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The Almighty Buck

Lessig's Mayday PAC Scrambling To Cross Crowd Funding Finish Line 117

Posted by timothy from the latest-midnight-they-could-find dept.
First time accepted submitter SingleEntendre (1273012) writes "Time is running out for the Mayday PAC to reach its latest crowd funding goal of $5M. The total currently stands at $4.5M. Led by Harvard Law Professor Lawrence Lessig, the Mayday PAC seeks to reduce the influence of money in US politics by 2016, primarily by identifying and supporting congressional candidates who share this vision. If phase 2 is successful, with matching funds the total raised will be $12M. A self-imposed deadline arrives at of midnight tonight, July 4th, Hawaii-Aleutian Standard Time (HAST)." (And now the total's at $4,700,066.)
United States

German Intelligence Employee Arrested On Suspicion of Spying For US On Bundestag 74

Posted by Soulskill from the and-you-thought-the-NSA-thing-was-winding-down dept.
New submitter Plumpaquatsch writes: Deutsche Welle reports: "A member of Germany's foreign intelligence agency has been detained for possibly spying for the U.S. The 31-year-old is suspected of giving a U.S. spy agency information about a parliamentary inquiry of NSA activities. During questioning, the suspect reportedly told investigators that he had gathered information on an investigative committee from Germany's lower house of parliament, the Bundestag. The panel is conducting an inquiry into NSA surveillance on German officials and citizens; yesterday an ex-staffer told it the NSA was 'totalitarian' mass collector of data."
The Almighty Buck

Tesla Aims For $30,000 Price, 2017 Launch For Model E 247

Posted by Soulskill from the economics-of-scale dept.
An anonymous reader writes The biggest complaint about Tesla Motors' electric vehicles is that they're far too expensive for the average motorist. The Roadster sold for $109,000, and the Model S for $70,000. Chris Porritt, the company's VP of engineering, says their next model will aim for much broader availability. The compact Model E aims to be competitive with the Audi A4 and BMW 3-series, which both start in the low $30,000 range. To reduce cost, the Model E won't be built mostly with aluminum, like the Model S, and it will be roughly 20% smaller as well. The construction of the "Gigafactory" for battery production will also go a long way toward reducing the price. Their goal for launch is sometime around late 2016 or early 2017
United Kingdom

London Regulator Says Uber Is Operating Legally 105

Posted by samzenpus from the getting-the-green-light dept.
An anonymous reader writes London's transportation regulator has ruled private-driver provider Uber is operating within the law. Licensed taxi drivers in London last month staged a protest urging Transport for London to find that Uber's mobile app acts as a taximeter, which is illegal for use by private-hire vehicles. "TfL said in a statement: 'In relation to the way Uber operates in London, TfL is satisfied that based upon our understanding of the relationship between the passenger and Uber London, and between Uber London and Uber UV, registered in Holland, that it is operating under the terms of the 1998 PHV(L) Act.' The decision was welcomed by Uber's general manger in the UK and Ireland Jo Bertram as a 'victory for common sense, technology, innovation — and above all, London.'"

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