A Quote by Barry Ritholtz

In New York, the former lack of real competition allowed taxis to extract excessive charges, regardless of the poor service. — © Barry Ritholtz
In New York, the former lack of real competition allowed taxis to extract excessive charges, regardless of the poor service.
In 1984, the Federal Trade Commission released a report that explained why taxis could charge customers exorbitant prices for dismal service. The simple reason, according to the 176-page study: lack of competition in the market. The culprit: local governments.
NASA is developing space taxis to shuttle astronauts to the International Space Station. And just like New York taxis, they're all going to be driven by aliens.
I miss the noise in New York: the sound of taxis and that constant buzz the city has.
New York City is still the art capital - every time I'm in New York, I'm thinking about competition.
Chicago seems to follow New York, and coming from New York and being in real estate, I worry about things happening in Chicago that have happened in New York. I've seen a great city like New York go downhill. It has a wonderful financial downtown, but the rest of the city is not very nice.
It's been so overwhelming, the people in New York. That's why they call New York, New York - because they care about things and know real situations. My love for the fans, it's mouth-dropping.
As long as Rupert Murdoch has owned it, the 'New York Post' has been defined by its shamelessness and total lack of interest in taking responsibility for its worst errors and poor judgment.
The New York Times Bestseller 'The Amateur,' written by Ed Klein, former editor of the 'New York Times Magazine,' is one of the best books I've read.
Every single wave, when I was overwhelmed and poor and struggling in New York, there were these extraordinary people in New York who said, 'Come this way.'
CAIR officials or former officials have been arrested on charges related to terrorism yet all it offers is silence and stonewalling in discussing what are its real motives.
The essence of capitalism is expressed in two of its basic features: a) profit maximization and b) market competition. In their abstract formulations none of them was supposed to have anything conspiratorial against the poor. But in real life they turn out to be the "killers" of the poor - by making rich the richer and poor the poorer.
Anti-gun groups, most of which are funded by former New York Mayor Michael Bloomberg, have done little to promote or fund real gun safety programs.
Transportation is an essential part of our lives, and in New York City where driving is not a viable option most of the time, public transportation and taxis are the only way to get around.
It's really hard to be poor in New York - I was really poor when I lived in New York.
When the government picked companies and gave them monopoly rights to frequencies in San Francisco and Los Angeles and New York and Chicago, it was picking the winners of the competition; it wasn't setting the terms of the competition.
It seems always to have been difficult to have been a New York Philharmonic conductor because of the nature of New York. We are in direct competition with the great orchestras in the world who come to play in our hall or in Carnegie, and we are constantly compared. I think that 's a good thing.
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