Dec 15, 2018 - Economy & Business

Surge pricing may be coming to restaurants

A restaurant in France. Photo: Romain Lafabregue/AFP/Getty Images

The future of dining could include surge pricing. "Online reservation systems will soon allow diners to finish their meal and leave without whipping out a credit card," by paying in advance based on dynamic pricing, Bloomberg reports.

Details: Nick Kokonas, co-owner of culinary reservation system Tock, said that rather than create culinary gimmicks with artificially inflated prices to make ends meet, restaurants should introduce “surge pricing” like that offered by Uber and Lyft. Meals would rise and fall in price based on the demand in the reservation system.

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Photo: Drew Angerer/Getty Images

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Lawmakers demand answers from World Bank on Xinjiang loan

Illustration: Sarah Grillo/Axios

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Why it matters: The Chinese government is currently waging a campaign of cultural and demographic genocide against ethnic minorities in Xinjiang, in northwest China. The lawmakers contend that the recipients of the loans may be complicit in that repression.

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