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...waste-disposal problems, safety issues and regulatory delays create a much more serious obstacle to a nuclear comeback: they jack up the already exorbitant cost of construction. That is the truly serious drawback of nuclear energy. Recent studies have priced new nuclear power at 25 to 30 cents per kilowatt-hour, about four times the cost of producing juice with new wind or coal plants, or 10 times the cost of reducing the need for electricity through investments in efficiency. Nuclear energy is much cleaner than coal, and it provides baseload power when the wind isn't blowing...

Author: /time Magazine | Title: Why Obama's Nuclear Bet Won't Pay Off | 2/18/2010 | See Source »

...high, with the federal debt mounting by the trillion as Washington politicians pay lip service to fiscal responsibility (picture a sermon on humility delivered by Shaquille O'Neal), an outbreak of outrage was inevitable. The Tea Party movement is just one expression of a vast discontent unsettling the country. Recent polls have found that two-thirds of Americans describe themselves as dissatisfied or angry with their government - a huge, not-so-silent majority that ranges from conservatives convinced that Obama is a Maoist to liberals convinced that he is a corporate tool to Obama loyalists who resent that the President...

Author: /time Magazine | Title: Why the Tea Party Movement Matters | 2/18/2010 | See Source »

...Murphey said he would love to see a better health care system but has no confidence that the government can deliver one. "I can't trust them, and we can't afford it. They haven't proven to me that they can do anything efficient," he said. Murphey's recent Tea Party meeting consisted of just five guys in a bar, but that's not so bad for Arlington, home of the Pentagon. Protesting Big Government in Arlington is like disdaining microchips in San Jose. (See the screwups of Campaign...

Author: /time Magazine | Title: Why the Tea Party Movement Matters | 2/18/2010 | See Source »

...third strand of thinking is more prosaic and might feel familiar to survivors of politics of the early 1990s. That too was an era of deep divisions and wildly swinging opinion polls: Obama's recent roller-coaster ride is nothing compared with the 50-point plunge in George H.W. Bush's ratings as he approached his re-election campaign. Then, as now, the culprit was a sour economy, but the voice of indignation came not from TV ranters but from a Dallas billionaire. H. Ross Perot catalyzed an anti-incumbent, back-to-basics, pox-on-Washington movement that...

Author: /time Magazine | Title: Why the Tea Party Movement Matters | 2/18/2010 | See Source »

Bolstering the argument that Anthem Blue Cross will likely be able to proceed with its massive rate hikes is the fact that these kinds of increases are nothing new. The company made news for similar double-digit spikes in 2005, for example, and a recent study found that average individual insurance premiums in California increased 23% between 2002 and 2006, even as the actuarial value of these plans dropped considerably. (This means consumers are paying more for less coverage than before...

Author: /time Magazine | Title: A Big Insurance-Rate Jump in California: Will It Stick? | 2/18/2010 | See Source »

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