Word: cleanup
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...that the price tag is going up. While the Bush Administration has earmarked $130 billion for the bailout, Bowsher said the RTC will require at least $150 billion as depressed real estate markets slash the value of RTC holdings. When interest charges are included, the final cost of the cleanup could approach $500 billion over the next 40 years...
These technological problems may be solvable. Timberwind proponents say cleanup systems could remove radioactive by-products before they are discharged into the air. Better still, the atomic engines would be handy on a manned mission to Mars. Nonetheless, the program's political problems may be insurmountable. The 1979 accident at Three Mile Island shook America's confidence in nuclear technology, and the Challenger explosion dramatically demonstrated the vulnerability of space launches. Not surprisingly, many scientists are bothered by the idea of putting these two technologies together. In 1989, antinuclear activists, protesting potential "Chernobyls in the skies," organized the first civil...
Mazzone implemented the ban in connection with the effort to clean up Boston Harbor, which he is currently overseeing. The court order is meant to force the state and the MWRA to agree on a site to use as a sludge landfill as part of the harbor cleanup...
...streets, Christy took pains to get on a first-name basis with many of the area's 700 residents and learn what neighborhood problems concerned them most. Those conversations led him to recognize, he says, "that the good people far outnumbered the bad." Meanwhile, he organized a volunteer community cleanup, which filled 30 Dumpsters with litter; arranged federal funding for floral plantings; and even held a contest to choose a name for the neighborhood: Sparrow Estates...
Thus Exxon's oil slick, which holds the North American record for volume (11 million gal.), cleanup costs ($2.5 billion) and bad publicity, has now set a new high mark for penalty payouts -- almost 40 times as great as any previous spill. Nonetheless, one critic denounced the settlement as an inadequate "back-room deal," while company chairman Lawrence G. Rawl declared that it "will not have a noticeable effect" on Exxon's financial results. But Attorney General Dick Thornburgh said it "sends a very important signal that there are criminal consequences for this kind of activity...