" ... results show that, between 1980 and 2019, the pass-through from prices to wages was substantial. At the same time, nominal wage increases only had a modest effect on prices. Other factors—such as imported inflation, inflation expectations and economic slack—clearly dominate wages in explaining price movements ..."
Reminded of the discussion of survivorship bias in "Fooled By Randomness" (Taleb).
Something like a pool of 5000 investment managers each less likely to make a good decision than would a coin toss, would still produce a small population of "masters of the universe" after 5 years.
I just came here to make the banal remark that RDF/OWL/Sparql etc are great to work with in certain problem spaces and not great in others.
My experience working in Semantic Web was much on the same as my experience with Lisp/Scheme. Great fun, hugely educational, glad I know about it, and its great to spot the related concepts/borrowings when they turn up elsewhere.
I would like a system where the airline had to declare the type of aircraft used on the flight at the time of booking. If at the time of departure the aircraft model actually use for the flight is different then the passenger must on request be repaid the entire value of the ticket.
This means that there is no (financial) pressure on the passenger to fly on an aircraft they do not trust.
Currently the live-or-die risk devolves to the passenger and they have no direct say in the choice of aircraft: after ticket purchase they are left with a take-it-or-leave-it proposition.
This system might force airlines to think much much harder when making their aircraft purchasing decisions.
Just because the aircraft is certified will no longer amount to adequate commercial due diligence.
An airline which wants to protect its revenue will now need to deep-dive into the manufacturers quality procedures themselves.
Otherwise their customers can vote with their feet, at no financial cost, any time prior to departure.
You can already vote as a customer as to which fleet you want to fly on. It may not be practical but it is possible.
For example, jetBlue only flies Airbus and Embraer. Spirit and Frontier exclusively fly Airbus. Lufthansa's commercial fleet is mostly Airbus and the Boeing aircraft it does operate have good track records.
If you're flying commercial, I don't think laws are going to get made for you against the interests of airlines and aircraft manufacturers. And before you think market pressures will work, they know you'll keep flying.
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