01/01/2017 | Kennedy Maize
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Regardless of one’s views of the social values of nuclear power — compelling cases can be made all around — as a business proposition nuclear stinks.
The latest evidence comes from the giant Japanese conglomerate Toshiba, which saw a third of its market value vanish in two days of trading (20% in one day, a free-fall stopped only by a limit to trading losses imposed by the Japanese stock market). Credit rating agencies promptly downgraded (...)