The reason why the father wished to close down the branch was that it appeared to be making a loss. However, it is quite the reverse; if the branch was closed then, the positive contribution from the branch would be lost and overall profits would fall. This is because the indirect costs of production do not vary with output and, therefore, closure of a section of the firm would not lead to immediate savings.
So it finally happened: And, of course, the car was an Uber.
Well, Uber is a taxi firm. Lots of urban and suburban short journeys through neighbourhoods where fares cluster. In contrast, once you set aside the hype, Tesla's autopilot is mostly an enhanced version of the existing enhanced cruise control systems that Volvo, BMW, and Mercedes have been playing with for years: There's going to be a legal case, of course, and the insurance corporations will be taking a keen interest because it'll set a precedent and case law is big in the US.
I will just quote from CNN Tech here: I mean, it's Uber, for Cthulhu's sake corporate motto: That's going to go down real good in front of a jury. Rob a bank and shoot a guard: Run the guard over while they're off-shift: However, because the culprit in this case is a corporation, the worst outcome they will experience is a fine.
The soi-disant "engineers" responsible for the autopilot software experience no direct consequences of moral hazard. But there are ramifications. Firstly, it's apparent that the current legal framework privileges corporations over individuals with respect to moral hazard. So I'm going to stick my neck out and predict that there's going to be a lot of lobbying money spent to ensure that this situation continues Their "owners" will merely lease their services, and thus evade liability for any crash when they're not directly operating the controls.
Indeed, the cars will probably sue any puny meatsack who has the temerity to vandalize their paint job with a gout of arterial blood, or traumatize their customers by screaming and crunching under their wheels. Secondly, sooner or later there will be a real test case on the limits of machine competence.
I expect to see a question like this show up in an exam for law students in a decade or so: A child below the age of criminal responsibility plays chicken with a self-driving taxi, is struck, and is injured or killed. Within the jurisdiction of the accident see below pedestrians have absolute priority there is no offense of jaywalkingbut it is an offense to obstruct traffic deliberately.
The taxi is owned by a holding company.
The right to operate the vehicle, and the taxi license or medalion, in US usage are leased by the driver. Two months ago, because they'd never hit anyone, the driver downgraded from the "gold package" to a less-effective "silver package".* Some common measures of income in the U.S.
are reported by the Congressional Budget Office, Census Bureau, Bureau of Labor Statistics, Bureau of Economic Analysis, Internal Revenue Service, and Federal Reserve.
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Researchers have used various measures as indications of “earnings quality” including persistence, accruals, smoothness, timeliness, loss avoidance, investor responsiveness, and external indicators such as restatements and SEC enforcement releases.
NOTE: This online catalog works best on a desktop computer with an updated web browser. Kilgore College Broadway Kilgore, TX () initiativeblog.com So it finally happened: a self-driving car struck and killed a pedestrian in initiativeblog.com, of course, the car was an Uber.
(Why Uber? Well, Uber is a taxi firm. Lots of urban and suburban short journeys through neighbourhoods where fares cluster.
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