caption Uber car service on the streets of New York source shutterstock/MikeDotta The New York City Council just voted 36-6 to require ride-hailing apps like Uber and Lyft to pay their drivers minimum wage, and will prohibit them from hiring new employees for a year. The year-long halt on new driver hires will go into effect 120 days after the bill becomes a law. Uber was also recently required to classify NYC drivers as employees, rather than independent contractors, after the New York Unemployment Insurance Board ruled that Uber must provide unemployment benefits. Councilmember Adrienne Adams said that 85% of ride-hailing drivers currently earn less than minimum wage. In a blow against Uber, Lyft, and other popular and fast-growing ride-hailing apps, the New York City Council just voted 36-6 to require ride-hailing services to pay their drivers minimum wage, and to halt all new driver hires for a year, Outline reports. The council met … [Read more...] about New York City just voted to cap the number of Uber and Lyft drivers and will enforce a minimum wage for drivers
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There’s a new Boss in Indy Lights racing
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By Mark Zwolinski Sports Reporter Sat., July 14, 2018 There is an ease to the way George Steinbrenner IV and Colton Herta interact and it’s one of the reasons behind the rapid rise of the Steinbrenner Racing team, which entered Honda Indy Toronto weekend as a favourite in the Indy Lights races at Exhibition Place. The 22-year-old grandson of legendary New York Yankees owner George Steinbrenner teamed up with the 18-year-old son of former IndyCar star Bryan Herta to form one of the youngest and winningest teams on the circuit, one rung below IndyCar. In just their second full season, they led the series points standings heading into Saturday’s first of two races and Herta qualified fastest, but suffered a hairline thumb fracture during the session after his car slid into a concrete barrier wall. Miss the race? Not a chance. Herta was running second on the 15th of 35 laps, but on lap 22 his car slammed into a wall coming out of turn nine. “We … [Read more...] about There’s a new Boss in Indy Lights racing
New M5 most powerful BMW saloon in M’sia
BMW Group Malaysia recently introduced the new BMW M5 during the BMW M Track Experience 2018 at the Sepang International Circuit (SIC). It is available at all authorised BMW dealerships nationwide from tomorrow. The new M5 already has several accolades to its name – most notable is “World Performance Car 2018” at the 2018 New York International Motor Show, making the win the seventh time BMW has received a World Car Award from the “World Car of the Year” organisation. For the first time, the new M5 powers through to new territory with the M xDrive all-wheel drive system with various modes customisable to suit the driver’s needs. The various M xDrive modes (4WD, 4WD Sport, 2WD) take the M5’s driving dynamics to a whole new level. The 2WD mode even switches the car to rear-wheel drive for the ultimate driving experience. With a made of aluminium and a roof from extremely lightweight, high-strength carbon fibre-reinforced plastic (CFRP), the M5 is … [Read more...] about New M5 most powerful BMW saloon in M’sia
Uber’s fatal self-driving car accident is the reason why we don’t let companies make their own rules
The fatal accident last week involving an Uber self-driving car shows the shortcomings of leaving it up to corporations to regulate themselves. Arizona, where the accident happened, had few rules governing autonomous-car testing, allowing Uber and other operators to make up their own rules. That approach was problematic, particularly in the case of Uber, because the company has a long history of flouting rules, laws, and norms. What’s more, reports indicate that the company’s self-driving car’s main sensor had known blind spots and the company was pushing ahead with its program, despite reliability problems with its autonomous system. Since at least the time of Ronald Reagan, it’s been a popular thing to complain about the government’s regulation of businesses. With the mantra that regulations stymie business, innovation, and the broader economy, … [Read more...] about Uber’s fatal self-driving car accident is the reason why we don’t let companies make their own rules
Daymond John reveals how he started a $350 million business out of his mom’s house, became a ‘Shark Tank’ star, and gained a new perspective after beating cancer
Daymond John grew his clothing line FUBU from a few sewing machines in his mother’s house into a $350 million company. In 2009 he became one of the original celebrity investors on the hit TV show “Shark Tank.” He’s invested millions in a variety of companies, written books, and opened a coworking space in Manhattan. His newest title, “Rise and Grind,” looks at examples of people who succeeded despite the odds. Daymond John grew up in Queens, New York, where he dreamed of making clothes for the coolest, most famous rappers. That dream became a reality in the 1990s when FUBU became one of hip-hop’s hottest brands. He started off with nothing, turning his mom’s house into a factory, using graffiti as marketing, and talking his way on to the sets of music videos. John built FUBU into a global brand that brought in $350 million in annual sales at its peak. In … [Read more...] about Daymond John reveals how he started a $350 million business out of his mom’s house, became a ‘Shark Tank’ star, and gained a new perspective after beating cancer