We just interviewed this nun and she DID NOT DISAPPOINT
Harvard Study Confirms: #ExxonKnew and Misled Public About #Climate Threat for Decades
Barcelona to conduct full security review
Trumps Israel ambassador: His Charlottesville response wasnt fine
Court takes next step in Menendez corruption trial
Too cynical, or spot on?
Europe is in the driving seat of global bond markets as its mfg PMI races ahead: $TLT $IEF
Real Estate Delinquencies: Residential, Commercial, Farmland
Trump assails the media in angry defense of Charlottesville response
US Travel Alert Threatens Mexican Tourism Industry, Includes Cancun
This is What Kilimani Mums Think of Rapper Collos Tall Wife: #Kenya
Macron says #EU labor rules betray principles
This is as formal as it gets when Chinas Ministry of State Security seizes a foreign journalists computer.
#ChartBrief no.136 - A flash signal for bonds $MACRO $BONDS
The Fed and Wage Growth in one picture. #fed #yellen @JessesCafe @KatiePavlich @Heritage
Major leap towards molecular level data storage with 100 times todays storage density
One of bitcoin’s big winners is raising $100 million for a crypto fund
Rabbis cancel annual call with president over Trumps Charlottesville comments
Is free speech absolutism a good thing?
Cuba incidents caused brain injury, nerve damage to diplomats: CBS News
Well at least this Robert Lee thing as is far as this stupidity can possibly... Im done.
Chart of the Day: New Homes Sales Falter—-At Levels Still Below Those First Hit In 1963!
JUST IN: Trump calls for unity one day after divisive rally in Phoenix
#ThisWeek MacShane: ‘We can leave the EU but not the single market’
The NS Leader: History is not written in stone
Israel wants Russia and the U.S. to know it can wreck a Syria deal
Edmunds: Good deals for car shoppers on Labor Day weekend
How the far-right’s big moment in #Vancouver turned into a fiasco
No Arson in Knysna Fires, Afriforum Report Finds: #SouthAfrica
South Korea holds drills to prepare for potential attack by neighbouring North Korea
Market Backslides on Trump Talk
New Home Sales: July a bit dippy
Ghana, South Africa Combine Efforts in Radio Telescope Project #Ghana #SouthAfrica
Global warming is threatening Alaskas prized wedding flower, @hannahh writes.
Right of reply: Bell Pottinger threatens BizNews over Hitler video story
GOP on the brink of open warfare with itself
McCain bashes Trump for not having a plan for cybersecurity
Unlocking Deep Energy Efficiency in Buildings
Could Schulz win? German poll offers Merkel challenger hope
This German magazine isnt holding anything back
USA for UNHCR’s The Hive | Talks at Google
Snaps lead IPO underwriter lowers its price target — again $SNAP
30% of tourism businesses in Africa are run by women. New #UNCTADAfrica Report: @UNCTAD
SP 600 vs SP 500
Evicted Farmers Launch Legal Action Against Zimbabwe #Zimbabwe
Loser! In 2020 @realDonaldTrump vs. @SenSanders Match-Up, Bernie Beats Donald Bigly
Cubans Who Took Refuge on Florida Lighthouse to Find New Home in Australia
Brazils Lula says party may field someone else in 2018
NEW POLL: Ex-judge holds 18-point lead over Trump-backed candidate in Alabama Senate runoff
NEW PODCAST: Democracy Nows Amy Goodman on Trumps intensifying war on the free press
This s--- is hard.
Carson may have broken federal law at Trump rally:
#Серебренников
RT @LPtravelnews: Learn more about how to travel the world sustainably
Trump’s aides urge him to keep DREAMers as he deports their parents
good afternoon
Even NBC News Noted DNC’s ‘Struggles to Cash in on Anti-Trump Fervor’
Its been almost 10 years since #Zinc has looked this interesting.
BAE says unfazed by Franco-German fighter project, sees future role #Brexit50
Business Insider: Banking thrives on innovation
See NASAs gallery of breathtaking photos from the Great American Eclipse.
South Africas Former Uganda Ambassador Guilty of Hate Speech #SouthAfrica #Uganda
Terror attacks in Catalonia, Spain put spotlight on Morocco:
Dozens missing as boat sinks in Brazils Xingu River
Inspirational vandalism, theme parks, and the man who swam to Hong Kong — #photography —
Turkey accuses German Foreign Minister Sigmar Gabriel of copying racism and the far-right
ISIS video shows American boy warning Trump: The battle will end in your lands
Herbalife has a plan that could squeeze hedge fund billionaire Bill Ackman
Trump’s billionaire donors miss out on post-election stock gains
What to Make of This Rare Fear Gauge Jump: #stocks #stockmarket #elliottwave
Claims of Reform in China’s Organ Transplant System Not to be Trusted, Expert Says
The coincidental geometry of a total solar eclipse
Honestly, its the Get Inspired sticker that really does it for me.
Seventy-Two Years Later, Japan Remembers the End of a Devastating War
Mexico-US Salary Gap: Workers Earn Nine Times Less South of Border
Charlottesville white nationalist leader predicts more violence
Catholic nun rebukes Paul Ryan for giving an appalling answer to her question on health care
Back up, you creep... and 10 less obvious things you should never say at work:
Not sure whether to read my latest article? Heres what people are saying about it
Crown Heights tells true story of two mens fight for justice
Report: Incidents at embassy left diplomats in Cuba with brain injury and nerve damage
Nature, red in tooth and claw. @RichardDawkins on @bigthinkagain w/@jgots
Comey to lead a lecture series at historically black college:
Trump plans to meet scandal-hit Malaysian leader in September
WATCH: Fox News forced to end live segment after man holds up Fox Lies sign
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House Speaker Ryan says U.S. government shutdown unnecessary
New-home sales skid to 7-month low in July
A few Comments on July New Home Sales
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$BABA
20 things you didnt know about your back:
Mexico and Canada dismiss Trumps threats to scrap NAFTA trade pact. More here:
Trump thinks clean coal is when workers mine coal and then actually ‘clean it’
Sheriff Joe Apraio: Ill stand with Trump pardon or no pardon
Chart: The euro hit an 8-year high against the British pound -
Save the day with this tiny titanium keychain bottle opener
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German magazine cover shows Trump doing Nazi salute, which is illegal in Germany
Whole Foods shareholders approve sale to Amazon:
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Im sorry, I dont know how to process this information.
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$150 billion, again...
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Im a math teacher...
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@amnesty @Twitter And a little shoutout to the hashtag I find most moving of all: #RefugeesWelcome
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WATCH: Charlottesville covers Robert E. Lee statue that was the focus of deadly rally
Serebrennikovs arrest is another step in the erosion of Russias cultural freedom
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If he went beyond 1.30min he might actually have to address his own administration.
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2:00PM Water Cooler 8/23/2017
Rage Against the Machine (1999)
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Retailers aren’t hurting because people are buying ‘experiences’ instead of stuff
Clinton calls Trump a creep in her new book
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Electric planes have viable niche applications now
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Trumps shutdown threat barely registers in the Treasury bill market
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Living a full life is impossible in communism.
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Nigeria Ranks 3rd in Global Internet Crimes Report #Nigeria
French anger at CAP co-financing proposal #Brexit50
Anti-Fracking Activists Celebrate Ruling Against Major Pipeline New York likes #cleanwater
Scarborough: Trump’s rally speech was a “disaster” for the country
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Progress for Women’s Legal Protections in Jordan and Lebanon
Russian anti-abortion group fights and prays for ban
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More Active Managers Are Beating Passive Funds
Puerto Rico consolidated revenues, spending debt service for FY15-18 #muniland
From the comments
There are 11,518 Robert Lees in America, @julieebeck reports
The difference between a Nazi and a communist:
GOP on the brink of open warfare with itself
BLOG: The Demise of the #Uber #Leasing Program #automatedvehicles #AVs
Good summary of Trumps speech on Afghanistan last night


Mike Shedlock

Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. He operates the blog MISH'S Global Economic Trend Analysis and believes in the Austrian School of economics.


Portland Says Yes to Testing Driverless Cars, Other Cities Will Follow: Mass Adoption When?

4 months ago




Finding driverless-friendly cities that allow car makers to test their technology has been one of the challenges facing the driverless industry.

Today, Portland stepped up to the plate. “The technology is coming,” says Mayor Ted Wheeler. “Either the technology will happen to us, or we are going to shape the playing field.”

Bloomberg reports Portland Opens Its Streets to Self-Driving Cars.

Autonomous vehicles need to drive and drive and drive, vacuuming up hours of real-life encounters on the road to make their algorithms smarter and safer.

But there’s one thing in relatively short supply: cities willing to have test cars on their streets. Portland, Oregon, is trying to change that and be what it says would be the first to issue permits for driverless vehicles, with the goal of getting them on its roads this year.

“The technology is coming,” says Mayor Ted Wheeler. “Either the technology will happen to us, or we are going to shape the playing field.”

The city will solicit proposals from companies working on driverless cars to gauge how they can help Portland reach its goals of reducing carbon emissions and providing equitable service. The city would also consider providing financial support for businesses to test autonomous transit vehicles, such as shuttles or buses, that could potentially connect passengers to its existing transit infrastructure. Wheeler says two years of pilot testing would inform final rules: “If we wait five years, my concern is we are not going to have a say in the matter at all.”

General Motors, Lyft Inc., and Daimler AG were among those that wanted to partner with Portland on autonomous transportation as part of Portland’s submission for the U.S. Department of Transportation Smart City Challenge last year.

If the city’s plan works out, driverless cars can learn more about maneuvering in the rain while dodging Portland’s many modes of transit, from light rail trains and buses, to pedestrians and unicycles.

Most Disruptive Force Since the Internet

Some of my readers think I am obsessed with this topic, and most of those who do, still have their heads buried in the sand believing driverless technology is decades away from happening.

By now it should be crystal clear the nay-sayers are all wet. Driverless is going to happen, in a major way, by 2022 at the latest.

I write about the topic because driverless technology is the most disruptive force since the internet. It will bring about major changes in the car ownership, the way people commute, and the need for insurance.

Accident rates will plunge. The gas station model and the car dealer model will have major changes as well. Instead of buying two cars at $20,000 to $40,000 each, families will share a single car. A growing percentage those who live in major cities will choose to not have a car at all.

Instead of buying two cars at $20,000 to $40,000 each, families will share a single car. A growing percentage those who live in major cities will choose to not have a car at all.

Mass Adoption When?

Driverless long haul trucks will be the norm within two years of interstate approval. I expect approval by 2021 at the latest.

In contrast to trucks, mass adoption by the general public will not be immediate, but it will progress rapidly within a decade.

Portland now leads the charge in testing. Competition between cities is sure to heat up. Expect another dozen announcements this year.

Study Says by 2030 1/4th of Miles Driven will be Driverless. I expect 85 percent of miles driven will be driverless by 2030.

For further discussion, please consider Second-Order Consequences of Self-Driving Vehicles.

Mike “Mish” Shedlock