Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Avis Budget

Market Insanity

Uber Seeks another $1 to 2 Billion

Uber might have pulled out of Eugene to avoid a repeat of the disaster that occurred in Nevada. The Nevada Transportation Authority impounded at least 15 Uber drivers’ cars between October 23 and October 30, The Reno Gazette Journal reported. The Authority seized the vehicles because it and the state’s attorney general believe Uber violates the state’s taxi cab regulations. Nevada Attorney General Catherine Cortez Masto asked for a restraining order to keep the service out. District Court Judge James Russell ruled that Uber is legal, which foreshadows a nasty court battle for the service’s future in the Silver State.

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