Radioactive Loan Guarantees Get Cut
Friends of the Earth is reporting that $500 million in loan guarantees coveted by the nuclear industry were stripped from the Obama administration’s stimulus
Jul 31, 2020184.3K Shares5.2M Views
Friends of the Earthis reporting that $500 million in loan guarantees coveted by the nuclear industry were stripped from the Obama administration’s stimulus bill at the last minute. Last week, 243 environmental, consumer, and religious organizations and small businesses sent a joint letter to senators expressing their “dismay and anger” over the inclusion of the guarantees by the Senate Appropriations Committee.
As I reported yesterday the whole idea was the brainchild of Utah Senator Bob Bennettwho the proceeded to voted against the stimulus package. The fact that supporters of the idea could never bring themselves to defend the chief beneficiary, the nuclear power industry, showed the political radioactivity of the idea. Yesterday, the language authorizing the expenditure was cut by House and Senate negotiators. Waste averted.
Dexter Cooke
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Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide.
He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina.
Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations.
As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all.
Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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