Headlines 

Ray Dalio Says End of the SALT Deduction Will Further Divide the Nation

Billionaire legislation. The Senate bill mirrors the House legislation by calling for the repeal of state and local tax deductions, while allowing up to $10,000 for property tax deductions. According to a study by the Tax Policy Center, 7 percent of taxpayers would pay more tax in 2019, 10 percent in 2025, and 48 percent in 2027, compared to current law. On average in 2027, taxes would change little for lower- and middle-income groups and decrease for higher-income groups. Tax Revenues On its face, ending so-called Read more about the…

Read More
Headlines 

The Strange Case of the Look-Alike Credit Cards

First National Bank of Marin was a small Las Vegas lender with an image problem. Federal investigators accused it of issuing credit cards to strapped consumers, then piling on so many fees and obligations that some new clients couldn’t buy a sandwich without hitting their credit limit. But by 2006, it had settled the claims and was ready to expand. It changed its name to Source: Credit One Bank If that looks familiar, there’s a good reason. In 2008, credit-card titan Source: Capital One Financial Corp. And so began the improbable story of…

Read More
Headlines 

Teslas Newest Promises Break the Laws of Batteries

Elon Musk knows how to make promises. Even by his own standards, the promises made last week while introducing two new Tesla vehicles—the heavy-duty Semi Truck and the speedy Roadster—are monuments of envelope pushing. To deliver, according to close observers of battery technology, Tesla would have to far exceed what is currently thought possible. Take the Tesla Semi: Musk vowed it would haul an unprecedented 80,000 pounds for 500 miles on a single charge, then recharge 400 miles of range in 30 minutes. That would require, based on Bloomberg estimates, a charging system that's 10 times more…

Read More
Headlines 

Apple Is Ramping Up Work on AR Headset to Succeed iPhone

With the headset at least two years away, Apple wants to make it easier for developers to bring new AR features to the iPhone. To that end, the company plans to release a new version of ARKit software tools as soon as 2018. They could help developers create software that remembers accurately where a digital object was placed in a virtual space, using a technology called persistent tracking; you look away, and the object is still there. The tools will also make it easier to create AR games for multiple…

Read More
Odds and Ends 

Surreal Video of Postman Delivering Mail to Neighborhood Destroyed by Wildfire Goes Viral

Hours after the devastating California wildfires tore through Santa Rosa, professional drone pilot Douglas Thron filmed a postal worker delivering mail to the ravaged neighborhood of Coffey Park. Thron says while he was at the scene shooting aerial footage for NBC’s Today Show on Tuesday, he spotted the truck driving around the neighborhood. Thron tells Mercury News, “It was a trippy thing — he was actually delivering the mail. I was shocked to see him because most of the roads were blocked-off, but he obviously had access.†San Francisco USPS…

Read More
Headlines 

Secret supervised drug injection facility has been operating at US site for years

Lives have been saved at site run by a social service agency in an undisclosed city, according to newly released data, in an effort to battle the overdose epidemic For nearly three years, in an undisclosed US city, a social service agency has quietly been inviting people to inject illegal drugs at a clandestine site, without the governments approval. More than 100 people have injected drugs at the site, according to data released Tuesday about the 2,754 injections. This data provides the first glimpse of what it would look like…

Read More
Headlines 

Hipster-bashing in California: angry residents fight back against gentrification

In a state where house prices are twice the US average, artists and developers are feeling the ire of a growing movement to defend our homes and our culture Half a century after the summer of love and hippie harmony, California is experiencing a summer of loathing and hipster-bashing. Not just hipsters. Artists, techies, realtors, business owners, developers, all are feeling the wrath of a burgeoning and in some cases radicalising anti-gentrification movement. In the Los Angeles neighbourhood of Boyle Heights, protesters are targeting a new cafe with placards, chants…

Read More
Headlines 

Hitting the fans: Disneyland tour group showered with goose droppings

A hazardous materials team were called to the theme park in California after reports that faeces had been thrown on people The unalloyed joy of a trip to Disneyland has been tarnished for a group of 17 people, including six children, who were showered by bird droppings thanks to a passing flock of geese. A hazardous materials team were called to the theme park in California, which bills itself as the happiest place on earth, after reports that faeces had been thrown on people. It was quickly determined the real…

Read More
Headlines 

World’s most prolific Star Wars collector appeals to fans after ‘devastating’ theft

Steve Sansweet, owner of Rancho Obi-Wan in California, asks collectors and fans to help recover items allegedly stolen by his friend of 20 years The owner of the worlds largest Star Wars memorabilia collection has learned a hard lesson about trust. On Monday, he told his own saga in which $200,000 in collectibles were allegedly stolen from on his website and asked fellow collectors and fans to email #TheFraudIsStrongInThisOne https://t.co/coFv1P6HL7

Read More
Headlines 

US police arrest suspect over killing of Australian tourist Matthew Bate

San Francisco police announce arrest after Darwin analytical chemist dies following fight outside Da Vinci Villa hotel Police have made an arrest in the killing of an Australian tourist outside a San Francisco hotel. Officer Giselle Talkoff, a city police spokeswoman, announced the arrest on Saturday. No further information about the suspect was released. Authorities said

Read More
Headlines 

Hillary Clinton condemns ‘terrible’ assault on Guardian reporter in Montana

Clintons comments on assault by congressman Greg Gianforte, on the eve of his election, were part of wide-ranging discussion at a tech conference Hillary Clinton condemned the assault on a Guardian reporter by Montana congressman Greg Gianforte on the eve of the election earlier this month, and accused a local news station of initially refusing to cover the encounter. Clinton, the former secretary of state and 2016 Democratic nominee, pointed to the incident as an example of conservative media conglomerates beginning to call the shots and intervening to influence a…

Read More
Headlines 

Uber boss Travis Kalanick’s mother dies in boating accident

Bonnie Kalanick, 71, was out on lake with husband Donald, 78, in Fresno, California, when boat reportedly hit a rock and sank The mother of Travis Kalanick, CEO of Uber, has died in a boating accident. Bonnie Kalanick, 71, died after the boat she and her husband, Donald, 78, were riding hit a rock in Pine Flat Lake in Fresno county, California, authorities said. The couple from the Los Angeles neighborhood of Northridge have been longtime boaters. In a memo to Uber staff, Liane Hornsey, the chief human resources officer,…

Read More
Odds and Ends 

Weekly Roundup: Teslas solar roof tiles, Snap stumbles through Q1 earnings

This week, Tesla launched pre-orders for its solar roof tiles, Snap Inc. stumbled through its first earnings report and Apple bought up a small sleep tracking startup. These are a few of the top stories from this week, plus some longer weekend reads. 1. how much will they cost? Turns out pricing is going to bedifferent for every home. Tesla has also built a cost calculator thatcrunches the numbers for your specific house. 2. Snaps stock got absolutely crushed after falling short of Wall Streets expectations in its first earnings…

Read More