Looks like the Dept. of Energy has denied USEC's application for a loan guarantee for uranium enrichment centrifuge development.
I had been hearing as far back as the fall of 2007 that the USEC project was having difficulties. After reading the comments at the end of Munger's column, it appears they tried to do things on the cheap and the end product was not pleasing to the 'powers that be.'
I wonder what the chatter is like over in Eunic, NM at the URENCO facility?
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