[econjack]

Regulation is killing this country and its economic system. In Indiana, years ago several power companies got together to build a nuclear power plant named Marble Hill. After 8 years, the necessary permits were in place and construction began. Then, a bunch of tree huggers complained that the reactor might cause the water temperature in the discharge cooling pond to rise above natural levels. (Well, duh, that's what a cooling pond is for.) Anyway, after 13 years of delays, most of them permitting processes, they simply gave up. There are dozens of similar stories and thousands of permits-killed-the-investment stories.

[muawiyah]

Regarding Marble Hill ~ there was a lot more to it than a cooling pond ~ there was the matter of an additional $4 billion in construction costs to make it operational.

The only people to make any money on this project were the lawyers, and then the court cut them off at the knees and they got less than 1/3 of what their minimum take otherwise would have been.

It's really about lawyers.

If the deal with nuke projects was that any losing counsel would be tossed into the reactor I don't think any of them would take the risk.

I looked for material proving improper construction and it wasn't there ~ there had been charges that mistakes were covered over so inspectors couldn't see them but when it came time 30 years later to knock down the building they'd complained about it didn't budge. It took many more tons of dynamite to bring it down.

I suspect the whole project was done in by criminals.