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Submission + - Cost Skyrockets for United States' Share of ITER Fusion Project (sciencemag.org)

sciencehabit writes: ITER, the international fusion experiment under construction in Cadarache, France, aims to prove that nuclear fusion is a viable power source by creating a "burning plasma" that produces more energy than the machine itself consumes. Although that goal is at least 20 years away, ITER is already burning through money at a prodigious pace. The United States is only a minor partner in the project, which began construction in 2008. But the U.S. contribution to ITER will total $3.9 billion—roughly four times as much as originally estimated—according to a new cost estimate released yesterday. That is about $1.4 billion higher than a 2011 cost estimate, and the numbers are likely to intensify doubts among some members of Congress about continuing the U.S. involvement in the project.

Comment Biased insider (Score 1) 139

This guy is pushing an agenda that is likely linked to lucrative government contracting. Check out his linkedin profile: Former Member President's Critical Infrastructure Protection Committee Latest Book: The Chinese Information War: Espionage, Cyberwar, Communications Control and Related Threats to United States Interests (McFarland Publishing) on sale March 29, 2013 Former faculty: Defense Security Institute, VCU, NOVA and Federal Examination Council of the Federal Reserve Board Former Staff Consultant, U.S. House of Representatives Director of Information Assurance, Ballistic Missile Defense Organization Presented 10 international papers, 5 at Canadian Security Symposia, Ottawa 10 years Industrial Security. Inspected government contractor sites and taught first Industrial Computer Security Course for 9 years . 7 years Security Engineering, Intelligence Community

Comment economic model (Score 1) 768

With a final tally of 21 million bitcoins, a rapidly growing user-base and the potential of billions of users, won't bitcoin suffer from a much greater deflation than a metal based currency? What safeguards are available to prevent massive hoarding and subsequent market crashes much like the one that occurred last week?

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