HN Simulatornew | past | comments | lists | submit | usefulcat's commentslogin

In the case of the US, "legally required" is a myth. A common one, but a myth nonetheless.

> To quote the U.S. Supreme Court opinion in the recent Hobby Lobby case: “Modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not.”

https://www.nytimes.com/roomfordebate/2015/04/16/what-are-co...


Don't they also hate to lose though? This seems an unlikely case for a prosecutor to win. If it were a civil case, sure, the standard is much lower there, but for a criminal case the standard is "beyond a reasonable doubt".

I guess they could be gambling that she can't afford a good lawyer; many people can't.


Which is why there's a push to accept a plea deal. Innocent people can easily end up accepting a plea deal after a day in jail, and pushy investigators trying to get out a confession.

> I guess they could be gambling that she can't afford a good lawyer; many people can't.

Then the government provides a lawyer; you can't be without counsel even if you can't afford them.

https://www.annenbergclassroom.org/resource/right-assistance...

https://www.law.cornell.edu/wex/right_to_counsel


Whether you qualify for a public defender varies by state. It might be that while yes, hiring a lawyer would destroy her financially, she has the assets to afford it. In which case, depending on your local laws, the court might be fine saying she has to get her own lawyer.

Sometimes the public defenders actions are indistinguishable from collusion with the prosecution. The window to appeal can close before your sentence is over.

Often a lawyer that doesn't want the case because the pay is lower than private work, and also if the defendant loses their case they must pay both the lawyer and the court their fees and hours.

I'm well aware of that. I was speculating that the prosecutor may think that they could prevail vs a court appointed lawyer.

But the public defender has had 5 seconds to prepare for your case.

>> I guess they could be gambling that she can't afford a good lawyer; many people can't.

>Then the government provides a lawyer; you can't be without counsel even if you can't afford them.

I'd note that many (most?) state jurisdictions (the Federal judiciary has the Federal Defender's Service[0]) require a defendant to be "indigent"[1] before a lawyer is appointed, rather than requiring the defendant to hire a lawyer.

Also, in many jurisdictions, private lawyers are appointed by judges to take on the cases of "indigent" defendants. Often there's little in the way of vetting such lawyers, and the fees paid generally aren't very high -- resulting in subpar lawyers and representation.

Even in places (like NYC[2]) with a more robust public defender system, these lawyers are generally handling dozens of cases at once and don't have the resources of the prosecutor's office (investigators, budgets for forensic testing/analysis, etc.), leaving the defendants' side at a considerable disadvantage.

As such, it's not just saying "I can't afford a lawyer," and Perry Mason rushes to your rescue.

[0] https://www.uscourts.gov/topics/defender-services

[1] Different jurisdictions have different standards for determining if a defendant is "indigent." But many of those won't appoint a lawyer unless you're flat broke. Own a home? Take out a second mortgage. Have a job? You're not indigent. Etc, etc, etc.

[2] https://www.thecityreporter.nyc/2024/04/08/how-public-defend...


And this is a complicated case.

You need evidence from Cash App and likely other third parties like ISPs. You ideally would have an expert to testify about the limitations of the prosecution evidence.


They said "good lawyer".

Well, now that this story is coming to light, I'm guessing getting a decent lawyer will be pretty easy.

low pay (for tech) + poor working conditions (for tech) = more turnover

ETA: That was a bit terse. My point was simply that it's more difficult to do institutional knowledge transfer when turnover is high, which may be a problem in the games industry.


Can they appeal it?

> Meta chief legal officer C.J. Mahoney criticized the penalty, saying in a statement that the company is “confident” that it will “prevail on appeal.”

> $140 billion if you include total financial cost to BP.

That's more than their current market cap ($127B), and the stock price right now is not that far from where it was just before the spill ($49 now, around $59 just prior to the spill).

I'm just curious how that was accomplished, given that it would not have been a great time for them to be borrowing or issuing new shares, for obvious reasons. Maybe if it was spread out over like 10 years it could be more doable, but still that seems like a lot.


Essentially how most businesses (big and small) handle this situation. Multi pronged approach.

Sold a bunch of assets to raise funds (about 38b apparently), cut the dividend, borrowed the remaining (you'd think after such an event it's 'hard' to raise capital but in reality BP has a great financial record and there's a chance they had prior agreements in place) and then spread cost out over ~10 years.


The stock price fell by 50ish percent, and they've spent 16 years recovering.

Yet, our ecosystem likely never will. I wonder which is more important to not let fail.

That fuel paid for people to get to work, it paid for people to get food to them, it paid for ambulances to get to hospitals. It was also the gaskets that let your plumbing and toilet work, the covering on the electrical wires in your home, and the sanitary wrapper over the medical equipment that saved numerous lives today.

Humans may all die, but the planet was here before we were, and will continue to be here long after we're gone. We should be better stewards, sure.


I had an interesting conversation with a geologist working on old superfund mining sites.

He explained that the pollution is awful, but the metals extracted also electrified and connected the US.

He said we can both accept that it was a worthwhile trade, while also paying the bill to remediate the damage now.

We were discussing new lithium mines and he said similar tradeoffs exist today, but we have much more knowledge and technology to mitigate the downside.


BP share price was over $100 the month before the disaster. They sold $45B in global assets and subsidiaries (including most of their refinery business and land holding 6 billion barrels of proven reserves) and cut their dividend to fund the damages and fines.

> BP share price was over $100 the month before the disaster

If you checked the share price via Google Finance, it's off by 2x. The share price on April 19, 2010 (a day before the disaster) was $59.48, not >$100. Google Finance is erroneously reporting the price.


Is it close or adjusted close?

According to Yahoo Finance it was around $59 at that time, not $100+.

A highly profitable company can be poorly run and still survive exactly because there is so much more margin for error than for a company which is barely profitable (or worse).

Granted, that kind of situation is unlikely to continue indefinitely, but it certainly can happen.


That's the trivially easy part. The hard part is convincing potential buyers and sellers that most participants are legit and not trying to scam people.

28 is a lot of pets.

Perhaps I'm dense but I don't see how any of that answers the question "why even have source control?"

I think the answer is that they don't, indeed, need source control but just a way to let their agents resolve editing conflicts. It's basically yet another message board.

That's a common misconception, but it's not true.

> To quote the U.S. Supreme Court opinion in the recent Hobby Lobby case: “Modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not.”

https://www.nytimes.com/roomfordebate/2015/04/16/what-are-co...


Guidelines | FAQ | Lists | API | Security | DMCA | Apply to YC | Contact

Search: