Word: reprocessing
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Iran announced on Thursday that it had delivered its response on a proposed nuclear deal to the International Atomic Energy Agency in Vienna. It appeared to signal that its answer - not yet made public - is to accept the framework of the agreement to reprocess some of its enriched uranium abroad to create fuel for a medical research reactor but at the same time demand important changes to the deal. As Tehran has kept the world waiting over the past week, conventional wisdom has held that Iran is playing for time, testing the limits of international political resolve, and hamstrung...
Still, some apprehension over the details of the legislation remains, especially in India where some pundits believe the U.S. has retracted its earlier assurances that it would help India access technology to reprocess spent fuel and build a stockpile of nuclear material to tide over any potential supply disruptions. President Bush's recent statement in which he said his administration has made a "political" but not "legally-binding" commitment to assure fuel supply to India has upset many. Others, however, point out that assured fuel supply depends on India sticking to the commitments it has made to the International Atomic...
...only 3% enrichment, but a nuclear warhead requires at least 90% enrichment, and more centrifuges. The difference is so significant that international inspectors would probably detect the enrichment change unless Iran chose to enrich its uranium covertly, slowing the process. A country with civilian nuclear plants could choose to reprocess spent atomic fuel into plutonium, which can also be used for bombmaking. That would require the construction of a separate reprocessing facility. You need to be smart enough to actually design a weapon, but as Edwin Lyman of the Union of Concerned Scientists points out, "If you can make fissile...
...strength of his skill in resolving these legal hassles. But he led Citi smack into the next big financial scandal: subprime-mortgage lending. Over the past five years, Citi went from also-ran to leading issuer of the CDOs that take subprime mortgages or other loans and reprocess them into purportedly low-risk securities. Market jitters and ratings-agency downgrades have sent CDOs into a free fall--and now the banks have to account for the losses...
...Agreeing on the final 10%, though, is proving difficult. That's because India insists on its right to reprocess spent fuel and demands access to reprocessing technology. Reprocessing, however, yields plutonium, which can be used both to fuel reactors and for making bombs. Under its "Separation Plan," India says fuel purchased abroad for civilian purposes will not be diverted for military uses, but some in the U.S. fear that accepting India's demand for reprocessing rights and technology will increase its strategic nuclear capabilities...