Stock Watch Man Acquires Patented Process for Nuclear Remediation

["Sandy Perle" <sandyfl@EARTHLINK.NET>]

Index:



Stock Watch Man Acquires Patented Process for Nuclear Remediation

Russian Nuclear Recycling Test Held

Rights groups want inquiry on Los Alamos scientist

Sweden probes power competition after price hikes

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Stock Watch Man Acquires Patented Process for Nuclear Remediation

  

LAS VEGAS--(BUSINESS WIRE)--Aug. 14, 2001--Stock Watch Man Inc. (OTC 

BB: SWCH) Tuesday announced the appointment of a new board of 

directors and officers in conjunction with the announced agreement to 

acquire exclusive worldwide license for a patented process that 

remediates nuclear waste. 



Dr. Paul M. Brown, an internationally known nuclear physicist and 

researcher, has been appointed as the company's president and 

chairman of the board. The other officers are Patrick Herda as vice 

president, Jackie Brown as secretary/treasurer. 



The majority of company shareholders have authorized a name change to 

Nuclear Solutions Inc. 



The company has entered into an asset purchase agreement for the 

exclusive worldwide license of a patented process that remediates 

nuclear waste. An important feature of the process is the possibility 

of remediating waste on-site without the need to transport it through 

our cities, while eliminating a multibillion-dollar storage burden. 



This process potentially produces significantly more electrical 

energy than it uses, thus becoming an inexpensive source of green 

power. 

----------------



Russian Nuclear Recycling Test Held



MOSCOW (AP) - A Russian facility selected to process spent nuclear 

fuel that Russia plans to import has carried out the first test of a 

furnace for recycling the waste, an official said Tuesday. 



President Vladimir Putin signed a law last month allowing Russia to 

import spent nuclear fuel, despite protests by liberals and 

environmentalists who insist it will turn Russia into the world's 

nuclear dump. Proponents say it will create jobs and bring in money. 



For a fee, spent fuel will be sent by armored train to the Mayak 

facility near Chelyabinsk in the Ural Mountains. The recycling 

process extracts useable nuclear material from the spent nuclear 

rods, while improving safety by reducing the material's potential to 

be used in weapons, the Russian nuclear ministry has said. 



Mayak has staged the first tests of a furnace for turning radioactive 

waste that remains after fuel processing into glass, the facility's 

deputy chief Yevgeny Kyzhkov told the Interfax news agency. 



Engineers used ordinary glass in place of spent fuel during the trial 

run, but later this month will stage tests using solutions that 

imitate radioactive waste, Kyzhkov said. He did not specify when the 

test took place. 



Mayak has done no vitrification - or processing into glass - of 

nuclear waste since 1997, the report said. 



Mayak has been the site of several accidents, including a 1957 waste 

facility explosion that contaminated 9,200 square miles. The region 

has been called the most radioactive place on the planet due to 

accidents and Soviet-era nuclear waste dumping into lakes and rivers. 

----------------



Rights groups want inquiry on Los Alamos scientist



WASHINGTON, Aug 14 (Reuters) - Asian-American civil rights groups on 

Tuesday raised concerns about parts of a Justice Department probe 

that said race did not play a role in the spy probe of Taiwan-born 

scientist Wen Ho Lee and called again for an independent inquiry. 



"Considering the countless questionable details of the investigation, 

it is not surprising to hear an internal investigation found in favor 

of the federal government (on this issue)," George Ong, national 

president of the Organization of Chinese Americans (OCA), said in a 

statement. 



"OCA has always believed that in order for a full and thorough 

investigation to occur, an independent, bipartisan body must be 

formed to check every detail of the case." 



The classified internal inquiry -- only two heavily redacted chapters 

of which were released on Monday -- was written last year by federal 

prosecutor Randy Bellows. 



Henry Tang, chairman of the Committee of 100, a Chinese-American 

advocacy group, said the 150-odd pages released with big sections 

blacked-out were too incomplete to be of much use and repeated his 

group's call for all documents to be disclosed. 



"The whole thing is inconclusive. We need to get full disclosure on 

the full report," Tang said. 



ENERGY DEPARTMENT UNDER FIRE 



The Department of Energy has been under fire for potential racial 

bias in the case of Lee, who was first portrayed as a spy for China 

and, when the allegations collapsed, charged in December 1999 on 59 

counts of mishandling classified nuclear data. 



In April, Energy Secretary Spencer Abraham issued a memo to the 

workforce instituting a policy to eliminate any incidence of racial 

profiling. 



But in May, the DOE was embarrassed again when Oregon Rep. David Wu, 

the first Chinese-American in the House of Representatives, was 

stopped by security guards and asked repeatedly if he was an American 

citizen despite showing his Congressional identification card. 



Lee, a naturalized U.S. citizen, was fired from his job at the Los 

Alamos National Laboratory in March 1999 amid the espionage 

allegations. 



He eventually pleaded guilty to one count of downloading nuclear 

weapons design secrets to a nonsecure computer and the government 

dropped the remaining charges. 



Lee had spent nine months in solitary confinement and was released 

with an apology from a federal judge who blasted the U.S. government 

for "embarrassing our entire nation." 



The chapters released on Monday denounced the DOE's initial 

investigation and faulted the FBI for its "unhesitating and 

unquestioning acceptance" of the department's identification of Lee 

as the most logical suspect. 



But it said it could find no evidence that Chinese-Americans, and Lee 

in particular, were targeted to the exclusion of other potential 

suspects. 



The National Asian Pacific American Legal Consortium (NAPALC) joined 

the OCA in calling for an independent inquiry. 



"...It's clear that some type of independent commission needs to be 

launched into Dr. Lee's case. There's just too many discrepancies, 

too many open-ended questions for us to accept this report," said 

NAPALC legal director Vincent Eng. 



The chapters were released in connection with a defamation lawsuit by 

ex-DOE intelligence chief Notra Trulock against Lee and two former 

DOE officials. Trulock says he was wrongly accused of racism. 



The Department of Energy is currently reviewing Lee's first-hand 

account of his federal prosecution, using its right to review 

manuscripts by former employees to prevent classified information 

from leaking out. 

--------------



Sweden probes power competition after price hikes



STOCKHOLM, Aug 15 (Reuters) - Sweden will investigate its deregulated 

electricity market because the government is worried that inadequate 

competition has allowed power firms to raise prices excessively, the 

industry ministry said on Wednesday. 



The probe, which could lead to greater regulation of the market, is 

the culmination of a long-running debate about whether efforts to 

boost competition have failed to cut power prices after a market 

consolidation in the 1990s allowed big firms to gain greater control 

over the market. 



It comes amid heightened concern in Sweden about anti-trust issues, 

following a high-profile price-fixing scandal involving Nordic 

airlines. 



"I have ordered a speedy investigation into what has happened with 

prices," Industry Minister Bjorn Rosengren said on Swedish 

television. "This could lead to a change in existing conditions and 

some sort of regulation." 



Rising power prices have also fuelled Swedish inflation, which is 

running above the central bank's two percent target, prompting a rise 

in interest rates last month. 



Although prices fell overall in July, electricity was still pushing 

up the consumer price index. 



One of the government's advisers on energy policy, Per Kageson, told 

Reuters two weeks ago that the liberalisation of the market had 

failed as the biggest power producers had gained more control over 

prices and consumers had remained passive. 



PASSIVE CONSUMERS 



The opening of the market in the mid-1990s allowed end-users to shop 

around and haggle for the best deal but surveys show that 70 percent 

have not used this right. 



In the last five months five Swedish power firms have increased 

prices by about 40 percent, and critics have called for an anti-trust 

investigation as the companies raised prices by roughly the same 

amount at the same time. 



The companies say they had to raise prices as underlying prices on 

the Nordic power bourse Nord Pool have nearly doubled in the past 

half-year on fears that water supplies would be lower than normal and 

nuclear power producers would cut output to boost prices further. 



Nord Pool figures show the electricity price has more than doubled to 

0.216 Swedish crowns ($0.021) per kilowatt hour in the first half of 

this year from 0.103 crowns a year earlier. 



Sweden's state-owned utility Vattenfall AB  1/8VATN.UL 3/8 -- the 

biggest Nordic player -- has raised prices for domestic consumers by 

about 40 percent in the last four months to 0.338 crowns. 



Prices initially dipped after Sweden deregulated in 1996 when 

unusually heavy rain and snowfall during a three-year period kept 

down prices and toughened competition in the Nordic region. 



Hydro-electricity accounts for half of Sweden's power needs and 

nuclear energy accounts for most of the rest. 



Criticism is growing as most of the companies reported rising profits 

in the first quarter, boosting profit margins. 



Swedish-Finnish power firm Birka Energi, partly owned by Finnish 

energy group Oyj <FUM1V.HE>, reported a 59 percent rise in profits 

two weeks ago which it attributed to the higher prices. 



Last week Rosengren told Reuters that the government may become more 

restrictive with future liberalisation because of a price-fixing 

scandal involving Scandinavian airline SAS AB.



------------------------------------------------------------------------

Sandy Perle					Tel:(714) 545-0100 / (800) 548-5100   				    	

Director, Technical				Extension 2306 				     	

ICN Worldwide Dosimetry Service		Fax:(714) 668-3149 	                   		    

ICN Pharmaceuticals, Inc.			E-Mail: sandyfl@earthlink.net 				                           

ICN Plaza, 3300 Hyland Avenue  		E-Mail: sperle@icnpharm.com          	          

Costa Mesa, CA 92626                    



Personal Website: http://www.geocities.com/scperle

ICN Worldwide Dosimetry Website: http://www.dosimetry.com



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