While rural agencies have begun exploring new ways to further increase the flexibility and responsiveness of their Dial-a-Ride services — including offering fully on-demand service — many of them have rightly been cautious about getting onboard with a tech-powered transit option, or on-demand microtransit. Will riders who prefer to pre-book be excluded? How about riders without smartphones? Can tech-enabled services operate in areas of low data or cellular connectivity? Will upgrading technology break the bank? Below are the top five...

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This article was original published on Elvinger's website and a link to access it may be found here | What happened? The Law of 17 December 2021 on electronic communications networks and services   ("Law") was published on 22 December 2021 and came into force on 26 December 2021. It repeals the former regime set out by the Law of 27 February 2011 on electronic communications networks and services. What is the main takeaway? The new legislative regime transposes into Luxembourg law the European Electronic Communications...

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An alphabet soup of U.S. government agencies has taken steps toward regulating artificial intelligence (AI). Last year, Congress passed the National Artificial Intelligence Initiative Act, which creates numerous new initiatives, committees, and workflows on AI, with the goal of preparing the federal workforce, conducting and funding research, and identifying and mitigating against risks. In November 2021, the White House announced efforts to create a bill of rights for an automated society. And members of Congress are introducing bills like...

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On February 9, the Securities and Exchange Commission (SEC) proposed numerous new rules and amendments to existing rules and Form ADV under the Investment Advisers Act of 1940, as amended (Advisers Act). The proposed changes significantly impact private funds, as well as compliance, cybersecurity risk management, and books and records requirements for all registrants. The SEC issued the proposals under three distinct releases: (1) private fund advisers; documentation of registered investment adviser compliance reviews; (2) cybersecurity risk management for...

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The financing to purchase a residential property can be either a traditional loan from an institutional lender, a purchase money mortgage from the seller of the property financed, or a hard money loan from a private lender. Institutional Lender This is the most common form of financing obtained in connection with a residential purchase. The loan application is based on the economic conditions of the borrower. Once this is approved, the institutional lender issues a “commitment letter”, which summarizes the terms...

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America has not seen double digit inflation since 1980. While we are still far from double digits, the 7% inflation rate in 2021 was twice what it has been over the last 30 years. Economists don’t agree on whether this inflationary trend will continue into 2022 and beyond, but most feel that it will at least be higher than in recent history. LIFO Inventory Valuation Method LIFO, (Last In First Out) is a method of accounting used to value inventory. If...

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The job market has shifted tremendously in 2020. Frequently, hiring managers and decision-makers ask our team, "With unemployment being so high, where are all the candidates?" or "Why should I hire a recruiter when unemployment is so high? Can't I just post the job and have my pick of candidates?" Let’s take a look at these questions. The first thing we suggest is to look at the industry you are in. We are in unprecedented times and facing statistics and...

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