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Should taxpayers insure office buildings and sports stadiums against terrorist attacks?

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As you watch the Stanley Cup or NBA finals this week, keep in mind that you, as a taxpayer, are bearing some of the carrying costs of the arenas where the Rangers and Kings are skating, and the Spurs and Heat are shooting. It's called the Terrorism Risk Insurance Act, or TRIA, and the U.S. Senate Banking Committee last week approved a bill to extend the program. TRIA subsidizes developers and...

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