Here is where the beauty of a free market would work wonders. Let's assume you will be dragged into every crash case. It's relatively easy to make your car record all data about a crash. You can predict failure rates and you liability and factor it into the price of a car.
Now insurance companies will do the same thing. With a decent automated car your insurance may be drastically lower. As the consumer you have the benefit of not having to drive and limit your own personal liability. It's up to you as the purchaser to see what the total cost to you is.
I was in a hotel with an in room safe. My kid closed the door and managed to lock it so I called maintenance. The guy came up and hit the # key twice to enter supervisor mode then keyed in 6 9's. Here is a video I shot after he left. I'm pretty sure they don't have an override maintenance code for each room. You could try a few standard combos on your room to figure it out for the hotel. Or just get maintenance up to your room to show you it.
Side effects? What was the side effect of US intervention in WWII joining Russia and China defeat Japan and Germany? Oh just a couple hundred million people killed by their own government.
How does military spending on making weapons in the US help US citizens? The contractors bid up prices on all materials and capital that could be put to use building things people want is instead going to build weapons to blow up things an kill people overseas. We would be much better off with all of those employed in the MIC working in other industries.
A huge percentage of our spending is in maintaining the empire. Bring all of the troops home and cu all payments to foreign governments would solve this problem overnight.
If we could give up the $1T+ empire we would be fine.
If you then default in the debt we would be in great shape. You could even pass a law to make those bond losses count as earned income over the next 10 years to minimize the harm to citizens. Plus nobody would lend us money and we would automatically balance the budget.
That's your call. In a free market it's like calling a bookie. "Hey Lou what are the odds on my satellite not making it to it's proper orbit? 10:1 Huh? All right put me down for a hundie mil."
It's pretty easy. You tie it to official numbers. So you take the reported U-3. That way even those that think "they" are going to manipulate it can take that into account.
Actually it will be gambling if it's limited to $500. It would be a futures market without the limits. I'll explain.
Let's imagine you own a coal power plant. If you think an Obama victory will cost you lots of money you could bet on an Obama win. That way if Romney wins you expect your business to do well. If Obama wins your business will decline but you make up for it with your winnings.
Sounds like marketing to me. Whenever I see a company focus on dissing a competitor, I immediately wonder why they're going negative campaigning.
Usually it's the upstarts that try to tear down the competition. The market leaders never mention the competition. You rarely see Honda, Toyota, Apple, etc mention the competition. Kia always says how much cheaper they are than Honda. Samsung always pokes fun at Apple for being overpriced.
Suppose you want to insure a $200M payload. Assume the insurance company can get a 10% profit. If the launcher is 80% reliable there is a 1 in 5 chance of paying out. So the even cost would be $40 million. Plus a 10% profit = $44 million. For a 90% reliable = $22 million For a 95% reliable = $11 million For a 97.5% reliable = $5.5 million
So a company needs to look at a few things. How much cheaper is the launcher and what losses in income will you have during the delay to build a new satellite. You may be able to insure for those loses as well.
Look at the Ariane 5 flights before 2002. First flight had to be terminated. Second flight didn't reach intended orbit. Then 7 successes. Then a failure to reach intended orbit. Then 3 successes. Then a flight needed to be terminated. Success since then.
So far in the first 4 flights Falcon 9 has performed better than Ariane 5's first 4 flights. No terminations, one failure to insert in intended orbit and one failure of secondary payload.
This reinforces Musk's point. You get better the more you fly. As long as they keep flying and learning it will get better quickly. Now right now if I had a Billion Dollar payload I'd pay for an Ariane 5, Delta IV, or Atlas V. But if I was planning a $200 million dollar total mission it would be impossible on anything but a Falcon 9.
I don't work in this field so I'd like to know if there is a technical reason that cell phone companies charge different for text, data, and voice? In other words is the data all treated the same on the network or is voice given bandwidth priority because it needs to be real time?
Think of it this way. In a normal situation the price of any good is as low as it is because businesses are cutting every inefficiency out of the supply chain. When that chain is disrupted the higher the price is allowed to rise the more profit and money can be spent restoring the supply chain. Money, labor, and resources get diverted from from less essential things.
Take gasoline. If it is normally transported by pipelines it is because it is more efficient than trucking. If the pipeline is disrupted and you want to bring in gas you will need to truck it. These trucks need to be diverted from what they are currently doing. This means you have to make it worth while for them to do this. The higher the price and profit the more trucks will make the decision to stop what they are currently working on and start moving fuel.
At the same time the pipeline owner will see these trucks moving the supply at the higher price and provides more incentive to spend what it takes to get back in operation.
I bought one for fun thinking it was a gimmick. Nope it works. What it does is each time you lift the pencil off the page it rotates the lead a tiny bit to prevent a chisel tip. This keeps the line width from changing. Very nice.
So your point is people need to help each other and work for the common good and if they don't you are willing to stick a gun in their ribs to make them.
This is used all of the time in pumps where you don't want a dynamic seal. You have permanent magnets spun by a motor and inside a sealed case the pump is coupled by a magnetic field.
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Here is where the beauty of a free market would work wonders. Let's assume you will be dragged into every crash case. It's relatively easy to make your car record all data about a crash. You can predict failure rates and you liability and factor it into the price of a car.
Now insurance companies will do the same thing. With a decent automated car your insurance may be drastically lower. As the consumer you have the benefit of not having to drive and limit your own personal liability. It's up to you as the purchaser to see what the total cost to you is.
Wow. What a great game.
I was in a hotel with an in room safe. My kid closed the door and managed to lock it so I called maintenance. The guy came up and hit the # key twice to enter supervisor mode then keyed in 6 9's. Here is a video I shot after he left. I'm pretty sure they don't have an override maintenance code for each room. You could try a few standard combos on your room to figure it out for the hotel. Or just get maintenance up to your room to show you it.
https://www.youtube.com/watch?v=UYjJuE7l7VM
Side effects? What was the side effect of US intervention in WWII joining Russia and China defeat Japan and Germany? Oh just a couple hundred million people killed by their own government.
for a yearly subscription.
How does military spending on making weapons in the US help US citizens? The contractors bid up prices on all materials and capital that could be put to use building things people want is instead going to build weapons to blow up things an kill people overseas. We would be much better off with all of those employed in the MIC working in other industries.
A huge percentage of our spending is in maintaining the empire. Bring all of the troops home and cu all payments to foreign governments would solve this problem overnight.
If we could give up the $1T+ empire we would be fine.
If you then default in the debt we would be in great shape. You could even pass a law to make those bond losses count as earned income over the next 10 years to minimize the harm to citizens. Plus nobody would lend us money and we would automatically balance the budget.
Or be the lawyers.
That's your call. In a free market it's like calling a bookie. "Hey Lou what are the odds on my satellite not making it to it's proper orbit? 10:1 Huh? All right put me down for a hundie mil."
It's pretty easy. You tie it to official numbers. So you take the reported U-3. That way even those that think "they" are going to manipulate it can take that into account.
Actually it will be gambling if it's limited to $500. It would be a futures market without the limits. I'll explain.
Let's imagine you own a coal power plant. If you think an Obama victory will cost you lots of money you could bet on an Obama win. That way if Romney wins you expect your business to do well. If Obama wins your business will decline but you make up for it with your winnings.
Sounds like marketing to me. Whenever I see a company focus on dissing a competitor, I immediately wonder why they're going negative campaigning.
Usually it's the upstarts that try to tear down the competition. The market leaders never mention the competition. You rarely see Honda, Toyota, Apple, etc mention the competition. Kia always says how much cheaper they are than Honda. Samsung always pokes fun at Apple for being overpriced.
Insurance can be simplified.
Suppose you want to insure a $200M payload. Assume the insurance company can get a 10% profit. If the launcher is 80% reliable there is a 1 in 5 chance of paying out. So the even cost would be $40 million. Plus a 10% profit = $44 million.
For a 90% reliable = $22 million
For a 95% reliable = $11 million
For a 97.5% reliable = $5.5 million
So a company needs to look at a few things. How much cheaper is the launcher and what losses in income will you have during the delay to build a new satellite. You may be able to insure for those loses as well.
Look at the Ariane 5 flights before 2002. First flight had to be terminated. Second flight didn't reach intended orbit. Then 7 successes. Then a failure to reach intended orbit. Then 3 successes. Then a flight needed to be terminated. Success since then.
So far in the first 4 flights Falcon 9 has performed better than Ariane 5's first 4 flights. No terminations, one failure to insert in intended orbit and one failure of secondary payload.
This reinforces Musk's point. You get better the more you fly. As long as they keep flying and learning it will get better quickly. Now right now if I had a Billion Dollar payload I'd pay for an Ariane 5, Delta IV, or Atlas V. But if I was planning a $200 million dollar total mission it would be impossible on anything but a Falcon 9.
Were texts originally sent over a pager network? Wasn't that different than cellular?
I don't work in this field so I'd like to know if there is a technical reason that cell phone companies charge different for text, data, and voice? In other words is the data all treated the same on the network or is voice given bandwidth priority because it needs to be real time?
I always thought it would be cool to run a congressman as a reality candidate where they were broadcast live 24/7 their entire term.
I don't know. Why does the government establish any cartels? Must be a failure of the free market.
Think of it this way. In a normal situation the price of any good is as low as it is because businesses are cutting every inefficiency out of the supply chain. When that chain is disrupted the higher the price is allowed to rise the more profit and money can be spent restoring the supply chain. Money, labor, and resources get diverted from from less essential things.
Take gasoline. If it is normally transported by pipelines it is because it is more efficient than trucking. If the pipeline is disrupted and you want to bring in gas you will need to truck it. These trucks need to be diverted from what they are currently doing. This means you have to make it worth while for them to do this. The higher the price and profit the more trucks will make the decision to stop what they are currently working on and start moving fuel.
At the same time the pipeline owner will see these trucks moving the supply at the higher price and provides more incentive to spend what it takes to get back in operation.
I bought one for fun thinking it was a gimmick. Nope it works. What it does is each time you lift the pencil off the page it rotates the lead a tiny bit to prevent a chisel tip. This keeps the line width from changing. Very nice.
So your point is people need to help each other and work for the common good and if they don't you are willing to stick a gun in their ribs to make them.
I think it's because houses are built so tight that an exhaust fan doesn't do much anymore. You could install an inlet nearby I guess to help.
This is used all of the time in pumps where you don't want a dynamic seal. You have permanent magnets spun by a motor and inside a sealed case the pump is coupled by a magnetic field.
http://www.proconpumps.com/brands/Magnetically-Coupled-Pump-(Sealless).html
I think it would be more useful for public charging places. Less potential for vandalism is its embedded in the road.
All animals are equal, but some are more equal than others.