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Are the two agendas — private risk and public assurance — consistent?
It is financed by private risk capital -- unlike any new nuclear project anywhere.
The key question is whether private risk capital can be made to work for the others.
It's the high cost of investment capital to ordinary households and the underwriting of private risk by ordinary tax payers.
A private risk assessment firm was hired, and the resulting report read like an urban disaster film minus Godzilla.
This held that private risk capital beats public money in funding infrastructure, its inherent efficiency more than compensating for the profit taken.
Similar(31)
Perhaps next time Long Island should look to private risk-taking entities like Cape Wind.
Private risk-taking run amok has plunged the country into its worst recession in decades.
In this perspective, private risk-sharing is always imperfect and may lead to financial crises that can be alleviated through government interventions.
The FSF has addressed the fine print, but the question of how to ensure taxpayers do not underwrite private risk-taking again remains unanswered.
I believe that it's the brilliance of how we, in this country, have balanced public and private risk-taking that has set free the creativity and talent that the Americans are so keen to invest in.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com