September 06, 2017

A bill that would open US roadways to hundreds of thousands of automated vehicles over the next half decade passed the House of Representatives on Tuesday. Almost entirely absent from consideration were the hundreds of thousands of human drivers who stand to be replaced by the burgeoning robotic fleet. Lawmakers unanimously approved of the Self Drive Act, which exempts driverless car manufacturers from certain safety regulations–like requirements forcing vehicles to have steering wheels and pedals. The bill also permits car makers to deploy 25,000 driverless…

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A top banking regulator who recently warned about the danger of Republican reform proposals and “a notable uptick in risk appetites” is stepping down. Federal Reserve Vice Chair Stanley Fischer wrote to President Trump on Wednesday, announcing his resignation “effective on or around October 13.” In his letter, released the same day by the central bank, Fisher said he was motivated to quit by “personal reasons.” “During my time on the Board [of Governors], the economy has continued to strengthen, providing millions of additional jobs…

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