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...Meanwhile, nuclear costs keep spiraling out of control. Last year, the estimates for several reactors doubled, and for one Pennsylvania reactor more than tripled. This is why credit-rating agencies keep downgrading utilities with nuclear ambitions, which increases their borrowing costs and makes their projects even more expensive. Even with the federal guarantees, the new reactors at Vogtle are expected to boost local electricity bills by 9% - and like most nuke-friendly states, Georgia has enacted a law ensuring that ratepayers won't get their money back if the utility fails to complete the plant...
Whether bitter or sweetened, the tea is winning admirers. According to the latest CBS News/New York Times poll, roughly 1 in 5 adult Americans identifies with the Tea Party movement, which scored its first major victory last month when Republican Scott Brown won the Massachusetts Senate seat long held by the late Democrat Ted Kennedy. Brown's promises to bolster U.S. defenses against terrorists and block Obama's health care reforms gave him a blinding Tea Party aura, the glow of which sent fear through the Administration and fried the circuits of Congress. But you can no more trace that...
...Nashville. Recounting how he built a statewide operation from scattered local groups, DeGerolamo said he started with a rally. "I went around and contacted as many of these groups as I could find and invited them to Asheville for what we called the first N.C. Freedom Convention." That was last May. When everyone was gathered, DeGerolamo coaxed the groups - notoriously prickly about their independence - to join under the banner of a single website, NCFreedom.us. Next, he convened a town-hall meeting "for one reason - to get YouTube videos," DeGerolamo said. "YouTube is one of our best allies in terms...
Regardless of what actually happens with Anthem Blue Cross's rate increases, the news has served as a useful tool for an Administration now making perhaps its hardest and last push for federal health care reform. After the Los Angeles Times broke the Anthem Blue Cross story, Health and Human Services Secretary Kathleen Sebelius lambasted the company. First she publicly asked it to justify the increases, and when the company offered a five-page explanation, she responded by saying, "It remains difficult to understand how a company that made $2.7 billion in the last quarter of 2009 alone can justify...
Daveed Kapoor, 30, a healthy, self-employed resident of Los Angeles, is one of California's 700,000 individually insured Anthem Blue Cross customers. Since he bought his policy in 2005, he has seen his premiums rise dramatically. Just last year, his monthly rate jumped from $361 to $495, a 27% increase. Kapoor, who pays his premiums via automatic debit from his bank account, did not receive a notice about the 2009 hike and didn't realize it had happened until reviewing his bank statements several months later. This year's hike - to $665 - may be too much...