Monday, January 4, 2010

This will leave a mark

Lithuania nuke plant shutdown

"Vilnius [capital of Lithuania] later tried and failed to convince Brussels to let it keep the plant open until a replacement is ready -- something not expected until 2018-2020."

"Power prices in this country of 3.3 million people are to rise Friday by 30 percent for households and 20 percent for companies, marking a new blow amid one of the world's deepest economic crises."

This is a particularly apt demonstration of the need for long-term planning.

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