“A medallion is required to operate a New York City yellow taxicab, the only type of vehicle allowed to accept passengers who hail cabs on the street. Until recently, those medallions could sell for over $1 million. Companies like White & Blue Group, one of the plaintiffs in the case, managed fleets of licensed taxicabs by leasing out the medallions. ‘With companies like Uber operating in the marketplace free of regulatory burdens… licensed taxicab drivers have left the taxicab industry in droves, choosing instead to drive for Uber,’ states the complaint. Companies like White & Blue ‘have been forced to repeatedly slash daily lease rates to compete,’ it continues.”
Related posts:
The Drug War Murders a Toddler
Kyle Drake: There's Nothing That Can Stop Bitcoin
Why Bitcoin's Growth is Normal & The S-Curves You Could Never See
Libertarian open carry protester vs 6 police officers
“Let’s You and Him Fight,” Japan’s Prime Minister Tells Obama.
Dealership That Sold A Tesla For Bitcoin Wants To Make More Digital Deals
ObamaCare Deadline Kicked Back for the First Time, But Not Tax Deadline
Armed Bounty Hunters Storm Fancy Miami Beach Gym
Cannabis For Infant's Brain Tumor, Doctor Calls Child "A Miracle Baby"
Three ridiculous ways Congress plans to Keep America Safe Again
UN Claims Uruguay Not Allowed to End Marijuana Prohibition
'Carrying the Future' in Afghanistan
With Cigarettes Banned In Most Prisons, Gangs Shift From Drugs To Smokes
Security audit finds developer outsourced his 9-5 job to China to goof off at work
With nation's strongest gun control laws, Chicago sees stunning 72 shootings over weekend