News

  • How New York Taxi Drivers Got Mired in Debt 22 May 2019 18:29 International Herald Tribune To the Editor: “Driven to Despair,” by Brian M. Rosenthal (“Taken for a Ride” series, front page, May 19), is both shocking and significant. It explains how medallion brokers and unscrupulous bank loan sharks have for personal profit put many thousands of …
  • Mexico courts big banks; New York eyes taxi lenders 21 May 2019 12:34 Americanbanker Receiving Wide Coverage ... Debt fret Federal Reserve Chair Jerome Powell Monday “joined a growing list of policy makers and other commentators warning about potential excesses in business debt” and said “financial regulators must take seriously potential …
  • New York’s top lawyer launches inquiry into reckless taxi loans 21 May 2019 08:55 BD News 24 The efforts marked the government’s first steps toward addressing a crisis that has engulfed the city’s yellow cab industry. They came a day after The New York Times published a two-part investigation revealing that a handful of taxi industry leaders …
  • New York’s Attorney General Opens Inquiry Into Reckless Loans to Immigrant Taxi Drivers 20 May 2019 23:54 The New York Times “Today I ordered a joint investigation by the Taxi and Limousine Commission, Department of Finance and Department of Consumer Affairs into predatory practices by brokers in the taxi industry,” the mayor said in a statement. “The 45-day review will identify …
  • Blade helicopter ride-share taxi crashes in New York 15 May 2019 23:18 Cnet The helicopter is pulled out of the Hudson River Drew Angerer / Getty Images One of a fleet of helicopters being used as part of Blade's ride-sharing service was been forced to make an emergency landing in the Hudson River in New York on Wednesday …
  • Pedestrian Consequences of New York City Taxi Accidents 11 Mar 2019 15:24 Justice News Flash New York, NY, USA, 02/01/2019 / Story.KISSPR.com / Manhattan, New York / February 1, 2019 / — When people think of yellow taxi cabs, they typically picture New York City, where you can hardly look out the window without seeing the …
  • British tourist whose leg was amputated after a taxi crashed into her in New York will receive $150K 03 Feb 2019 22:27 Charleston Daily Mail A British tourist who had her leg amputated after an out-of-control taxi crashed into her while on vacation in New York City in 2013 has been awarded just $150,000 from her lawsuit against the cab driver. Model Sian Green, who was then 23, had to have her …
  • Judge approves congestion pricing for New York City taxi, Uber and Lyft rides 01 Feb 2019 20:01 KSRO nycshooter/iStock nycshooter/iStock(NEW YORK) — Getting around the nation’s largest city is getting more expensive. A judge in New York cleared the way for a $2.50 surcharge to be added to a taxi fare. An extra $2.75 will be added to the cost of …
  • Pedestrian Consequences of New York City Taxi Accidents 01 Feb 2019 19:36 Tradingcharts.com Feb 01, 2019 (KISSPR.com via COMTEX) -- Manhattan, New York / February 1, 2019 / -- When people think of yellow taxi cabs, they typically picture New York City, where you can hardly look out the window without seeing the brightly colored vehicles. …
  • Head of New York City taxi commission leaving after 5 years 05 Jan 2019 23:58 News Observer The leader of New York City's Taxi and Limousine Commission is leaving after five years in the position. Democratic Mayor Bill de Blasio announced Saturday that TLC Chairwoman Meera Joshi will step down in March. He said a replacement will be chosen in …
  • Taxi drivers rally for congestion pricing exemption in New York City 19 Dec 2018 19:22 WABC NEW YORK (WABC) -- Taxi drivers are rallying outside of Governor Andrew Cuomo's New York City Office on Wednesday, calling for yellow and green cabs to be exempt from congestion pricing in Manhattan. The fee is scheduled to go in effect in January for …
  • New York City taxi board sets minimum pay for app-based drivers 06 Dec 2018 03:33 WABC NEW YORK -- New York City taxi regulators approved new pay standards for app-based car services Tuesday that they say will raise drivers' annual earnings by $10,000 a year, making it the first U.S. city to set such minimum pay standards. The city's …
  • Why Are Taxi Drivers in New York Killing Themselves? 02 Dec 2018 17:07 The New York Times A taxi driver named Roy Kim recently became the eighth professional driver to die by suicide in New York over the last year. The city’s taxi commissioner, Meera Joshi, has characterized the deaths as an epidemic. The stories have drawn attention to the …
  • Death of driver in Queens is 8th New York City taxi industry suicide in 2018 15 Nov 2018 10:41 WABC NEW YORK (WABC) -- The New York City Medical Examiner has determined that the death of a cab driver in Queens earlier this month was by hanging, making him the eighth driver to die by suicide this year. 58-year-old Roy Kim hanged himself with a belt in his …
  • New York City waives taxi owner fees amid suicides,... 29 Oct 2018 16:40 Charleston Daily Mail By Associated Press Published: 11:23 EDT, 29 October 2018 | Updated: 11:37 EDT, 29 October 2018 NEW YORK (AP) - New York City is waiving nearly $20 million in fees owed by taxi cab owners in an effort to ease their financial burden after a string of driver …
  • New York City waives taxi owner fees amid suicides, hardship 29 Oct 2018 15:53 Seattle Times NEW YORK (AP) — New York City is waiving nearly $20 million in fees owed by taxi cab owners in an effort to ease their financial burden after a string of driver suicides. Taxi and Limousine Commissioner Meera Joshi tells Monday’s New York Post that it’s …
  • Hedge Fund Bets on Beaten-Up New York Taxi Business 14 Oct 2018 23:27 wsj.com Vulture investors are circling the beleaguered New York City taxi-cab industry. Hedge funds that specialize in distressed investing have been kicking the tires of the New York taxi market after prices for medallions plummeted in the face of competition …
  • Uber driver's death is 7th New York City taxi industry suicide in 2018 07 Oct 2018 12:32 WABC NEW YORK -- An Uber driver who jumped in front of a New York City subway train last month was at least the seventh professional driver to die by suicide in the city this year, and advocates say the death points to continuing hardships faced by drivers …
  • Mum who lost her Radley purse in a New York taxi thought she'd never see it again but a kind stranger had other ideas 28 Aug 2018 16:59 Liverpool Echo A kind stranger who found a Liverpool woman's lost purse in a New York taxi managed to track her down using careers website LinkedIn. Sarah Hodgson said she was "gutted" when she realised the treasured item - a leaving gift from her last job …
  • New York City moves to revoke Michael Cohen's taxi medallions 23 Aug 2018 18:36 CBS News New York City is giving President Trump's former attorney and fixer Michael Cohen a chance to divest his 10 city taxi cab medallions, which are needed to own and operate the city's iconic yellow cabs. If Cohen doesn't divest his stake in the …