Cost Overruns

Trump’s Incoherent Magnet Rant: Dementia or Deception?

President Trump decried a contract with Boeing, claiming the company sought additional funds despite a guaranteed maximum price agreement. He asserted the contract, unusual in its fixed-price structure, was designed to prevent cost overruns common in their typical “time and material” contracts. Trump expressed dissatisfaction with Boeing’s request for more money, emphasizing their obligation to deliver the aircraft at the agreed-upon price. The president’s comments followed broader accusations of widespread fraud within the Department of Education.

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France’s 25-Year Nuclear Reactor Delay: A Costly Climate Gamble?

After a 12-year delay and significant cost overruns, the Flamanville 3 EPR reactor, France’s largest at 1.6 gigawatts, successfully connected to the national grid on Saturday. This marks the first addition to France’s nuclear power network in 25 years, representing a substantial investment of approximately $13 billion. The reactor’s online status coincides with a period of record electricity exports from France. Despite this milestone, the project’s substantial cost overruns and future plans for six new reactors raise questions regarding funding and timelines.

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