The Global Overview
Trial Lawyers Lobby Against Autonomous Vehicles
The plaintiff bar’s lobbying against self-driving cars is textbook rent-seeking: an industry reliant on auto-accident litigation obstructs technology that demonstrably saves lives. A Swiss Re—one of the world’s largest reinsurance companies—analysis of 25 million fully autonomous Waymo (Alphabet’s autonomous driving technology subsidiary) miles found the self-driving technology reduced bodily injury claims by 92% compared to human drivers. Trial lawyers are currently lobbying against the expansion of autonomous vehicles, a technology aimed at mitigating the roughly 37,000 to 40,000 fatal auto accidents in the US annually (Marginal Revolution). The barrier to scaling autonomous vehicles is no longer technological capability, but the political power of secondary industries whose business models rely on human error. Admittedly, algorithmic driving systems lack a human agent to hold legally accountable, creating a genuinely novel liability vacuum when edge-case fatalities inevitably occur.
Information Asymmetries
White House officials are investigating how deeply betting on political events is integrating into government staff operations. Concurrently, Truth Social—a social media platform majority-owned by Donald Trump—is considering charging Wall Street traders for millisecond-faster access to his market-moving posts (WSJ).
Gulf Infrastructure Strikes
Following seven consecutive nights of US military strikes on Iranian targets, Tehran retaliated by hitting a Kuwaiti water desalination plant and oil refinery (Politico). Our warning that tactical interventions would steadily escalate into direct regional infrastructure attacks has been confirmed by these strikes on Kuwaiti water facilities.
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