this post was submitted on 04 Oct 2024
315 points (99.1% liked)
Technology
59696 readers
2517 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
They don't need a LOAN, they can pay out of POCKET. Also if it DEFAULTS the TAX PAYERS will end up footing the BILL. How much MONEY will MS make off of this? Will they take care of clean up if something bad happens? If it's a federal loan who provides the money off the bat?
Microsoft may not have that cash at that jurisdiction; any big company with tonnes of cash still often take out loans because it’s cheaper to pay it back that move cash from one jurisdiction than another. If the nuclear power company defaults and Microsoft backs the loan, I’m still guessing Microsoft pays back the loan.
What do you mean when you ask “how much money will Microsoft make out of this?” If they’re taking a risk, in the way our economy is currently organised, they stand to lose and they stand to gain. You do realise most nuclear power stations were state guaranteed private companies right? Are you against the nuclear industry, the way we organise our economy, or Microsoft’s actions specifically?
The risk of nuclear is tiny, but real. That’s the way with all nuclear companies. Why should who runs the plant influence the form in which we support any clean up required if the most terrible thing happens (ps: It won’t, but that’s another matter and one I’m sure you’ll want to debate endlessly about too)?
No I won't endlessly debate with you, because it's not a debate. You don't appear to have issue with this, while I do. You will not change my mind, and I won't change yours.