Saturday, May 10, 2014

Saturday Morning News -- May 10, 2014

The Wall Street Journal

US, Germany still at odds over sanctions on Russia. My hunch is John Kerry is running the show and President Obama is again betting on the wrong horse.

Malls are struggling as Penney, Sears shrink. I can't remember the last time I visited a mall.

EPA weighs rules demanding disclosure of fracking chemicals.

Regulators worry US nuclear plants are vulnerable to 'quakes.

Doing what he can to keep Benghazi and ObamaCare off the front page, the president lays out plans on clean energy.

The Los Angeles Times

Mortgage rates defy forecasts, hit six-month low.

Battles over "who pays" for shutting down California's San Onufre's nuclear plant are gaining steam. This will be more fun to watch than the imploding Clippers.
Heated battles over who pays for last year's permanent closure of the San Onofre nuclear power plant — and how much — are just getting started. Even some consumer groups are already at odds with each other.
Experts peg the immediate cost at $4.7 billion to pay for utility investments, replacement power and ongoing maintenance relating to the early shutdown of two reactors at the San Onofre Nuclear Generating Station.
A proposed settlement would initially apportion the costs so that $3.3 billion would be covered by ratepayers and $1.4 billion by utility shareholders.
So, double, triple whatever costs you think this will be -- lawyers see very deep pockets at play here. 

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