RISK

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Subsidizing Private Sector Risk Makes Canada Less Competitive

Almost all innovation policy and spending by the Ontario and Federal Governments are focused on subsiding private sector risk. These kinds of government programs create artificial gatekeepers, arbiters empowered to make capital allocation decisions despite never having "been there and done that" -- or often being less qualified to evaluate a new billion-dollar-plus opportunity than the startup founders they are judging.
ChristianChan via Getty Images

Subsidizing Private Sector Risk Makes Canada Less Competitive

Almost all innovation policy and spending by the Ontario and Federal Governments are focused on subsiding private sector risk. These kinds of government programs create artificial gatekeepers, arbiters empowered to make capital allocation decisions despite never having "been there and done that" -- or often being less qualified to evaluate a new billion-dollar-plus opportunity than the startup founders they are judging.
ASSOCIATED PRESS

Nigeria's Optimism Amid Ebola's Threat

Optimism resides in Nigeria, despite the potential horrors of Ebola's global spread. Why so? As of September 23, the Centers for Disease Control has 21 confirmed cases with eight deaths in Nigeria from Ebola. That number is low. This is, in part, because childhood education is essential to the rising Nigerian economy.