Tesla sued after ‘safest car ever built’ leaves professor brain damaged
Company founder Musk has described the Model 3 as the “safest car ever built”?and Tesla has previously claimed that the car has the “lowest probability of injury of any vehicle ever tested” by the National Highway Traffic Safety Administration (NHTSA).?There is considerable dispute over whether that is actually the case, however, as Musk was sent a cease and desist letter by the regulator last year over the "misleading”?statements.And as it turns out, the Model 3 is not immune to causing serious injury, with the vehicle's airbags failing to deploy on a Maryland highway last year, leaving a college professor with life-altering injuries.Also on rt.com3 injured as Tesla goes up in flamesexplodes on Moscow freeway (VIDEOS)In a … [READ MORE...]
The Dixie Chicks Drop the ‘Dixie’ and Become the Chicks
But the Dixie Chicks occupy an even greater level of fame. Once a darling of country radio, the group has crossed over to become a banner mainstream act and magazine cover subject, even today. The Dixie Chicks have sold at least 33 million albums in the United States, according to the Recording Industry Association of America, and won 13 Grammys, including album of the year for its 2006 release “Taking the Long Way.”That album was the Dixie Chicks’ defiant response to its abrupt ejection from the Nashville establishment, after Maines, the group’s lead singer, told a London audience in March 2003: “We do not want this war, this violence, and we’re ashamed that the president of the United States is from Texas.”The fallout from that statement was immediate and fierce, with fans protesting the … [READ MORE...]
Repurposing Lessons From the 2008 Recession
Like Levain Bakery, and its early e-commerce focus, Singapore-based Aqua Expeditions’ initial bet on technology helped steady operations during both the Great Recession and today. Rather than build costly reservations and management platforms when it launched in 2008, “we outsourced most of these technology needs to cloud-based services,” said Francesco Galli Zugaro, founder and chief executive of Aqua, which operates small-scale luxury cruises in Peru, Cambodia and Indonesia.Frequently Asked Questions and AdviceUpdated June 22, 2020Is it harder to exercise while wearing a mask?A commentary published this month on the website of the British Journal of Sports Medicine … [READ MORE...]
Latest News
Starting Bonus for a Laundry Worker: How a Beach Town Wrestles With Jobless Benefits
“The direction is clear,” Mr. Mulligan said in an email interview, “but more than the usual humility is required regarding magnitudes.”It is difficult to know how workers would react to an extension, in part because employees make decisions with the long run in mind. They know more generous benefits will not last forever, so they may try to secure jobs now. Many enjoy their jobs and want to return. For others, the unemployment insurance improves the appeal of staying home, but is just one of … [Read More...]
A Penny for Your Thoughts Could Be a Lot Harder to Find
“As it relates to coins, so many businesses shut down, a lot of coins got stuck in the system, so we are a little bit far behind on coins,” Mr. Mnuchin said at a virtual investment summit sponsored by Bloomberg. “But I know they are redoubling their efforts and that will work out fine.”The Fed began to ration its coin supply on June 15, giving banks a portion of their requested change supply depending on what they had historically requested, among other factors, a move that the central bank says … [Read More...]
Still Reeling From Oil Plunge, Texas Faces New Threat: Surge in Virus Cases
On Thursday, Governor Abbott issued an executive order suspending elective surgery in four populous counties to ensure that hospitals have the space to care for coronavirus patients. He also paused further business reopenings.William Presta, a barbershop owner in the Houston suburb of Bellaire, closed on March 22 and reopened on May 12. Business was going well until this week when demand suddenly dried up, he said, so he has decided to close the shop next week and take a vacation.“I’m just … [Read More...]
Fed Caps Dividends and Limits Buybacks by Big Banks
“The payouts will amount to a depletion of loss-absorbing capital,” she wrote in a statement. “This is inconsistent with the purpose of the stress tests, which is to be forward-looking by preserving resilience, not backward-looking by authorizing payouts based on net income from past quarters that had already been paid out.”Frequently Asked Questions and AdviceUpdated June 24, 2020What’s the … [Read More...]
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Small Business
Repurposing Lessons From the 2008 Recession
Like Levain Bakery, and its early e-commerce focus, Singapore-based Aqua Expeditions’ initial bet on technology helped steady operations during both the Great Recession and today. Rather than build costly reservations and management platforms when it launched in 2008, “we outsourced most of these technology needs to cloud-based services,” said Francesco Galli Zugaro, founder and chief executive of … [Read More...]
Square, Jack Dorsey’s Pay Service, Is Withholding Money Merchants Say They Need
Last month, when Square disclosed its financial results, it said it had swung to a $106 million loss for the quarter and reported that it was increasing the cash it had on hand by 290 percent to hedge against future losses.But many businesses whose money has been withheld said it was unfair for them to contribute to Square’s financial cushion when they had shown no signs of being an increased … [Read More...]
Your Money
Virus ‘Dramatically’ Narrows Teenagers’ Summer Job Prospects
“They give us a picture of them playing a sport, and we crop out what they want, or add stuff,” Mr. Stupka said. A basic edit is $8, and more detailed changes are $15; customers pay via Venmo or other money-transfer apps.Frequently Asked Questions and AdviceUpdated June 24, 2020What’s the best … [Read More...]
Used Cars From Shrinking Rental Fleets May Not Be the Steal You Expect
George Chamoun, chief executive of ACV Auctions, which conducts online used-car appraisals and auctions, attributed the rebound in vehicle values to more demand for used cars as people avoided public transportation and ride-hailing services out of concern about the virus. Used-car values in some states are nearly back to where they were before the pandemic, he said, and in some — like Florida — … [Read More...]