Updated 5:44 am PST, Friday, December 28, 2018 Elon Musk, co-founder and chief executive officer of Tesla Inc., speaks during an unveiling event for the Boring Company Hawthorne test tunnel in Hawthorne, Calif., on Tuesday, Dec. 18, 2018. Musk has unveiled his underground transportation tunnel, allowing invited guests to take some of the first rides ever on the tech entrepreneur's solution to "soul-destroying traffic." The tunnel, meant to be a "proof of concept," runs just over a mile under Musk's SpaceX headquarters in Hawthorne. (Robyn Beck/Pool Photo via AP) less Elon Musk, co-founder and chief executive officer of Tesla Inc., speaks during an unveiling event for the Boring Company Hawthorne test tunnel in Hawthorne, Calif., on Tuesday, Dec. 18, 2018. Musk has unveiled ... more Photo: Robyn Beck, AP … [Read more...] about Tesla adds Oracle’s Larry Ellison and Kathleen Wilson-Thompson to board as part of settlement with US regulators
Be Proactive in Understanding, Addressing Regulations December 27, 2018 Regulation often gets a bad name, especially in business circles. So it’s useful to remember that regulation can be a very good thing. It safeguards our money. It works to make our food and water supplies safer. It protects us while on the road, in the sky, and at work. And it can serve to make our data and networks safer from those who would use our information and connectivity to annoy or threaten us. You know that FDIC acronym on your banking materials? It’s pretty important. As you are probably aware, the Federal Deposit Insurance Corp. was created by the 1933 Banking Act. U.S. politicians enacted the FDIC during the Great Depression to keep our savings secure and restore trust in the American banking system. The Clean Air Act and The Clean Water Act have gone a long way toward ensuring businesses operate in a way that keeps our world suitable for human (and plant and animal) life. And when … [Read more...] about Be Proactive in Understanding, Addressing Regulations
It’s not clear yet whether the AV START Act will pass the U.S. Senate and become a law. What is clear is the first effort at creating a national safety standard for connected and automated vehicles (CAVs) wasn’t the most effective tactic. The bill requires the National Highway Traffic Safety Administration (NHTSA) to pre-empt regulations and progress achieved by the states wasn’t the most effective tactic. But pre-empting work done in the states to get a handle on autonomous-vehicle trials has raised some complaints. And offering CAV developers permission to leave important safety gear off the vehicles they put on the road – as a way to cut costs and red tape and therefore make development faster – is generating a lot more complaints. In fact, more than 100 organizations have raised concerns, ranging from associations of mayors and governors to coalitions of clubs for bicyclists, hikers and others worried about being run over and left behind. Add to that … [Read more...] about Who Will Regulate Autonomous Vehicles Best?
David Eggert, Associated Press Updated 2:25 pm PST, Wednesday, December 26, 2018 FILE - In this Jan. 10, 2018, file photo, Defendant Stephen Busch, right, listens at Flint District Court in Flint, Mich. Michael Prysby and Busch, two Michigan environmental regulators implicated in the Flint water scandal, have pleaded no contest to misdemeanors in exchange for more serious charges being dropped. (Jake May/The Flint Journal via AP, File)/ less FILE - In this Jan. 10, 2018, file photo, Defendant Stephen Busch, right, listens at Flint District Court in Flint, Mich. Michael Prysby and Busch, two Michigan environmental regulators implicated in the Flint ... more Photo: Jake May, AP Photo: Jake May, AP Image 1 of / 3 Caption Close Image 1 of 3 FILE - In this Jan. 10, 2018, file photo, … [Read more...] about 2 Michigan regulators take plea deals in Flint water case
source Shutterstock Earlier in December, Trump signed the US Farm Bill into law. It legalizes hemp, a plant that’s roughly identical to marijuana and is a key source of the highly-touted wellness ingredient CBD. Hours after the law was passed, regulators released a statement emphasizing their power to police CBD retailers, which already make up a roughly $1 billion industry. Analysts call the move a “warning shot” to the thousands of cafes and stores selling CBD drinks, snacks, and supplements. A plant that’s nearly identical to marijuana became legal to grow in the US earlier this month. As a result of the US Farm Bill, which President Trump signed into law at the end of December, American farmers will be able to plant and harvest hemp, a strain of the same plant species from which marijuana originates. The passage of the law doesn’t necessarily mean you can buy or use hemp products – which include those … [Read more...] about On the heels of hemp legalization, regulators have fired a ‘warning shot’ to the $1 billion CBD industry