California threatens legal action against Uber unless it halts self-driving cars

Threat from the attorney general came shortly after Uber declared it would defy state regulations, a move the company said as ‘an important issue of principle’

Uber’s defiant stance appears to be setting the company on a collision course with California regulators in court. Photograph: Eric Risberg/AP

California’s attorney general Kamala Harris on Friday threatened legal action against the ride-sharing tech company Uber unless it “immediately” removes its self-driving from the roads in San Francisco.

The threat from the office of the outgoing attorney general was contained in a letter released to the public Friday shortly after Uber declared it would defy state regulations, a move the company said was “an important issue of principle”.

Twenty companies have been approved to test self-driving cars in California, according to the DMV. Uber is not one of them, and the company is refusing to abide by the same rules as its rivals – a defiant move that critics argue shows disregard for the law and public safety.

Friday’s development portends a dramatic confrontation between Uber and California state officials, amid mounting anger in San Francisco at Uber’s refusal to abide by the same rules as other companies.

Harris, a rising star in the Democratic party, was recently elected to the US Senate. The letter from attorneys in her office said they were acting on a request from California’s department of motor vehicles (DMV).

The DMV ordered Uber to either remove its self-driving cars from the road or obtain a permit on Wednesday, the first day the company began a trial of its self-driving taxis in San Francisco without permission.

The letter warns that if Uber does not remove the vehicles from the road until it obtains a permit, the attorney general will “seek injunctive and other appropriate relief”.

Earlier Friday, Uber made clear it had no intention of backing down.

The Rise In C-Sections Could Be Changing Human Evolution

CJKPHOTO VIA GETTY IMAGES

C-sections have been on the rise for decades, now making up more than 30 percent of all deliveries in the United States.

An intriguing new study out of Austria suggests that as C-sections have become more common, they might also be altering the course of human evolution. More babies are being born with heads that are too big for their mothers’ pelvises ... which leads, the theory goes, to more C-sections.

Why?

Gundlach says brace for turmoil if 10-year yields top 3%

An earlier version of this article incorrectly said DoubleLine Capital’s Jeff Gundlach forecast that yields on the 10-year Treasury note will reach 3%. Gundlach said the market would be hurt if yields reach or exceed 3%.

Jeffrey Gundlach, founder and chief executive officer of DoubleLine Capital.

Wall Street investors have largely ignored the recent carnage in the bond market, but they could face a rude awakening next year when Donald Trump takes over the U.S. presidency, warns bond guru Jeffrey Gundlach.

In a webcast presentation on Tuesday, the DoubleLine Capital chief executive said if yields on the 10-year U.S.Treasury note TMUBMUSD10Y, +0.00% jump to 3% or higher , as inflation rates and government debt start to rise under a Trump administration, equity and fixed-income markets could be hurt.

–– ADVERTISEMENT ––

“We’re getting to the point where further rises in Treasurys, certainly above 3%, would start to have a real impact on market liquidity in corporate bonds and junk bonds,” he said in the presentation, according to Bloomberg.

The Gold Bull is Dead

The Gold Bull is Dead; that depends from angle you are looking at it

But what we call our despair is often only the painful eagerness of unfed hope.

- George Eliot

Gold and precious metals in general had a spectacular run from 2003-2011, and it was around that time we published our first article on Gold-eagle. At that period, we were pounding the table on Gold, Silver and the entire precious metal’s sector. Is this the end? Is this monstrous bull dead?  We have stated repeatedly, that every major bull market has to experience one back-breaking correction… Usually the correction ends with a 50% pullback from the highs, which would translate to a low of roughly $960.00. Apparently, Jim Rogers holds a similar view.

Gold is in a correction, and the correction has gone on for four years,” Rogers said. “Although I am not buying gold, I am expecting an opportunity to buy gold sometime in the next year or two. For instance, if gold goes under $1,000, I hope I’m smart enough to buy a lot more gold.

The Top Books of 2016

Tony Cenicola/The New York Times

The Italian writer Italo Calvino defined a classic as “a book that’s never finished saying what it has to say.” This year, The Times’s daily critics reviewed nearly 250 titles. What follows are their lists of the fiction and nonfiction books that most moved, excited and enlightened them in 2016 — books that, in their own ways, are perhaps not finished saying what they have to say.

The New York Times has three daily book critics: Michiko Kakutani, Dwight Garner and Jennifer Senior. Because they review different titles, it is impossible for them to compile a single unanimous Top 10 list. They have favorites, however, and are happy to have a chance to list them here. There is also a list from Janet Maslin, who has stepped down from full-time reviewing but remains a frequent contributor of reviews to The Times.

The critics have presented their lists in rough order of preference.