This is the tunnel Elon Musk is building under LA

Billionaire Elon Musk has released a photograph of a tunnel he’s building under a Los Angeles suburb to test a novel transportation concept for a system that would move people underground in their personal cars rather than by subway trains.

The founder of SpaceX and Tesla tweeted during the weekend that the tunnel was 500 feet so far and should be 2 miles long in three or four months.

US magazine editor bats for Raghuram Rajan as Fed chief

Global financial magazine Barron’s put up Raghuram Rajan as its pick to head US’s powerful central bank. “Why exactly the list of potential candidates to replace Janet Yellen as the head of Federal Reserve does not have the name of former governor of Reserve Bank of India, Raghuram Rajan,” asked Randall W Forsyth, digital editor-in-chief of Barron’s.

Coal India among top 250 firms emitting third of CO2, says study

The world’s 250 biggest listed companies account for a third of all man-made greenhouse gas emissions yet few have strong goals to limit rising temperatures, a study showed on Tuesday. Coal India (CIL), Gazprom and Exxon Mobil topped the list when measuring carbon dioxide emitted by companies and by consumers using their products, it said.

Facebook stumbles with early effort to stamp out fake news

Facebook Inc’s strategy to stamp out fake news is struggling. The company outsources the process to third-party fact checkers who can only tackle a small fraction of the bogus news that floods the social network, according to interviews with people involved in the process. And screenshots obtained by Bloomberg reveal a process that some partners say is too cumbersome and inefficient to stop misinformation duplicating and spreading.

New iPhone brings face recognition to masses, amidst concerns

Apple will let you unlock the iPhone X with your face, a move likely to bring facial recognition to the masses, along with concerns over how the technology may be used for nefarious purposes.

Apple’s newest device, set to go on sale on November 3, is designed to be unlocked with a facial scan with a number of privacy safeguards as the data will only be stored on the phone and not in any databases.

Stamp scamster Abdul Karim Telgi dead

Abdul Karim Telgi, convicted in a multi-crore fake stamp paper scam in 2007, has died, authorities at Bangalore’s Victoria Hospital said.

Telgi was on ventilator support for the past six days. He was declared dead by the doctors at 3.55 pm on Thursday, 26 October.

SD Sharanappa, deputy commissioner of police, Bengaluru south, said Telgi’s death was communicated to the police on Thursday afternoon and the body would be handed over to the family after official procedures are completed.

Inter-state migration doubles

Inter-state migr­a­tion in India doub­led between 2001 and 2011 compared with the previous de­cade; with Pune and Surat emerging as the most affected cities in the Asian region, says a WEF report. According to the World Economic Forum’s report on ‘Migration and Cities’, India is home to one-fourth of the 100 fastest-growing cities in the world while Mumbai, De­lhi and Kolkata are amo­ng the 10 most populous urban areas worldwide.

Govt banks on additional divestment proceeds to balance extra expenditure

The government is hopeful of meeting a stiff disinvestment target of Rs 72,500 crore for current financial year that could play an important role in maintaining fiscal balance, especially at a time when it has embarked on the path of additional public expenditure to prop up the economy.

Presenting a note on the state of economy, after tabl­ing it before the cabinet, the finance ministry said over Rs 30,000 crore or more than 40 per cent of the annual target, has already been ac­hieved till mid-September.

How high can women techies climb

The way Tina Huang tells it, the path to her resignation from Twitter Inc was a Kafkaesque experience. She said she was denied a promotion, led to believe her coding skills were inferior, asked to take a leave of absence, and scolded for taking that leave.

Two years ago, she sued, contending that the company systematically thwarts the advancement of female engineers. Since then, she’s been gathering data on gender and pay for her peers there and says she can prove Twitter stacks the deck.