The Ride-Hailing Vehicle Cap

ThinkMarkets

by Liya Palagashvili

About two weeks ago, City Council in New York City voted to ban ride-hailing services (Uber, Lyft, Via, Juno) from adding new drivers for a year—with the exception of wheelchair accessible vehicles. The main justification for this cap is that ride-hailing services have been leading to reductions in vehicular speeds and causing road congestion in Manhattan’s busiest areas.

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Climate economics (UG): Climate and development

BBC Radio 4 portrayal of the ‘Great Return March’ anniversary – part one

BBC Watch

Listeners to the BBC’s domestic station Radio 4 had been prepared in advance for what the corporation apparently believed was going to be a major news event on Saturday, March 30th.

The March 29th edition of BBC Radio 4’s flagship news and current affairs programme ‘Today’ included a pre-emptive report (from 1:14:55 here) by Jerusalem correspondent Tom Bateman which utilised the standard framing of the ‘Great Return March’ to which BBC audiences have been exposed for an entire year.

That framing includes:

  • Erasing the fact that around 80% of those killed during the violent rioting at the border have been shown to be affiliated with various terror organisations – primarily Hamas.
  • Erasing or downplaying the violent nature of the events by failing to provide audiences with a representative view of the number of attacks using firebombs, IEDs, grenades and guns, the number…

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Kneading Morning Meows

Why Perfectionism Isn’t as Good as You Think

Blokes are bigger

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Gender pay gap persists even when employers, misogynists bastards all, have no say in who works @women_nz @JulieAnneGenter

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Bob Dylan – Tom Petty – Stevie Nicks – Knockin on Heavens Door – 1986

‘Brace’ yourself for the Guardian’s latest Hamas-friendly coverage of Gaza

The word choice by Guardian editors in a headline accompanying a March 29th article – by their Jerusalem correspondent Oliver Holmes – of this weekend’s Gaza border riots is telling:

You typically “brace” for some dangerous incident likely to occur that you’re unable to control, like a hurricane.  But, this is more than just a quibble over one word, as the headline accurately reflects the Guardian’s malfeasance in covering the year of weekly riots as if they’re acts of nature, rather than the result of decisions made by Hamas leaders.

Recall that on March 15th, that weekend’s planned demonstrations were cancelled in order restore calm in the aftermath of 12-hours of violence that included two rockets launched at Tel Aviv, demonstrating would what be obvious to any neutral observer: that Hamas exercises near total control of the strip and can turn the violence on and off at will. As…

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This Too Shall Pass: Unassailable Monopolies That Were, in Hindsight, Eminently Assailable

Truth on the Market

Source: Benedict Evans

[N]ew combinations are, as a rule, embodied, as it were, in new firms which generally do not arise out of the old ones but start producing beside them; … in general it is not the owner of stagecoaches who builds railways. – Joseph Schumpeter, January 1934

Elizabeth Warren wants to break up the tech giants — Facebook, Google, Amazon, and Apple — claiming they have too much power and represent a danger to our democracy. As part of our response to her proposal, we shared a couple of headlines from 2007 claiming that MySpace had an unassailable monopoly in the social media market.

Tommaso Valletti, the chief economist of the Directorate-General for Competition (DG COMP) of the European Commission, said, in what we assume was a reference to our posts, “they go on and on with that single example to claim that [Facebook] and [Google] are…

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