Kemeno writes: The International Atomic Energy Agency voted on Friday to form a nuclear fuel bank to help developing countries acquire nuclear fuel without having to enrich uranium themselves. Warren Buffet contributed 50 million dollars to a pool of 150 million with contributions from many different countries. The goal of the program is to provide countries with a source of low-grade enriched uranium suitable for fueling reactors but not for creating nuclear weapons.
Kemeno writes: The SEC has filed suit against Goldman Sachs, alleging that the bank engaged in fraudulent behavior by packaging and selling bonds likely to default to investors such as foreign banks and pension funds, while claiming that the content of the bonds would be selected by an independent manager. It should be interesting to see where this goes.