Marketplace Tech · Behind the screens: What it’s like to interview an AI news agent
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advocated for a public bank that could step in to offer immediate low-cost loans after a disaster instead of waiting for federal aid
“When you start this firm, you would be applying for financing from a public bank the same way you would apply for financing today. You would have to have a business plan. You would have to receive a loan that would be at a interest rate that the bank feels comfortable with.”
“They include investments like the Arrokoon Multipurpose Community Resilience Centre in Queensland, a $7.9 million project to deliver a purpose-built public cyclone shelter and facility for disaster coordination and evacuation.”
“I said, wait a minute. So if you have a very low cost energy and you have this roasting craft and you fuse those, you could probably create this product.”
“If you offer liquidity 100 percent of the time, and people want their money back, then naturally that gating provision has to come about because you have to wait to the loans actually come back.”
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