Why Google Needs to Build a Better Bumper

Why Google Needs to Build a Better Bumper

Google self-driving car
Google
By Jackie Leo

Google unleased its self-driving fleet in real traffic and let the cars cruise a total of a million miles with back-up drivers ready to hit the brakes or take the wheel.  The humans didn’t take control.

As it turned out, there were 11 minor accidents and no injuries, according to Google’s Chris Umson, who claimed that none of the fender benders was Google’s fault. He told the Associated Press that all the self-driving cars behaved well (not bad, considering the cars just got their learners’ permits). He also said most were hit from behind.

Not so fast, Google. Delphi, which automated the Audi SQ5, claims its car was broadsided by a Google car.  Hmmm. Lexus vs. Audi, Google vs. Delphi—sounds like bumper cars!

Related: Driverless Self-driving Truck of the Future Will Crash Into Labor Laws of the Past

Other companies have permits to test their driverless cars including Daimler/Mercedes, Honda, and Nissan with Volkswagen and a host of others on tap.

This is not going away—and in the case of Daimler, they’ve extended the technology to trucks.

For older people and the disabled, who need a little help driving and parking, an autonomous car could be the difference between independence and a shut-in life.

If, on the other hand, these cars decide to “think,” we could all be in trouble.

Attention Autobots!  Start Your Engines!

Stat of the Day: 0.2%

U.S. President Donald Trump at the White House in Washington, U.S. January 23, 2018.  REUTERS/Jonathan Ernst
Jonathan Ernst
By The Fiscal Times Staff

The New York Times’ Jim Tankersley tweets: “In order to raise enough revenue to start paying down the debt, Trump would need tariffs to be ~4% of GDP. They're currently 0.2%.”

Read Tankersley’s full breakdown of why tariffs won’t come close to eliminating the deficit or paying down the national debt here.

Number of the Day: 44%

iStockphoto
By The Fiscal Times Staff

The “short-term” health plans the Trump administration is promoting as low-cost alternatives to Obamacare aren’t bound by the Affordable Care Act’s requirement to spend a substantial majority of their premium revenues on medical care. UnitedHealth is the largest seller of short-term plans, according to Axios, which provided this interesting detail on just how profitable this type of insurance can be: “United’s short-term plans paid out 44% of their premium revenues last year for medical care. ACA plans have to pay out at least 80%.”

Number of the Day: 4,229

U.S. President Trump delivers remarks in Washington
JONATHAN ERNST/REUTERS
By The Fiscal Times Staff

The Washington Post’s Fact Checkers on Wednesday updated their database of false and misleading claims made by President Trump: “As of day 558, he’s made 4,229 Trumpian claims — an increase of 978 in just two months.”

The tally, which works out to an average of almost 7.6 false or misleading claims a day, includes 432 problematics statements on trade and 336 claims on taxes. “Eighty-eight times, he has made the false assertion that he passed the biggest tax cut in U.S. history,” the Post says.

Number of the Day: $3 Billion

iStockphoto
By The Fiscal Times Staff

A new analysis by the Department of Health and Human Services finds that Medicare’s prescription drug program could have saved almost $3 billion in 2016 if pharmacies dispensed generic drugs instead of their brand-name counterparts, Axios reports. “But the savings total is inflated a bit, which HHS admits, because it doesn’t include rebates that brand-name drug makers give to [pharmacy benefit managers] and health plans — and PBMs are known to play games with generic drugs to juice their profits.”

Chart of the Day: Public Spending on Job Programs

Martin Rangel, a worker at Bremen Castings, pours motel metal into forms on the foundry’s production line in Bremen
STAFF
By The Fiscal Times Staff

President Trump announced on Thursday the creation of a National Council for the American Worker, charged with developing “a national strategy for training and retraining workers for high-demand industries,” his daughter Ivanka wrote in The Wall Street Journal. A report from the president’s National Council on Economic Advisers earlier this week made it clear that the U.S. currently spends less public money on job programs than many other developed countries.