With the Pennsylvania Public Utility Commission recently issuing cease-and-desist letters to ride-share services Lyft and Uber, Pittsburgh Mayor Bill Peduto invoked the Age of Reptiles to describe the decision:
“Technologies like ride-sharing evolve with the times and state regulators must, too,” said Mayor Peduto in a prepared statement. “While the commission may wish for Pennsylvania to cling to a Jurassic Age of transportation options, people in Pittsburgh and other communities know our state must adapt or die in the global marketplace.”
As the Madness of March winds down with this week’s championship games, visions of lucrative professional careers dance in the heads of talented young athletes around the country. Scouts, coaches and owners have their own visions, for any one of these young talents could be the next Kobe or LeBron.
And that makes each player a potential ticket to millions of dollars in public subsidies. Taxpayers, however, should be envisioning a loss; these deals are typically as wasteful as they are scandalous.
That is Christopher Koopman and me, writing over USNews Economic Intelligence blog. The full article is here. John Buhl definitely gets an assist for all of his helpful input on the piece.