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Political Analysis - 03/09/10
March 10, 2010 Recently President Obama pledged $8.3 billion in new loan guarantees needed to build the first nuclear reactors in nearly three decades.
But in 2007 during his run for the Presidency, Senator Obama stated that, due to theunresolved issues of safety issues and storgageand enormous subsides from the government to build the plants,he was "not a nuclear energy proponentand was "much more interested in solar and wind and bio-diesel."
Why has President Obama changed his stance on Nuclear power and what does his relationship with Exelon Energy, his second biggest campaign contrubutor and the largest operator of nuclear power plants in the United Staes, have on his decision?
Vulture Funds - Also we discuss Greg Palast’s recent report on Vulture Funds -Financiers that buy up the debt of poor nations cheaply and then sue for massive profits. Last month in Britain lawmakers passed a bill to restrict so-called “vulture” finaceers from suing in their courts.
In the US there is no restriction on vulture financiers suing in court, butPresident Obama and the US congress could change this.
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