Richard Blumenthal
Tesla scrutinized by US Senate Democrats for autopilot misuse
Two Senate Democrats are urging federal regulators to take “corrective actions” against Tesla to prevent further misuse of the company’s advanced driver assist feature. The request comes in the aftermath of a fatal crash in which two men from Texas were killed after their Tesla Model S crashed with no one in the driver’s seat. In a letter sent to National Highway Traffic Safety Administration Acting Administrator Steven Cliff, Senators Ed Markey (D-MA) and Richard Blumenthal (D-CT) implored the agency to determine the exact cause of this recent crash to “better inform” future legislation around advanced driver assist systems like Tesla’s Autopilot. “We strongly urge you to conduct a complete investigation into Saturday’s fatal Tesla vehicle crash and develop recommendations for improving a...
Donald Trump’s bias hawk FCC nominee one step closer to confirmation
On Wednesday, the Senate Commerce Committee voted to advance the nomination of Nathan Simington, a Republican in favor of greater government oversight of speech on the internet, to the Federal Communications Commission. Simington’s nomination now awaits a floor vote for final approval. President Donald Trump nominated Simington to be the next Republican FCC Commissioner in September. If approved, Simington would fill Republican Commissioner Mike O’Reilly’s seat, leaving the agency at 2-2 deadlock when Chairman Ajit Pai steps down on January 20th. Without a Democratic majority at the FCC, the Biden administration will likely have difficulties rolling through any major policy measures until another nominee is vetted and approved. In August, Trump abruptly withdrew O’Reilly’s renomination for...
Gold rises on renewed US stimulus hope, dollar falls
Spot gold rose 0.3 percent to $1,910.56 an ounce at 3:37pm, New York time, after falling as much as 0.5 percent. Gold rose on renewed optimism for a preelection aid package in the U.S., while the dollar fell to a one-week low. House Speaker Nancy Pelosi said a bill for a compromise stimulus package is being written as she awaits a key phone call with Treasury Secretary Steven Mnuchin. Senate Majority Leader Mitch McConnell said his chamber would take up a comprehensive coronavirus package if an accord is struck. The Bloomberg Dollar Spot Index headed for the third straight decline. Pelosi said in a Bloomberg Television interview that while there are areas where more work is required to get a compromise, she was pleased with the Trump administration’s latest position on coronavirus testing ...
