The Boring Company plans to offer free rides in its prototype tunnel in Hawthorne, California in December.
- The prototype tunnel is about 2 miles long and contains electric skates that travel at top speeds of around 150 mph.
- This is the first tunnel from the company that will be open to the public.
- If successful, the prototype could help the company receive regulatory approval for much bigger projects in L.A. and beyond.
The new version's battery has a shorter range and a price $4,000 lower than the previous starting price.
- Tesla's new version of the Model 3 costs $45,000 and can travel 260 miles on one charge.
- The Model 3 is the best-selling luxury car in the U.S.
- Tesla still has yet to introduce a fully self-driving car, even though it once offered the capability as an option to be installed at a future date.
"Expropriation without compensation" is meant to address the nation's stark inequalities in wealth and land ownership.
- Since the end of apartheid, South Africa has seized private land from citizens but always compensated owners.
- The new proposal is a more radical approach to correcting apartheid-era inequality.
- However, South Africa's constitution still requires the government to compensate land owners, so it's unclear how the government's seizure of private property without pay would play out in courts.
Treasury Secretary Steven Mnuchin has cancelled an upcoming trip to an economic conference in Saudi Arabia amid the controversy involving missing journalist Jamal Khashoggi.
- Saudi Arabia's economic conference has been dubbed "Davos in the Desert".
- Mnuchin joins a growing list of officials and industry executives who've dropped out of the event.
- It's turning into a PR nightmare for the nation, particularly for Crown Prince Mohammed bin Salman.
Stephen Johnson is a St. Louis-based writer whose work has appeared in U.S. News & World Report, The Huffington Post, Eleven Magazine, Cheapism, Vox Magazine, The Missourian and other publications.