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...costs spiraling out of control again? Yes, the global credit crunch has increased the cost of borrowing, and oil spikes have increased the costs of materials. But ironically-tragically, really-the main problem has been the 30-year hibernation of the nuclear construction industry, the legacy of the incompetence that led to TMI. The specialized workforce of nuclear engineers, welders and other reactor-builders has withered, which means higher labor costs and more delays. Our nuclear industrial base has atrophied as well; for example, the world's only steelworks capable of forging containment vessels is now a Japanese monopoly, forcing...

Author: /time Magazine | Title: Three Mile Island at 30: Nuclear Power's Pitfalls | 3/27/2009 | See Source »

Narayan applies a mask of diatomaceous earth, microdermabrasion crystals, lavender, clove and sweet orange essential oils, which feels tingly and smells awfully Christmassy. She massages that in and then applies a serum of aloe vera and jojoba oil. I'm feeling pretty great and really sleepy when Narayan tells me she is going to tap out my tension. This tapping, it turns out, isn't tapping as much as really hard, fast banging on the bones around my eyes, jaw and nose with a stone pestle, for about half an hour. I don't know if tension is leaving...

Author: /time Magazine | Title: Spas Are So Yesterday | 3/26/2009 | See Source »

...giddy (after the '80s and '90s and '00s, beware all giddiness), but they are optimistic about an imminent tide of innovations in technology, energy and transportation. Recall, please, the national mood in the mid-'70s: after the 1960s party, we found ourselves in a slough of despondency, with an oil crisis, a terrible recession, a kind of Weimarish embrace of decadence, national malaise - and at that very dispirited moment, Microsoft and Apple were founded. The next transformative, moneymaking technologies and businesses are no doubt coming soon to a garage near...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...presence on Capitol Hill was not a sales job, the luncheon was dominated by talk of his budget. "These initiatives - education, better health care - are not free," said Senator Mary Landrieu, a Louisiana Democrat, who asked Obama about a provision she strongly opposes that would raise taxes on independent oil and gas producers. "But he was very open to consider some of those changes, which is what I wanted to accomplish...

Author: /time Magazine | Title: Obama's Budget Fight Starts with His Own Party | 3/26/2009 | See Source »

...perceived to have failed as there has been little change in the political structure of the country or moves toward democratization," says David Marples, a Belarus expert at the University of Alberta in Canada. With Russia badly hit by the sharp drop in the price of gas and oil, it's also a good opportunity to increase Europe's influence in the region...

Author: /time Magazine | Title: Belarus: Can Europe Change Its 'Last Dictatorship'? | 3/25/2009 | See Source »

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