Judge to taxi industry. .Fuck you! compete or die

Discussion in 'The Howard Stern Show' started by chapped, Sep 11, 2015.

  1. chapped

    chapped Well-Known Member

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    Judge tells taxis to compete with Uber.


    A state judge has slammed the door on a legal challenge by opponents of Uber, clearing the way for the rideshare giant to run traditional taxis off the road.

    In a decision unveiled Wednesday, Queens Supreme Court Justice Allan Weiss ruled that for-hire vehicles could use electronic hails to compete with yellow cabs—something they have been doing well enough to threaten the existence of the iconic 80-year-old industry.

    If that means yellow-cab medallions worth a collective $10 billion or so just two years ago become worthless, the judge suggested, so be it.

    “Any expectation that the medallion would function as a shield against the rapid technological advances of the modern world would not have been reasonable,” he wrote. “In this day and age, even with public utilities, investors must always be wary of new forms of competition arising from technological developments.”

    The plaintiffs, led by four Queens credit unions who lent heavily to medallion buyers, plan to appeal.

    “In the meantime, however, a catastrophe is unfolding, as an entire industry continues to be illegally destroyed, while elected officials allow it to happen on their watch,” their lawyer Todd Higgins said in a statement that apparently referred to defendants Mayor Bill de Blasio and Attorney General Eric Schneiderman. “It is a stunning abdication of leadership and responsibility that will haunt New York City for years to come.”

    The “catastrophe” he cited is the possible slew of loan defaults in the coming months if owners stop making payments on medallions that have plunged in value since peaking at more than $1 million and don’t generate enough income for the borrowers to repay their debts. No medallions have been sold since February, when two went for $700,000 each. A wave of foreclosure auctions could reveal that the market now considers medallions to be worth substantially less, which could trigger more defaults and auctions—a so-called death spiral.
     
  2. broccoli rob

    broccoli rob thanks for the memories DW3

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    Yeah meanwhile Uber still hasn't returned to Broward County, FL yet. My $10 Uber ride turned into a $35 cab ride (no joke).

    crooked fucks.
     
  3. chapped

    chapped Well-Known Member

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    You should have taken a shit inside the drivers hybrid
     
  4. LawyerLarry

    LawyerLarry Mr. Fuckmoney in the Bank VIP

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    I would rat the judge out to the Judicial Discipline Commission if he said "fuck you".
     
  5. Snotty

    Snotty My Snothand be strong!!! VIP Gold

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    Uber or the Hacks?
     
  6. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

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    It's not fair to set up laws requiring extortion payments to government for medallions, then allow others to come in. But the judge rules on what's constitutional and whatnot. The government there owes billions in refunds to those who own medallions. But that will never happen.
     
  7. Mr Fantastic

    Mr Fantastic Found Nemo VIP

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  8. crazypreacher

    crazypreacher Hey yo

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    Fuck cabs.
     
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  9. Anyonenow

    Anyonenow Well-Known Member

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    The "city" did NOT sell them at that value.

    Just like buying a concert or sporting event ticket for $100 and selling it for $10,000

    Here is the "Value" vs actual cost in Miami/Broward:
    which an owner could resell — into pure gold. A permit (or medallion, as it’s known in Miami Dade) goes for about $1,400 in Broward and $5,000 in Miami-Dade, when available directly from the government, but $100,000 in Broward and over $300,000 in Miami-Dade when purchased from another owner.

    Read more here: http://www.miamiherald.com/news/local/community/miami-dade/article31965108.html#storylink=cpy
     
  10. Droog

    Droog Well-Known Member VIP

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    Travis Kalanick was on Colbert last night.




    The issue here is a tough one. I hate cab companies, but they do have a legitimate gripe. They're heavily regulated and have to pay for the right to operate. Safety regulations and the requirement that their drivers have chauffeur licenses puts them in an incredible disadvantage vs Uber. Perhaps the way in which the cab industry was created and regulated was a mistake in the first place. Whatever the case, I kind of fall on the side of progress. When the train came along, it changed things drastically. The automobile destroyed the passenger train industry. Was the government supposed to protect trains? Air travel certainly dealt the death blow to passenger trains. But in these cases, the companies are all regulated. Automobiles are subject to all sorts of safety standards and companies held accountable. An airliner crashes once in a blue moon and there's huge money paid out to survivors of the deceased and planes are grounded until a defect is fixed. With Uber, there's none of that and I have no problem with it. Cars are built better than ever. An Uber vehicle is usually less broken down than a typical cab. Cabs feel like riding on a loose bag of bolts. So what if the drivers have chauffeur licenses? They drive like maniacs because time is money. They want to get you out of their car and get their tips as fast as possible so that they can get the next tip. Those cab drivers pay $40k/year to lease a cab. The cab company has to pay for dispatch, a garage, and mechanics. But technology has made it so that all of those things are unnecessary. No industry stays around forever, and it seems that Uber has found a better way to transport people from point A to point B. Cab drivers themselves are better off ditching their $40k leases and becoming Uber drivers.
     
  11. chapped

    chapped Well-Known Member

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    yea sucks for the Taxi Industry same way that machines cost assembly line workers their jobs progress is a bitch...... I will still op for a Taxi at this point out of old habits but
    here is the thing.. there is NOTHING stopping a taxi cab driver from going UBER himself.. its not like a need for 'cab' service will ever go away
    its the old model that is fucked
     
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  12. lilbuddy67

    lilbuddy67 A man with breath-taking anger management issues Banned User

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    GOOD!
     
  13. Rockside7

    Rockside7 VIP Extreme Gold

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    Woah!
     
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  14. King Chris

    King Chris Well-Known Member

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    Just wait till self driving cars kills both industries.
     
  15. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    “In the meantime, however, a catastrophe is unfolding, as an entire industry continues to be illegally destroyed, while elected officials allow it to happen on their watch,” their lawyer Todd Higgins said in a statement that apparently referred to defendants Mayor Bill de Blasio and Attorney General Eric Schneiderman. “It is a stunning abdication of leadership and responsibility that will haunt New York City for years to come.”

    the judge ruled it is legal, so the lawyer is lying. anything he says that follows is therefore bs

    of course he is a lawyer so saying he is lying goes without saying.
     
  16. Snotty

    Snotty My Snothand be strong!!! VIP Gold

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    The Buggy Whip backers are bleeding for your Hack's......................
     
  17. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    not sure how that will happen: Uber is not succeeding because there is a lack of cars: there are plenty of cabs. it succeeds because its cars are better quality, better maintained, and its drivers are superior. basically the yellow cabs are plentiful and crud.
     
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  18. yaddc

    yaddc Well-Known Member

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  19. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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  20. Kool

    Kool Well-Known Member

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    No more smelly middle eastern motherfuckers!
     
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