Was a bad judgment." (http://www.npr.org/templates/story/story.php?storyId=48308288)From the oil industry and Exxon's corporate point of view they have a massive fleet, of massive ships, that have a fixed lifetime. Over the lifetime of those ships the chance of accident increases in a predictable probability distribution. Those ships must be insured to protect shareholders and stakeholders. Probability guarantees that these ships will have more and more accidents. Economics guarantees that insurance will become more and more costly. The lower the payout the greater the benefit to two significant financial pillars of the 'community' of capitalism - oil and insurance. Oil and insurance win not just Exxon and Lloyds (or whoever underwrites Exxon).SCOTUS has decided that there is a cap on punitive awards and adjusted the number accordingly. One Justice recused himself due to owning stock in Exxon Mobil. All the Justices, if they own stock, have stock that is affected by the cost of oil.. .. I invent my own," I lied."Amazing. So what's the word of the day?" he grinned, challenging me."Oh ... let's see," I said, thinking of something that would be readily explainable. "How about sustainability?" Okay. I have an idea what it might mean. But tell me how you would use it." When someone proposes a different or new idea or task, I ask myself if the method can be sustained. In other words, are there enough resources available to complete or continue a given project?" Give me an example," Dave asked, definitely interested."Well, we have an overtime parking bylaw in place. I've forgotten what the fine is, but somewhere back in time, the council passed a bylaw limiting the time you're allowed to park on the street. Now, to enforce the bylaw, you need resources. Generally it's people. You don't want to be assigning the police to handle it if you can help it. They already have plenty of more important things to do. So, how do you enforce the bylaw? How do you make it.
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