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Despite stalled growth in China, Brazil and Russia, a wave of newly middle-class travelers from the BRICs and beyond will start visiting international destinations in the coming decades — dwarfing the numbers we’ve seen thus far.
The taxi hailing/ridesharing legislation revolution is spreading from D.C. to New York and now back to where it all began. San Francisco will likely change the rules to allow for the new companies or institute a trial run like in New York.
State authorities will begin a formal investigation into how to regulate ride-sharing companies such as Lyft, Sidecar and Uber — an inquiry that could eventually legitimize the controversial businesses.
For the past two years, the California Public Utilities Commission has struggled to provide oversight of the burgeoning industry…The commission has issued cease-and-desist orders to the startups and levied fines of $20,000 apiece.
On Thursday, the commission opened an order instituting rule-making, a formal investigation that will explore aspects of ride-sharing, technological innovations, safety, insurance and jurisdiction over the companies. In six months, the commission anticipates a proposed decision on how to regulate the companies.