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Chriss W. Street

Chriss W. Street

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VW-AFP_Getty

CEO Resigns as VW Scandal Could Cost up to $30B

CEO Martin Winterkorn just stepped down as CEO of VW Group after the company admitted that for the last 6 years they had installed sensor “defeat device” software to reduce emissions readings by up to 98 percent in 500,000 diesel-powered cars sold in the United States.

Fracking (David McNew / Getty)

Fracking Productivity Doubling Every Two Years

From fewer than 50 barrels a day in 2009 to 400 barrels today, fracking technology has advanced at a pace that has doubled oil well production every 2 years. That pace of productivity improvement is almost identical to the computer industry’s Moore’s Law, which expects the speed of processing chip to double every 2 years.

Apple Project Titan AP

Unions Cringe as Apple Joins Rush for Driverless Vehicle Road Test

The 15 miles that separate Apple and Stanford University now have tech centers for 11 car makers, if you include Apple and Google. Although each company is spending spectacular amounts of money on developing driverless cars, Apple may be about to take the lead by being the first company to gain the state’s DMV permission to test artificial intelligence cars on public roadways.

Rain-boots-puddles-Frederic-J.-Brown-AFP-Getty-640x480

El Niño ‘Tropical Train’ Slams West Coast

California picked up an average of about an inch of rain, with some mountain areas collecting 2 inches, as hurricane Linda brought the first of what is expected to be a “tropical train” of El Niño generated and other storms to the West Coast.

Airbus

Aerospace Booms in Alabama, Shrivels in California

Just weeks after Boeing sold off all the equipment at its 1.1 million square foot Long Beach, CA factory, Europe’s Airbus officially opened in Alabama what the company promises will be the most cost-efficient commercial airliner assembly plant in the world.

iPad Pro vs Surface 3

Apple $799 iPad Pro Faces Competition from $499 Microsoft Surface 3

With Microsoft’s Surface tablets generating about $3.6 billion in revenue over the last year, Apple introduced the iPad Pro to protect their iPad franchise where sales fell to the lowest level since 2011. Although Apple’s “Pro” comes with a Surface-like detachable keyboard and stylus, its short comings may limit its popularity with the creative crowd.

REUTERS/RICK WILKING

Kersten Institute Warns Hundreds of Cal Agencies at Brink of Insolvency 

The Kersten Institute just published a warning that a fiscal storm will arrive in the next few months as new Government Accounting Standards Board (GASB) pension and benefit accounting standards push “potentially hundreds of California agencies to the brink of balance sheet insolvency,” causing Moody’s credit rating service to issue a massive number of “junk” downgrades and threaten “another wave of municipal bankruptcies in California.”

AP Photo

Cal Unions Fear Court Will Dump Mandatory Dues in CA

Facing a coming Supreme Court decision that may permanently end all compulsory union dues collections in California, Sacramento Democrats are trying to slip in new rules that will require an ‘orientation’ on taxpayer-funded time for unions to confront employees about the wisdom of continuing to pay dues.