"The surge in gold prices left many miners a bit short of capacity, and this is the less expensive way to expand, " he adds.

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Bushehr is likely to produce over 8 billion kWhrs of electricity each year, replacing quite a bit of natural gas capacity, and allowing that much more natural gas to be exported at a profit.

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The OBR is now a bit gloomier about the longer-term capacity of the economy, meaning they think our potential output will be about 1.3% of GDP smaller than previously thought by 2017.

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The higher the capacity, the lower my per bit charge.

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The third layer uses TLC memory for capacity storage at a much lower price per bit.

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He says the debate is really around demand from the memory sector, with most bit growth forecasts at levels where there would be only upgrades of capacity, and not a lot of new capacity.

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On the first point, although some tax increases will be needed to shore up fiscal capacity lost when revenue-raising financial services and property deals bit the dust, international experience argues that spending cuts, not tax rises, should bear the brunt.

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Similarly, stimulus investments have helped transform the United States from a bit player in international advanced battery markets to a global competitor with an estimated 20 percent of worldwide manufacturing capacity online by 2012, all while potentially driving down the cost of electric vehicle batteries by up to 70%.

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