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Why Is This Liberal Mayor Siding With Big Business Over His Own Residents? [Investor's Business Daily]

New York Times Company (The) (NYT) 
Last new york times company (the) earnings: 2/6 07:00 am Check Earnings Report
Crony Regulations: If he hasn't already, New York City Mayor Bill de Blasio will soon approve new rules aimed at Airbnb that will hurt everyday New Yorkers but benefit the big hotel industry. This is how government regulation almost always works. The bill, which the city council passed unanimously on Wednesday, will force internet services like Airbnb and Home Away to hand over the names and addresses of everyone who lists with those services. The council says the measure will help with the city's housing affordability problem. To hear them tell it, the reason rents are sky high in New York is because some people use Airbnb to rent out multiple units on a short-term basis to visitors, thereby keeping them off the market for residents. The truth is that this bill is the result of heavy lobbying by the hotel industry that sees Airbnb as a competitive threat, and so has been actively pushing state and local governments to step in and thwart them. Late last year, in fact, the New York Tim Show less Read more
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