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The Elon Musk tunnel project reaches a milestone. But the future is unclear.



01 boring tunnel

Musk’s career was rich in achievements that earned him a place in history. He made electric cars popular in Tesla and pioneered reusable rockets at SpaceX, which recently became the first private company to send astronauts into space. But he also gained a reputation for making bold statements, and not always according to them.
He intends to send space tourists around the moon in 2018, and to show a cross-country drive in a Autonomous Tesla by the end of 2017. And for years, Musk has been directing his views on the transformation of intra and inter-city transportation infrastructure, so far not so successful.

He created the Boring Company to pursue his transit vision. One of the projects, which featured two tunnels along the one mile in Las Vegas, was completed last month. When it opened for business in January 2021, a little of its original vision would be realized. Passengers will enter Tesla – driven by other humans, not transported by an autonomous sled – and driven at a top speed of 35 miles per hour, according to Las Vegas Convention and Visitors Authority CEO Steve Hill.

In 2017, Musk tweeted he had “verbal government approval” to build a tunnel from New York to Washington, DC, drawing broadly the media coverage. This intercity fast transportation project, originally announced in 2013 and dubbed Hyperloop, would theoretically be achieved by building an autonomous, electric pod that would carry passengers up to 600 miles per hour. But the first leg of the project is currently mired in an environmental review, and there is no clear deadline to complete it.
It was on stage in April 2017 at a Ted conference of ideas, Musk shows animation the video the vehicle was lowered into a tunnel above an elevator that merged with a roadside parking lot and drove across the city using an electric train. He called the Loop the Intacity transportation project and claimed the autonomous vehicle would be cheaper than the bus. Thirty layers of tunnels in a city might completely improve congestion problems in high-density cities, Musk said November 2018.
But the two Boring Company tunnels were completed at the Las Vegas Convention Center, which will open more than a year ago Musk’s original estimate, Is far from the slippery Ted video pitch. Beyond the 35 mph speed limit and the initial requirements for human drivers, this project was built for conference participants and is not currently intended as public transportation.

The system will depend on Tesla Models 3s and Xs. Trams built on the Model 3 chassis carrying 12-16 passengers can be introduced later, according to Hill. He hopes the vehicles will eventually drive independently, once they are proven safe. Hill said he wasn’t sure how long it would take.

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Boring Company and Musk representatives did not respond to CNN Business’s request for comment.

The newly completed tunnel can eventually be extended to the greater Las Vegas, providing travel between casinos, resorts, residential neighborhoods, sports stadiums, and airports. Two resorts, Wynn Las Vegas and Resorts World Las Vegas, submitted expansion plans this month to local governments for approval. Both are located about a mile from the Convention Center.

Construction can begin later this year, awaiting approval. Rates will be affordable, according to a spokesman for Resorts World Las Vegas, which is scheduled to open in the summer of 2021. No further details about the proposed expansion have been released.

Hill said that tickets will cost from $ 3 to $ 5, making it more expensive than bus tickets. Travel by a single bus can be $ 3 or less in Las Vegas, and a monthly bus ticket can be obtained for $ 65.

The Boring Company has released a map of how the Loop can be extended, with 27 more stops in Las Vegas, and an extension to Los Angeles. However, the proposal has not yet come out of the drawing board. So far it seems that it’s only a proposal without entering from Las Vegas.

A spokesman for McCarran International Airport said there was nothing formal in the work for new airport connections to the Strip or convention center. Las Vegas Mayor Carolyn Goodman declined to comment on this story.

While the current reality does not fit Musk’s initial vision, Las Vegas leaders are excited about the potential for expansion, which they see as a cost-effective way to improve local transportation.

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“We have seen the subway system, we have seen the monorail, we have seen the light rail,” Hill said. “It’s not because we haven’t thought anything. It’s because we don’t have room for it or we can’t afford it.”

A monorail, for example, can cost $ 100 million per mile, he said. Boring Company has not requested public funding, and thinks it can dramatically reduce tunneling costs.

But there are questions about whether it will fulfill its promises, be cost effective and serve a large number of visitors. Musk, who is CEO of SpaceX, Tesla, and Neuralink, said last month he spends less than 1% of his time in the company. Musk has played an important role in the success of other companies, so the limited time contribution can influence how successful the company is.
In 2017, Musk announced that he received government approval for a proposed Hyperloop, a high-speed subway service that will travel between New York and Washington, DC in less than 30 minutes and with speeds of more than 600 mph. Question survive whether Musk has sufficient approval to complete the project.

Meanwhile, besides Las Vegas, several other Loop projects from the Boring Company are slowly moving forward. If completed, they will operate at a lower speed, with a 155 mph cap.

One example, his project between DC and Baltimore is under environmental review, according to a spokesman for the Federal Highway Administration. A federal government website that tracks infrastructure project permits has described the review as completed by the end of 2019. The spokesman declined to say why the review appeared to be delayed.

The project will initially be limited to 1,000 passengers per direction per day, according to the government environmental assessment project. That would provide less capacity than the Marc Camden Line, a commuter train service that connects the same two cities, and has an average working day rider of 5,075, according to State of Maryland data. Ratings say Loop capacity is due to limited size of the DC Loop station location. Future expansion can accommodate more than 100,000 passengers per direction per day, when including trips to intermediary stations in the future, according to the assessment.

If the Boring Company is cleared to continue the DC project to the New York Hyperloop, the curved route south of Baltimore will make it technically unrealistic to maintain the high speed projected by Musk, according to Christian Claudel, a transportation engineering professor at the University of Texas-Austin who has advised students on Hyperloop project. Given how sharp the curves are on the project map, G forces will be too strong for fighter pilots, he said.

Plans to build a Loop from downtown Chicago to O’Hare Airport seem camphor. A spokesman for the city of Chicago said the project had not been discussed since Mayor Lori Lightfoot took office a year ago.

But in Vegas, interest remains high to see what the Boring Company can do, if it develops.

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“From my reasoning, it’s only a matter of time,” said Jeremy Aguero, spokesman for the Las Vegas Stadium Authority Board. “The world is likely to be very important for Southern Nevada and perhaps beyond.”

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PRR. Banco do Fomento invites companies to offer new financial instruments – Observer



PRR.  Banco do Fomento invites companies to offer new financial instruments – Observer

Banco Português de Fomento started a public consultation this Friday aiming to receive contributions to launch new instruments under the Recovery and Resilience Plan (PRR) which still has 475 million euros.

In a statement, the organization stressed that it intends to invite companies and all stakeholders to participate in public consultations on “future capital and quasi-capital decisions.”

According to PRR, Banco Português de Fomento (BPF) has been cast in “structuring and distribution of capital decisions and quasi-equity capital of a total of €1,425 million under the Capitalization and Business Innovation component of the PRR.

The Belarusian Popular Front still has 475 million euros to launch new programs, the organization’s press release emphasizes.

The public consultation is aimed at soliciting contributions under “the terms of two pre-structured financial instruments designed to encourage company formation and/or capitalization of businesses, primarily in the start-up phases”, “Venture Capital Program” (an instrument that assumes a fund structure of funds)” and “The Deal Co-investment Program (an instrument that takes the form of direct investment in companies, always in co-investment with private investors)”.


“These tool proposals are aimed at facilitating market entry and growth/expansion of viable companies through the development new products/services or markets and strengthening and professionalization of personnel, including the management team,” the BNF press release further emphasizes.

The public consultation is also aimed at obtaining “other proposals for new capital and quasi-capital solutions in accordance with the terms of the aforementioned capitalization funds, which are considered relevant and necessary because they are considered unavailable at the time, or existing conditions that prevent access and use.”

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Ana Carvalho, CEO of BPF, emphasized that these public consultations “are aimed at building an open dialogue with all actors of the business ecosystem, with to improve workflows and identify market failuresand the most appropriate solutions to overcome them.”

“Although we are actively in contact with various associations and institutions, this public comment allows all interested parties to participate, especially potential beneficiaries and partners involved in these measures,” he added, quoted in a press release.

All information and technical descriptions of the two pre-structured products are available on the Banco Português de Fomento website at the link

Suggestions or offers must be submitted online for a thorough assessment by the Belarusian Popular Front until 18:00 on December 19, this body further explained.

The mission of Banco Português de Fomento is to support the economic and social development of Portugal by creating and providing innovative, competitive and appropriate solutions to the needs and challenges of the business ecosystem, enhancing entrepreneurial potential, investment and job creation, and promoting sustainability and economic, social and territorial cohesion of the country.

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FESTin returns to distribute Portuguese-language cinema worldwide | Cinema



FESTin returns to distribute Portuguese-language cinema worldwide |  Cinema

For the 13th edition, FESTin’s mission remains the same: “Bring cinema in Portuguese to the whole world.” So says co-director Adriana Niemeyer by phone with PÚBLICO on the eve of the start of the film festival, which starts this Friday and runs until next week, ending on Wednesday the 14th at LX Factory at 7:00 pm, in Espaço Talante, inside the bookstore Ler Devagar , with a screening of four Brazilian short films chosen by Antonio Grassi, the actor in charge of the space, followed by a toast.

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VARIOUS. Portuguese project that wears a shirt for mental health



VARIOUS.  Portuguese project that wears a shirt for mental health

Little phrases with big meaning sometimes fit into T-shirtright now in bag da Ivory, a project that began in the year of the pandemic and has been interventionally warning about mental health issues ever since.

Francisco Soares Ganzo, the founder, first suffered a panic attack when he was in 10th grade, but ended up not paying much attention to signs that something was wrong. Then the mental health problem reappeared later, at a different stage in life and with different symptoms.

“Four years ago, I started experiencing constant anxiety, to the point that I couldn’t sleep,” says 25-year-old Francisco Versa. “Basically, I put a lot of pressure on myself from the women with whom I had relationships. It was Wednesday masculinity, competition,” he continues.

Early adulthood began with this “almost obsession to be with women” and get the best. performanceto the point where he became very anxious whenever he had sexual relations with a woman.

“The peak was when I couldn’t sleep. My brain was always on and I started taking pills to help me sleep,” says Francisco.

In 2019, he decided to see a therapist rather than a psychologist because he thought it was only “for wimps”, but it wasn’t, and Francisco later figured it out.

Today, he wants to convey the same message, and to do so, he created the Ivory project in 2020, consisting of clothes and accessories with special messages that form a bridge to the necessary incentive for those in need of help.

“When I finally worked up the courage to ask for help, I was like, ‘Wow, I wish I had started sooner. That’s why I started this project. I lacked something that would motivate me to go to therapy earlier. clothes are meant to spread information,” he says.

But Ivory goes far beyond what is written in sweatshirts and accessories.

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Help that comes in order

“Everyone you know is fighting a battle you know nothing about.”

This is one of the messages recorded in t-shirts e sweats from ivory. It’s simple and affects everyone in their own way, but the focus of the Ivory team – also with a past or present marked by mental health issues – is not the phrases on the T-shirts, but what follows them.

“To say that mental health is talked about a lot is a lie. What I mean? When I hear the news that companies are very concerned about mental health or that it has become fashionable with COVID-19, it is all a lie. What people say is vague. Nobody tells stories. A person who is really bad, like I was, does not need to hear that he should go to the gym or eat well. He needs to hear a story like this.” .

Ivory’s next step is to create a space for sharing testimonies through Appendixjust to address this shortcoming. Until then, the project intends to function as anxiety And further to support in the field of mental health.

“For every order we have, a person receives Email mail to make an appointment. Because our goal is to really open doors, to do something that I didn’t have, ”says Francisco. “I feel like a lot of people buy ivory because they’re in bad condition, but they don’t want to take the next step to take care of themselves.”

If encouragement is not enough, an ivory sweater will be cozy and Email mail gives you the push you need to make an appointment with one of Ivory’s psychologists. All it takes is an Instagram post or an email.

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Sweaters and bags 100% organic cotton and mobile phone cases with phrases coined by Francisco Soares Ganzo and designs created by the whole team can be ordered at website.

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