of about 25,000 homes. Municipal uses aren’t likely, though. In four to five years, the miniplants will show up in remote spots for heavy industrial uses, such as oil extraction from tar sands or water desalination.

Mininukes are getting a boost from environmental concerns about burning fossil fuels, which spew out carbon dioxide, implicated as the chief villain in global warming. It will be far cheaper to install a pint-size nuclear generating plant to produce electricity or heat than to build a coal- or natural gas-fired plant that requires costly carbon dioxide burial. It’ll also be a lot cheaper than purchasing carbon credits to offset the impact of fossil fuel pollution.

Mininukes aren't just suited to replace power generating stations. Hyperion Power Generation's unit should save around $2 billion over five years when used to replace gas-powered steam engines common in oil fields.

Look for Toshiba to be the first to get the nod from the Nuclear Regulatory Commission (NRC) to build miniature nuclear generators. The reactor, dubbed 4S and built by Toshiba and its Westinghouse Electric subsidiary, will have a generating capacity of 10 to 50 megawatts (MW). That's a pipsqueak compared with full-size nuclear generating stations with capacities of about 1,000 MW to 1,600 MW.

Hyperion is likely to get the OK a little later, but it has big plans to start building 4,000 or so 27 MW reactors at a New Mexico plant within four years or so. NuScale Power also expects to field a 45 MW unit.

In 2014 or 2015, look for the first new full-size plant to come on line, followed by a score or more of additional facilities erected within a handful of years. They will be the first new nuclear power generating facilities to crank up since the late 1970s.

In fact, demand will be large enough to support assembly-line production. The Shaw Group and Westinghouse Electric are building an enormous facility in Lake Charles, La., to mass-produce control systems, piping, steel reinforcing and other components for a standardized plant, the AP1000.

Only the reactor core needs to be built on-site. About half of the 20 or so new full-size nuclear power plants now seeking NRC approval will use this Westinghouse-designed reactor. The Shaw/Westinghouse commitment to spend about $100 million to build the plant is a major step toward the nuclear renaissance, as Kiplinger first forecast in 2004.

"The fact that these companies are making an investment of this size shows they believe the potential for a significant commercial nuclear power market is real," says Adrian Heymer, senior director for new plant deployment at the Nuclear Energy Institute.

The atom plant assembly line will trigger a wave of orders for suppliers nationwide. They’ll get around $18 billion over the next decade in new business -- everything from high tech to basic materials, including computers, control electronics, software, display consoles, steel, machine and specialty tools, wiring, concrete and asphalt.

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