A new kind of business model connecting customers and providers is cutting out inefficient middlemen and reducing costs. Unfortunately, some governments are trying to undercut these new services at the request of the old-economy companies that are displacing them with their greater efficiency.
In this episode of the Heartland Daily Podcast, managing editor Jesse Hathaway and Towson University economics lecturer Howard Baetjer talk about how free-market forces are more efficient than government regulatory boards and commissions at “regulating” the quality of consumer goods and services.
Chicago is facing an unprecedented budget crisis thanks to a massive increase in pension payments. In order to solve the problem, Chicago’s mayor Rahm Emanuel has proposed the largest property tax increase in city history.
In today’s episode of The Heartland Daily Podcast, managing editor Jesse Hathaway talks with Manhattan Institute fellow Jared Meyer about a new study examining how Uber, the popular transportation network company, benefits lower-income households and minority neighborhoods in New York City.
Let us ponder for a moment who and what Google is. Google has made tens of billions of dollars – being all up in your business. Uber-efficiently doing what governments the world over have for centuries only at best bumblingly attempted – accumulating reams and reams of data on millions and millions of people.
In today’s edition of The Heartland Daily Podcast, Budget & Tax News managing editor Jesse Hathaway speaks with Manhattan Institute for Policy Research fellow Jared Meyer. Meyer and Hathaway talk about New York City mayor Bill DeBlasio’s “war on Uber,” and how the city can reduce traffic deaths by reducing regulations on taxicabs and ridesharing companies.
Gazprom, the Russian state-owned energy giant, has traditionally used its position as the second-largest exporter of natural gas to the European Union (EU) (Norway is the largest) as a means of flexing its political muscle, especially under the leadership of Russian President Vladimir Putin. But it appears Russia’s days as the energy bully may be coming to an end, as years of using energy as a blunt political instrument to advance the Kremlin’s agenda and disruptive new technologies for oil and natural gas extraction threaten Gazprom’s bottom line much like Uber and other innovative ride sharing companies have usurped market share from traditional cab companies.
Over the past few years, innovative new services such as Airbnb and Uber have sprung up across the nation, creating what’s been termed the “sharing” economy or “peer-to-peer” economy. These services have endured varying levels of resistance from local and state governments, as lawmakers have applied 19th- or 20th-century modes of regulatory theory to 21st-century technologies.
In this episode of the Budget & Tax News podcast, managing editor, Jesse Hathaway is joined by Heartland Institute policy advisor and Johnson & Wales University associate economics professor Adam C. Smith. Smith and Hathaway discuss Virginia’s recent legalization of sharing-economy transportation companies Lyft and Uber.
In a classic case of regulatory overreach, the California Public Utilities Commission has notified three ride-sharing companies — Lyft, Sidecar and Uber — that their respective experimental new features violate state laws regarding chartered transportation.
The Daily Record reports that the Maryland Public Service Commission ruled that Uber is a common carrier subject to its regulatory jurisdiction. The PSC stated: “[W]hen viewed in their totality, the undisputed facts and circumstances in this case make it clear that Uber is engaged in the public transportation of persons for hire. Thus, Uber is a common carrier and a public service company over whom the Commission has jurisdiction…”
Convenient transportation has become a staple in today’s society, however, convenience is no longer enough. People need to have access to a ride in real time. Every transportation service is coming up[…]
The state of Virginia has stepped up its attack on ride-sharing services Uber and Lyft. It’s just the latest example of crony capitalism and government favoritism toward the wealthy and powerful.
Over-regulation is rearing its ugly head in Chicago once again. New regulations that would push a popular new limousine and taxi service out of the Chicago market have been proposed[…]