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.
Think what happen M$ decided to scrap the new data center, or straight up not buying power from the plant? What if the plant can’t make a profit? Who is going to pay when it defaults? What if there’s a slip up and end up the next Chernobyl? Of course, it’s taxpayer who pay all.
And there it is. I was complaining about subsiding the risk and privatize the profits.
Amazing how first headline was about microsbit needing this…
Now owner needs state aid to provide electric for microshit AI
Ain’t free market capitalism great, wage slaves
U pay for everything
It makes me irate. However it’s not free market capitalism. This is corporate welfare.
indeed but i like to get a rise out of Corpo Democrats (bootlickers) and right wingers (which we really don’t get around here much)
They are seeking a LOAN.
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.
Think what happen M$ decided to scrap the new data center, or straight up not buying power from the plant? What if the plant can’t make a profit? Who is going to pay when it defaults? What if there’s a slip up and end up the next Chernobyl? Of course, it’s taxpayer who pay all.