The New Economy
10

The Uber Bomb Detonates in New York

Have you been in a New York cab recently? Sometimes prompted but more often not, drivers will want to talk to you about Uber. If you're in a yellow cab or a livery car, you will hear about Uber the virus, Uber the interloper, Uber the merciless invader; if you're in an Uber cab, or an Uber-adjacent green taxi, you'll hear about Uber the inevitable, Uber the strange, Uber the great (for now). It's been a boom time for untethered drivers—a magical stretch during which they could take advantage of high fares, high demand, and low barriers to entry all at once. It was acknowledged, rarely explicitly, that the arrangement [...]

100

"My family is eating stir-fried dandelions out of yards to keep from starving."

What are we to do about the disgusting plan to keep America's unemployment high? Since we're not marching on Washington, the right and the left aren't unifying on this issue on which we both agree and basically no one in the business world cares in the slightest, all we can do is create a few jobs ourselves and also keep putting out there what's really happening, which Yahoo!'s The Lookout is doing admirably. They've created a Tumblr where people tell their stories—lots of people. They got thousands of letters when they asked people to tell them what's really going on. You could just start here at the [...]

7

"Groupon is Essentially Holding a Portfolio of Loans Backed by the Receivables of Small Businesses."

"I strongly encourage every business that is about to go under to call Groupon. It makes total financial sense—as a Hail Mary play. If you’re lucky, the upfront cash will be enough to help you stay afloat. If not, well, you were already going out of business." —The latest GroupOn takedown—one of dozens!—is intriguing.