Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Today's Paper Advertisement Supported by Common Sense ByJames B. Stewart Aug. 15, 2018 There’s no question that Elon Musk is one of the great entrepreneurs of this era. He may even be in “a class of one,” as he recently described Tesla, the revolutionary electric car company he founded. But Mr. Musk’s tweet last week — expressing his intent to take Tesla private and declaring that he had “funding secured” for the multibillion-dollar transaction — was so impulsive, potentially inaccurate, poorly worded and thought out, and with such potentially dire consequences for himself, Tesla and its shareholders, that the board now must ask a sensitive but vital question: What was Mr. Musk’s state of mind when he wrote it? “What does this say about the judgment of the person who set all … [Read more...] about A Question for Tesla’s Board: What Was Elon Musk’s Mental State?
New york state public service commission
The scene outside of New York City Hall in late May was several years in the making. Dozens of taxi and livery drivers from across the city had joined together outside the ornate structure to call for immediate action to a growing crisis. A fifth driver in the city had committed suicide in recent days, a devastating byproduct of what friends and family attributed to an overwhelming debt load that he couldn’t handle once ride-hailing services like Uber and Lyft arrived in New York. More and more drivers started competing for fares, struggling to net a livable wage. It’s a trend that has only accelerated over time, a trend that the city had a chance to prevent. At least it did, once. When Uber launched in New York in 2011, the company described its vision as a win-win for everyone. “Uber brings the convenience of a yellow cab, the quality of a luxury limo, and adds an Uber cherry on top—on-demand mobile requests,” the company said. The rosy pitch … [Read more...] about How New York Became the Center of the Fight Against Uber and the Gig Economy Lie
Barbara Ortutay Associated Press Published 11:23 p.m. UTC Jun 7, 2018 New York – Facebook said Thursday that a software bug made some private posts public for as many as 14 million users over several days in May. The problem, which Facebook said it has fixed, is the latest privacy scandal for the world’s largest social media company. It said the bug automatically suggested that users make new posts public, even if they had previously restricted posts to “friends only” or another private setting. If users did not notice the new default suggestion, they unwittingly sent their post to a broader audience than they had intended. Erin Egan, Facebook’s chief privacy officer, said the bug did not affect past posts. Facebook is notifying users who were affected and posted publicly during the time the bug was active, advising them to review their posts. The news follows recent furor over Facebook’s sharing of user data with device makers, … [Read more...] about Facebook bug made some private posts public
Two plans for wind projects off Maryland's coast are headed to the state Public Service Commission for consideration.The commission said it had opened its formal review of proposals from US Wind Inc., a subsidiary of Italian energy and construction giant Toto Holdings SpA, and Skipjack Offshore Wind LLC, a subsidiary of Deepwater Wind Holdings LLC.Approval from the commission is necessary for either project to secure offshore renewable energy credits, one of several financial incentives established under Maryland's Offshore Wind Energy Act of 2013 to encourage wind power projects. The credits, a subsidy of up to $1.9 billion, would be paid by consumers, adding up to $1.50 a month to the average residential customer's electric bill.To secure the credits, applicants must show that the economic, environmental and public health benefits of their projects outweigh the subsidy. The commission is working with independent consultant Levitan and Associates Inc. to evaluate the proposals.US … [Read more...] about Two offshore wind projects to be considered by Maryland regulators
Formula One has partnered with satellite radio broadcaster Sirius XM to open an office in New York as part of a drive to expand its presence in the United States. Currently, only one of F1’s 21 races is held in the country — the U.S. Grand Prix which takes place in October in Austin, Texas. However, the Miami City Commission will vote Thursday on whether to give the green light to a Grand Prix on the streets of the coastal city which could be held as soon as 2019. F1’s new office could help get the race to the finish line and boost the exposure of the sport in the U.S. It was rumored last year that F1 would open a satellite office in the U.S. and this has now been revealed in documents from Sirius XM which is 70 percent owned by Liberty. They state that “in January 2018, we entered into an agreement with Liberty Media to license approximately 800 square feet of space and provide office services in one of our New York offices for use by Formula One, a subsidiary … [Read more...] about Formula 1 opens office in New York as possible show of expanded commitment to US market
Penny Williams, a former state lawmaker from Tulsa best known as a champion for public education and equal rights for women, died Monday, her family said.She was 80.A memorial service will be held April 28 at Trinity Episcopal Church with a time to be announced.Per her wishes, Williams' body is being donated to the University of Oklahoma medical school.A Democrat, Williams' legislative career spanned 23 years and included eventful stints in both the state House (1981 to 1988) and Senate (1989 to 2004).It was as a senator, during which time she chaired the Senate's Education Committee, that Williams co-authored House Bill 1017, a landmark 1990 education funding and reform package that has been in the news again of late.In a recent Tulsa World editorial in advance of a statewide teacher walkout, Williams talked about how provisions of HB 1017 had been watered down or outright abolished, harming education in Oklahoma.Wrote Williams, "We have stopped believing in our students and teachers. … [Read more...] about Former state lawmaker Penny Williams, advocate for education and women, dies at 80
Step into a cab in many major cities, including Baltimore, and you'll wind up sitting behind a clear, bullet-resistant shield that separates you from the driver.But one taxicab company operating in Baltimore wants to replace the state-mandated protective guard with security cameras. Baltimore Taxi Affiliation Services, which operates 100 cabs under the Arrow Cab and Baltimore City Taxi brands, recently asked the Maryland Public Service Commission to consider amending state regulations to allow for either a shield or a camera in Baltimore cabs.The PSC, which oversees taxicabs in Baltimore City and Baltimore County, is soliciting comments to determine whether to pursue the company's proposal. The regulator is scheduled to consider the matter in April.About 1,150 taxicabs are licensed to operate in Baltimore City, where shields became mandatory in 1995. The partition is not required in Baltimore County cabs.Meanwhile, the idea of replacing partitions with security cameras appears not to … [Read more...] about What’s best in Baltimore taxis: shields or security cameras?
Not since Alexander Graham Bell twisted pairs of wires together in the 1870s has the simple telephone technology that has served Americans for generations — the landline — faced such a threat to its existence.It's not just that droves of customers are dropping their home phones for cellphones, or switching to newer, fiber-based services such as Verizon's FiOS network. Major telecom companies have made no secret of their desire to abandon the traditional, copper wire-based phone service.AT&T wants to complete the switch within five years. Verizon, the dominant landline provider in Maryland, hasn't set a date.But there are many in Maryland and across the country who are fighting the change. They want to maintain the traditional, copper-based landlines for the advantages they offer. In a power outage, for example, landlines allow a telephone to draw electricity from the network and keep working; Voice over Internet Protocol and fiber-based phones rely on batteries.Some … [Read more...] about Your old landline could get an early retirement
Just over 10,000 Chevy Volts, Nissan Leafs, Teslas and other electric vehicles quietly plied Maryland’s roads last year, but the state wants to expand that number to 300,000 by 2025.To help the state achieve that ambitious goal and support the growing popularity of these plug-in electric vehicles, utility companies are proposing to spend $104 million to support a statewide network of charging stations.The program, supported by environmental groups and other stakeholders, would help build out a network of 24,000 residential, workplace and public charging stations, constituting the nation’s largest except for California’s. Utility customers would be asked to pay 25 cents to 42 cents more a month to support the program, currently a proposal pending before the state’s Public Service Commission.“We see this as an extension of the service we offer,” said John Murach, Baltimore Gas & Electric Co.’s manager of energy efficiency programs. “We … [Read more...] about Maryland’s utilities propose spending $104 million on statewide electric-vehicle charging network
On June 19, 2015, Bronx resident Carlos Guerrero-Roa went to an auto dealer in Brooklyn to purchase a 2005 Lexus RX that was being advertised online for $6,900. Guerrero-Roa left with the car that day, only after it was financed with a loan that, according to a lawsuit he later filed, carried an interest rate “well over” 25 percent—a threshold that New York state law deems a felony. But thanks to a loophole in the statute, Guerrero-Roa and countless others in New York end up with auto loans that have high, and possibly illegal, interest rates. When Guerrero-Roa arrived at the dealer that day, his goal was to buy the Lexus with cash at the advertised price. But the dealer, CarsBuck, claimed that wasn’t possible due to his low credit score—something that should never have been a factor on a cash purchase, the suit said. An employee told him the car could only be acquired “by way of a one-year financing plan,” according to the complaint. In need … [Read more...] about The Devastating Loophole That Sticks Car Buyers With Interest Rates That Would Be Otherwise Illegal