Tag Archives: russia

China Goes on a Smart Shopping Spree

The world might be sinking into its worst recession in generations, but China is on a wild shopping spree. Sitting some $2 trillion of cash reserves, Beijing is taking advantage of the woes of others to cement its grip on new sources of commodities ranging from olive oil to crude oil —often at fire-sale prices. China’s growth rate may be slowing in concert with the world economy, but even at that slower rate, its economy continues to expand, requiring a steady increase in supplies of oil, copper, aluminum and other minerals.

Iran tests its first nuclear power plant

Iran tested its first nuclear power plant Wednesday, a stride that prompted one Iranian technician to declare it was "independence day" for the Islamic republic. Tests were carried out at the Bushehr nuclear power plant using “dummy” fuel rods, loaded with lead in place of enriched uranium to simulate nuclear fuel. In a news release distributed to reporters at the scene, officials said the test measured the “pressure, temperature and flow rate” of the facility to make sure they were at appropriate levels

The Nuclear Risk: How Long Will Our Luck Hold?

This is how a submarine-launched ballistic missile works: once airborne, the 60-ton missile travels out of the earth’s atmosphere into sub-orbit, where it moves toward its target at a shade under 4 miles a second. Approaching its destination, the tip of the missile splits into multiple, independently targeted warheads, each loaded with bombs up to 24 times more powerful than the Hiroshima blast, which re-enter the atmosphere in a spectacle that from the ground would resemble a meteor shower, before it resembled a thousand roaring suns. There are hundreds of these and similar land-based long-range missiles ready to launch at a moment’s notice.