Swiss nuclear shutdown to cost $22.5bn: study

Shutting down Switzerland's five nuclear power stations will cost about 20.7 billion Swiss francs (16.8 billion euros, $22.5 billion) and take about 20 years, Swiss authorities said on Thursday.

Bonuses and risk not linked, says research

(PhysOrg.com) -- New research into the causes of the credit crisis has cast doubt on the alleged link between bonus payments and risk exposures in the UK financial sector.

Today's plants far safer than Fukushima: US expert

Today's nuclear reactors are "much safer" than the Japanese plant damaged in this year's earthquake and tsunami, a US expert said Thursday, citing dramatic improvements that could prevent similar disasters.

Japan nuclear plant firm opens Twitter account

Tokyo Electric Power Co. (TEPCO), which operates the quake-hit Japanese nuclear reactors, opened an official Twitter account late Thursday, immediately drawing more than 117,000 followers.

How does a nuclear meltdown work? (w/ Video)

(PhysOrg.com) -- When working properly, nuclear reactors produce large amounts of heat via nuclear fission reactions. The heat converts the surrounding water into steam, which turns turbines and generates electricity. But ...

New study shows government spending preferences of Americans

In its 27th survey of American spending priorities since 1973 conducted as part of its General Social Survey (GSS), NORC at the University of Chicago Wednesday released a report on its most recent findings. By a notable margin, ...

Electronic payments crowd out checks in US: Fed

Electronic payments have surged in the United States to more than 75 percent of all noncash payments as check usage continues to fall by the wayside, a Federal Reserve report showed Wednesday.

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