This is driven by a combination of factors: low power prices due to the development of unconventional gas, the lack of incentives for low-carbon power and risingcosts of nuclear power.
Just five years ago, coal was flourishing in the U.S. With electricity demand and the price of natural gas both rising, coal was viewed as essential to keeping powercosts under control.
Risingcosts, greater difficulties in attracting and retaining key employees and power shortages in many coastal areas may cause companies to re-think their China manufacturing strategies.
While rapidly rising medical costs are a legitimate concern, the fact remains that young people very much have it in their power to prepare for the financial realities of retirement.