Economic `Armageddon’ predicted

Stephen Roach, the chief economist at investment banking giant Morgan Stanley, has a public reputation for being bearish. But you should hear what he’s saying in private. Roach met select groups of fund managers downtown last week. His prediction: America has no better than a 10 percent chance of avoiding economic “armageddon.”

US companies rediscover coal-fired power plants

Sure, coal sounds dirty and dated, the kind of energy source that went out of fashion with big Buicks and bell-bottom jeans. But a coal project here in northern Nevada is one of more than 100 coal-fueled plants that are vying for approval around the country, the largest increase in such projects since the 1970s.