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A Great Vehicle Lurks in HyundaisCorporate Chop Shop

Is the tide turning in the favor of activist shareholder Elliott Management Corp. in its drive to clean up the web of more than two dozen auto-related companies at the core of the Hyundai chaebol? On Wednesday, South Korean media reported that the group may cancel a central part of a restructuring plan that’s been opposed by Elliott, in the form of the planned merger between its logistics business Hyundai Glovis Co. and the after-sales division of parts supplier Hyundai Mobis Co. The company batted down the reports but shares in Mobis and…

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Gas Truck Explodes on Italian Highway; 2 Dead, Scores Hurt

Milan (AP) — A tanker truck carrying a highly flammable gas exploded Monday after rear-ending a stopped truck on a crowded highway near the northern Italian city of Bologna. At least two people were killed, up to 70 injured and part of the raised expressway collapsed in the fireball. Police said the accident and subsequent fire and explosion injured between 60 and 70 people, some with severe burns. It also shut down a highway north of the city that is a key route between northern Italy and the Adriatic Coast…

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When It Comes to Tipping, Millennials Are Cheapest

U.S. millennials are quick to whip out their wallets for pricey avocado toast and craft beer. But when it comes to rewarding the waiters and bartenders who serve them, those wallets often stay closed. Ten percent of millennials don’t tip at all when dining out compared with only three percent among the older generations, according to a The study was conducted for CreditCards.com by market-research firm GfK, which gathered data last month from 1,000 Americans aged 18 and older. Millennials were defined as between the ages of 18 and 37. Beyond those poor…

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Researchers Argue Proposed EPA Changes Could Cause 80,000 More Deaths a Decade

Two Harvard social scientists, writing an opinion column in a prominent medical journal, have put forward “an extremely conservative estimate” that some 80,000 more Americans could die each decade if proposed changes at the U.S. Environmental Protection Agency are implemented. The JAMA Forum” feature of the , which allows researchers to offer individual perspectives on health and policy. The EPA dismissed the essay as rhetoric, not research, in a statement provided to Bloomberg News. “This is not a scientific article, it’s a political article. The science is clear, under President Trump greenhouse gas emissions are down, water infrastructure…

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The Brilliant Vigilance of Seattle’s Gargantuan New Tunnel

Say there’s a fire. A fire caused by a car crash, inside a 2.5-mile tunnel under a major American city. It’s a terrifying idea, but if you want that kind of problem to ignite anywhere, it’s in the stretch of State Route 99 that, later this year, will start whisking traffic underneath downtown Seattle. That’s because this bit of SR 99 is more than the hemisphere’s largest-diameter bored tunnel and the country’s longest roadway tunnel outside of Alaska, much of it dug by Bertha, formerly the planet’s largest boring machine.…

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LA Is Doing Water Better Than Your City. Yes, That LA

wired East Porterville's situation is extreme, but it is not an outlier. If anything, it is a harbinger. "It was only an outlier in the concentration and sheer number of people who lived in a very small area that were affected by this," Jensen says. "There's approximately 300 communities in the state of California and more than a million residents who don't have reliable access to safe drinking water, and that's not even counting people who are on domestic wells." At the Edward C. Little Water Recycling Facility, engineers turn…

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Elon Musk Presents His Tunnel Vision to the People of LA

One day, if Elon Musk gets his way, the Leo Baeck Temple in Los Angeles’ tony Bel Air neighborhood will be just a hop, skip and a quick walk from the nearest Loop station. The “Loop,” for the uninitiated, is what Musk calls his latest idea for moving people and things from one place to another. In his telling, you would bike or walk into a 16-passenger pod, or drive your car onto a street level elevator, which would ferry you onto an underground electric platform. For a measly $1,…

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China Now Has the Most Valuable AI Startup in the World

SenseTime Group Ltd. has raised $600 million from Alibaba Group Holding Ltd. and other investors at a valuation of more than $3 billion, becoming the world’s most valuable artificial intelligence startup. The company, which specializes in systems that analyze faces and images on an enormous scale, said it closed a Series C round in recent months in which Singaporean state investment firm Temasek Holdings Pte and retailer Suning.com Co. also participated. SenseTime didn’t outline individual investments, but Alibaba was the leader in AI by 2030. And it’s a contributor to…

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A Bomb Cyclone Brings Massive Flooding to New EnglandAgain

Since early Friday morning, calls have been crackling across the Duxbury Fire Department dispatch center in a barrage of static. “Tree down on a house on Mayflower Street.” “Wires down on at Keene Street and Congress.” The seaside Massachusetts town is now firmly in the grips of Winter Storm Riley, the massive Nor’Easter forecasted to explosively develop through the weekend across a 700-mile swath of New England. With onshore winds already topping a hurricane-force 70 miles per hour, and a full moon Thursday night, officials across the region are preparing…

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Elon Musk Wants to Dig Another Tunnel Under LA

The Boring Company sure sounds sexy. It’s founded and funded by Elon Musk, the guy who makes electric cars (Tesla) and sends rockets into space (SpaceX). It has come up with a new—albeit unproven—concept for dismantling traffic. It wants to build underground creations that you, mere human, can ride at speeds up to to 150 mph, without ever encountering a speck of traffic. But before it sinks its machines into the ground and tunnels to victory, the Boring Company has to do something truly monumental: get past local government. On…

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Theresa May’s Infrastructure Czar Quits, Lashing Out at Brexit

Andrew Adonis quit as Theresa May’s infrastructure czar, but not before delivering a blistering verdict on the Brexit policy being pursued by the U.K. prime minister and her Conservative Party. The Labour peer and former transport secretary described Brexit as a “populist and nationalist spasm worthy of Donald Trump” in a unexpectedly quit, depriving her of a key figure in dealing with EU negotiators. And now, days from the end of the year, Adonis is departing with an excoriating verdict on the country’s direction. “Brexit is causing a nervous breakdown across…

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So, BMW Wants to Build Networks of Elevated Cycling Paths

In its first century as a company, BMW has made industrial engines, motorcycles, Steve Urkel’s Isetta, and a whole lot of cars. Now, it wants to build something altogether new: an elevated bike path. This week, the automaker’s somewhat redundantly named Research, New Technologies, Innovations division, based in Mountain View, Tokyo, and Seoul, revealed its idea of building a network of bike lanes above street level. It’s called the E3 Way—that's for elevated, electric, and efficient—and BMW says it could help growing cities everywhere fight congestion and ease emissions by…

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Singapore Will Stop Increasing Car Numbers From February 2018

Singapore, among the world’s most expensive places to own a vehicle, will stop increasing the total number of cars on its roads next year. The government will cut the annual growth rate for cars and motorcycles to zero from 0.25 percent starting in February, the transport regulator said on Monday. “In view of land constraints and competing needs, there is limited scope for further expansion of the road network," the Land Transport Authority said in a statement on its

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Typhoon Lan Poses a $35 Billion Threat to Japan in Worst Case

Typhoon Lan, which is forecast to strike near Tokyo early Monday morning, may cause an estimated $25 billion to $35 billion in damage, said Chuck Watson, a disaster modeler with Enki Research in Georgia. Lan is about 1,169 miles (1,881 kilometers) south of Tokyo with top winds of almost 150 miles per hour. That would make it the equivalent of a Category 4 hurricane on the five-step Saffir-Simpson scale, according to the

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