Lifeboat Foundation

Just like the game of Monopoly, which was created to illustrate the operation of laissez faire capitalism, there is always one big winner at the end of the game.

“Wealth concentration drives a vicious, downward cycle, throttling the very engine of wealth creation itself.”

“Because: people with lots of money don’t spend it. They just sit on it, like Smaug in his cave. The more money you have, the less of it you spend every year. If you have $10,000, you might spend it this year. If you have $10 million, you’re not gonna. If you have $1,000, you’re at least somewhat likely to spend it this month.”

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It’s called the Aicon, and it’s sure to turn heads.

But once your car starts to get older, the speakers start to fade. Worse yet, they might buzz against a loose panel in your door, causing a distinctly un-rocking rattle every time the bass comes in. But a new design from Continental actually uses those vibrating door panels to great effect, and could simultaneously make car speakers obsolete and cut down on the weight of our cars in the very near future.

At the Frankfurt Motor Show (IAA Cars 2017) in Germany earlier this week, Samsung SDI — the battery-focused division of Samsung — unveiled a new multi-functional battery pack capable of increasing the current range of electric vehicles. As explained by the Korean company, the battery enables cars to go between 600–700 kilometers (372−4343 miles), provided the right number of modules are installed.

“Its users can change the number of modules as they want as if they place books on a shelf,” says Samsung. “For example, if 20 modules are installed in a premium car, it can go 600 to 700 kilometers. If 10 to 12 modules are mounted on a regular sedan, it can run up to 300 kilometers. This pack is expected to catch the eyes of automakers, because they can design a car whose mileage may vary depending on how many modules of a single pack are installed.”

Electrek explains that automakers like Nissan and GM have been using prismatic cells in their battery packs. Samsung SDI began developing new “2170” cylindrical cells earlier this year, following the footsteps of Tesla, which was the first to do so with their “2170” battery cell.

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Tesla CEO Elon Musk called the battery-powered semi “a beast.” It is expected to be the electric-car company’s first venture into heavy-duty transportation.

Oh, and it runs on salt water.

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Today, U.S. Depart of Transportation Secretary Elaine Chao released the DoT and National Highway Traffic and Safety Administration’s new guidelines for automated driving systems. This is version 2.0 of a federal policy on self-driving cars, and Chao said it’s a “living document,” with plans already for version 3.0 to arrive in 2018.

These guidelines are called “A Vision for Safety 2.0,” which Chao says reflects their importance in terms of addressing the rising rate of traffic deaths in the U.S. Chao cited the most recent stats, which include the stat that 94 percent of serious motor vehicle accidents in the U.S. are due to human error, in presenting the new guidelines at an event today.

The new guidelines are designed to unify development of automation features, including full autonomy and advanced driver assistance systems (ADAS), and to help unify industry, local, state and federal government efforts to that end. It’s voluntary guidance, but it focuses on SAE Levels 3 through 5 automation, and it clarifies that companies don’t need to wait to begin testing and deploying their automated driving systems, and streamlines the self-assessment process for companies and organizations.

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