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| Bill Gates wants to fund anti hurricane machine with Cat-Bonds |
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| Written by Robert Koller |
| Monday, 13 July 2009 00:00 |
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Apparently Bill gates and some other important brains want to stop hurricanes by mixing hot and cold water. The problem is that it would need many, many, many ships to do so. But Bill Gates and his colleagues have found a solution: they want to fund the costs through the sale of catastrophe insurance policies - and they want to patent it.
As posted on this blog previously we have already published such a concept for financing infrastructure with cat-bonds see here. We hope the patent office will keep this in mind. Here is the link to the story http://www.techflash.com/microsoft/50385622.html.
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