Tales from the Trail

Washington Extra – Going nuclear?

 

U.S. Nuclear Regulatory Commission commissioner Kristine Svinicki (L) is seen here with Chairman Gregory Jaczko (C) and fellow commissioner George Apostolakis (R) listening to testimony at a meeting at the NRC's headquarters in Rockville, Maryland in this March 21, 2011 file photo. REUTERS/Larry Downing

Obama to renominate Republican to nuclear panel – President Obama will renominate Republican Kristine Svinicki to the Nuclear Regulatory Commission, defying opposition from Senate Majority Leader Harry Reid, a White House official told Reuters. Republicans want Svinicki, whose term as a commissioner expires in June, to stay on the panel and believe the process is being held up because she, along with three other commission members, accused the current NRC chairman, a Democrat, of bullying women. For more of this story by Jeff Mason and Roberta Rampton, read here.

U.S. House passes Republican business tax cut – The Republican-controlled House of Representatives passed a tax break for small businesses, giving voters a stark alternative to President Obama’s politically popular “Buffett Rule” surtax on the wealthy. In an escalating election-year war of words over taxes, the Republican measure, like the Buffett Rule, is not expected to become law. It is opposed by Democrats, who control the Senate, where the bill was expected to die. For more of this story by Kim Dixon, read here.

Lagarde sees deal in making on IMF funding – IMF chief Christine Lagarde said she expects to win a big boost in funding to help the lender contain damage from the euro-zone debt crisis now that Europe has taken significant steps on its own. For more of this story by Lesley Wroughton and Stella Dawson, read here.

US jobless data suggests slowdown in job creation – The number of Americans claiming unemployment benefits for the first time fell only slightly last week, suggesting that job growth in April will not improve much after March’s disappointing performance. Economists viewed the string of weak reports as payback after an abnormally warm winter boosted activity and did not believe that the economy would suffer a repeat of 2011, when growth slowed down sharply in the first half of the year. For more of this story by Lucia Mutikani, read here.

Washington Extra – Fear factor

This was definitely an Ides of March to beware of.

NUCLEAR-USA/Japan faced a potential nuclear catastrophe after explosions at three reactors at a nuclear power plant sent radiation toward Tokyo. The fear factor sent shivers through world stock markets which tumbled.

Fear also reportedly prompted some Americans to buy potassium iodide tablets and Geiger counters. Good idea?

Reuters energy correspondent Tom Doggett reports that Energy Secretary Steven Chu didn’t see the necessity. “I think there’s essentially no concern in terms of the health effects on American shores. So, I think that they really shouldn’t be doing those things quite frankly, but, you know, it’s a free country,” Chu said after a hearing.

Washington Extra – Sticky situations

It is a natural instinct to review one’s own situation when a friend or neighbor is hit by a crisis.

NUCLEAR-USA/So the risk of a nuclear disaster in Japan after the earthquake and tsunami prompted the United States to look inward. The upshot is that President Barack Obama is committed to nuclear power, and “it remains a part of the president’s overall energy plan,” White House spokesman Jay Carney said.

The administration is not going to switch gears on nuclear policy while a crisis unfolds, so that type of statement is to be expected while it assesses the situation.

from Reuters Investigates:

In case you missed them

Just because it was summer, doesn't mean we weren't busy here at Reuters. Here are a few of our recent special reports that you might have missed.

IRAN-OBAMA/ECOMOMYTracking Iran's nuclear money trail to Turkey. U.N. correspondent Lou Charbonneau -- who used to cover the IAEA for Reuters --  followed the money to Turkey where an Iranian bank under U.S. and EU sanctions is operating freely. Nice to see the New York Times follow up on this today, and the Washington Post also quizzed Turkey's president about it.

 

 

USA-ELECTION/JOBSBlue-collar, unemployed and seeing red -- Chicago correspondent James Kelleher went on the road for this story about the long-term unemployed and what that means for Obama and the Democrats at November's midterm elections.