Tagged Free Market

Your Non-Shocking News of the Day

Free market competition can lower prices and help consumers: In major cities throughout the United States, taxi medallion prices are tumbling as taxis face competition from car-service apps like Uber and Lyft. The average price of an individual New York City taxi medallion fell to $872,000 in October, down 17 percent from a peak reached in the spring of 2013, according to an analysis of sales data. Previous figures published by the city’s Taxi and Limousine Commission — showing flat prices — appear to have been incorrect, and the commission removed them from its website after an inquiry from The…

There Ain’t No Such Thing as a Free Lunch (French Edition)

The French have decided to make leisure time mandatory: Just in case you weren’t jealous enough of the French already, what with their effortless style, lovely accents and collective will to calorie control, they have now just made it illegal to work after 6pm. Well, sort of. Après noticing that the ability of bosses to invade their employees’ home lives via smartphone at any heure of the day or night was enabling real work hours to extend further and further beyond the 35-hour week the country famously introduced in 1999, workers’ unions have been fighting back. Now employers’ federations and unions have signed a new, legally…

The Wisdom of Crowds (Intelligence Analysis Division)

This should impress everyone, and surprise no one: The morning I met Elaine Rich, she was sitting at the kitchen table of her small town home in suburban Maryland trying to estimate refugee flows in Syria. It wasn’t the only question she was considering; there were others: Will North Korea launch a new multistage missile before May 10, 2014? Will Russian armed forces enter Kharkiv, Ukraine, by May 10? Rich’s answers to these questions would eventually be evaluated by the intelligence community, but she didn’t feel much pressure because this wasn’t her full-time gig. “I’m just a pharmacist,” she said. “Nobody…