Wednesday, January 26, 2011

O'Key grocery chain closes Petersburg stores after roof collapse | Business | RIA Novosti
Russian grocery chain O'Key has temporary closed all of its 25 hypermarkets in St. Petersburg after a store roof collapsed under the weight of snow at an O'Key discount supermarket in the city on Tuesday, killing a woman and injuring 13 people, O'Key said.
Why Investors Should Fear America's "Sputnik Moment"
What you get instead is politically directed expense, fueled by fashionable nostrums like energy independence and global warming. President Obama doubled down on his dedication to the latter concept last night by eliminating oil industry subsidies, and by promising fatuously that, by 2035, 80% of U.S. electricity will come from "clean" sources.

That's an amazing promise for a country that hasn't started construction on a nuclear power plant - realistically the only reliable large-scale source of new "clean" energy - in more than 30 years.

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