We started this year with the economy deteriorating and finished it with the second interest rate increase in ten years. There were a lot of ups and downs along the way, but ultimately 2016 was defined by three key story-lines: 1) Brexit 2) The Presidential Election 3) Fed Policy. The first two events were votes that shocked the world. The stock market’s reaction to each was arguably even more shocking.
In the same day it made its San Francisco debut, a video showed an Uber self-driving vehicle running a red light. Shortly thereafter, the California DMV sent a Uber a warning that it will face "legal action" if it does not immediately remove its self-driving cars from the road.
Apple has all but thrown in the towel on its self-driving car endeavors. Its project Titan, which was supposed to release a fully autonomous vehicle in the early years of the next decade, has been scaled back substantially and will from now on focus on developing just the self-driving software used in autonomous cars.
In a plan described as "audacious, even reckless," Uber CEO Travis Kalanick says autonomous cars are "going commercial" because they "can't just be about science." Well if Uber's cost structure demands that we risk our lives then sign us up!
Movement in the autonomous vehicle space accelerated once again. Four ex-Google engineers, including the man who built Google’s first self-driving car, announced “Otto”, an autonomous truck retrofitting business. The service isn’t vaporware. “Otto” is currently operating on Nevada highways.
The object of this exercise appears to be perpetual debt-servitude as well as placing almost everyone fully and finally under the complete control of the powers that be, who are no longer just the powers in government. The distinction between state power and corporate power is so blurry now as to be almost impossible to parse. The two are effectively the same thing, working hand in hand for their mutual benefit
Outspoken UKIP leader Nigel Farage, who has received numerous death threats during his tenure as a European parliamentarian, spoke for the first time last night about being the victim of an assassination attempt after his car was sabotaged, causing a terrifying motorway crash. As The Daily Mail reports, Farage careered off a French road after a wheel on his Volvo came loose while he was driving from Brussels back to his home in Kent. When the police arrived at the scene, they told him that the nuts on all of the wheels had been deliberately unscrewed...