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The Forum program on NPR this week at one point covered this. The ceo of the company said on the last earnings call that this would not bankrupt them. I dont re
by lozaning 8y ago
The Forum program on NPR this week at one point covered this. The ceo of the company said on the last earnings call that this would not bankrupt them. I dont recall if they had cash, or just had secured financing for the repayment amount, but they can cover at least this fire okay.
- masonic 8y ago(minor correction: Forum is a KQED production, not NPR). KQED-FM broadcasts content from NPR, PRI, and others as well as their own original content.
- kelnos 8y agoThen what's going on here? Why is AB33 a thing? Just greed?
- bobwaycott 8y agoIt’s a systemic imperative of capitalism to externalize the costs of extracting profits from society onto society itself. Governments are incentivized to facilitate this because they have long been captured by and dependent on capital for continued support and existence. If there is a path for increasing profits by offloading costs onto the public, it will be pursued to the maximum extent. But yeah, most of us who wind up shouldering the public burden of externalized costs to maximize private profit would call it greed.