The News Issue Week Day

RICH AMERICA, POOR AMERICA The split nature of today's economy has been great for stock like Coach, tough for ones like Wal-Mart. Why that won't change much, even as the Democrats gain clout in Washington. he New IBM

Big Blue's shareholders have been blue for the past few years. But the tech giant has a new strategy, focused on software. Best of all, it's working.

Randall Forsyth The buck may be real loser in Iraq ...

Review&Preview A vote keeps ASMI intact. Going more nuclear ...

Storming Ahead, After run-up, a few insurers look good ...and Direct TV

Smooth Style Polo stock will stay in fashion ...

Follow the Leaders Copying smart stockpickers is one way to build a best-ideas portfolio, and it saves on management fees. A look at Oracle, Sears, AutoZone,Wendy's and other top holding of five closely watched hedge funds ...

Coming Spinoff Duke Energy's powerful idea ...

The New Big Blue Cover Story: IBM investors may soon be smiling like CEO Palmisano, as Wall Street comes to realize that Big Blue's reinvention as a software giant gives it a steadier, more profitable business with plenty of potential for further improvement ...

Spreading Joy The four rules of good giving ...

Technology Trader Microsoft stock could be ready for takeoff, now that new version of Vista and office have launched ...

13 Great Gadgets Our pick for sleek and sophisticated gadget gifts include Sony TAV-L1 all-in-one home theater, a digital SLR camera, Logitech's Harmony 1000 universal remote ...

Thursday

Dems Unlikely to Dim Nuclear Plants' Future


A Democratic takeover of Capitol Hill shouldn't doom the U.S. nuclear-power industry's resurgence.

Utilities and their partners intend to file applica­ tions in 2007 and 2008 for up to 31 new reactors, says Adrian Heymer, the Nuclear Energy Institute's senior director for new plant deployment. The first should come on line around 2014. The plans are a re­ sult of a program Congress passed in 2005 that offers generous production tax credits to nevv plants in opera~ tion by 2021. The legislation was approved with bipar­ tisan support by a Congress seeking to cut U.S. depen­ dence on foreign oil.

Five of the proposed reactors are rated at 1,600 megawatts. Their combined capacity is 1,191 mega­ watts greater than the three power plants at Washing­ ton state's mile-long, 700-feet-tall Grand Coulee Dam, which holds back a man-made lake 150 miles long. The total capacity of all the proposed new reactors would be 40,000 megawatts, versus the 200,000 additional megawatts experts say the nation will need by 2024. The U.S. now has 103 operating nuclear reactors in 31 states, with a capacity of 99,988 megawatts. They pro­ vide 20% of the nation's electricity.

Meanwhile, Nevada's Harry Reid, who will become Senate majority leader in January, staunchly opposes a plan to store 77,000 tons of nuclear waste from around the country in a 1,000-foot-deep vault at Yucca Flat, an old nuclear-bomb testing site about 90 miles from Las Vegas. The waste would stay lethal for 10,000 years. Reid and state officials say the facility is geologically un­ sound. He suggests storing spent fuel at reactor sites.

Reid could block the project indefinitely. But Heymer points to alternate plans for the spent fuel. One possibility: moving it to an interim site for partial recycling, to reduce its lethality before it is buried at Yucca Flat. That could keep the building on track.

-JIM McTAGUE

Complete Archive Desember 2006

The New Cisco As technologies like Internet video take off, Cisco Systems, the king of computer networking, will be among the biggest winners. Why its shares could rally another 15%.

Survivor! GOP Will Hang On Despite a profusion of predictions to the contrary, the Republicans will keep control of Congress through just barely. So says our highly reliable seat by seat analysis of local political funding.

The New IBM Big Blue's shareholders have been blue for the past few years. But the tech giant has a new strategy, focused on software. Best of all, it's working.