Tag: Taxicabs and Taxicab Drivers

The Epic Rise and Hard Fall of New York’s Taxi King

Dec. 5, 2019 ImageEvgeny A. Freidman in his garage in Long Island City, Queens.Credit…Sasha Maslov The man known as the Taxi King arrived at his 2014 holiday party in a $384,000 Ferrari, wearing a custom Italian suit. He told the guests whom he had invited to an upscale Manhattan club — including executives, politicians and […]

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Navigating the New Pickup System at LAX

ImageTaxis and vehicles from Uber and Lyft entered the LAX-it centralized pickup area at Los Angeles International Airport on Tuesday.Credit…Patrick T. Fallon/Bloomberg Good morning. (If you don’t already get California Today by email, here’s the sign-up.) Few things unite Californians — or really anyone who’s ever been to LAX — quite like complaining about traffic […]

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Michael Cohen’s Ex-Partner Gets Probation After Turning on Him

ALBANY, N.Y. — When federal prosecutors unveiled charges last year against Michael Cohen, President Trump’s former lawyer, they accused him of hiding more than $1.3 million in income he received from a man identified only as Taxi-Operator 2. On Wednesday, that man, Evgeny A. Freidman, who was a business partner of Mr. Cohen and was […]

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How New York’s Taxi Titans Roiled Cities Hundreds of Miles Away

Weather: Mostly cloudy and windy, with highs in the mid-70s. Showers are likely after 5 p.m. Alternate-side parking: In effect until Wednesday (Yom Kippur). ImageCreditAlyssa Schukar for The New York Times In the early 2000s, a group of New Yorkers did something unexpected. They bought a bunch of taxi medallions that allowed them to own […]

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‘Feeding Frenzy’: How New Yorkers Plundered the Chicago Taxi Trade

Oct. 4, 2019 Image In the fall of 2006, Chicago held an auction to sell taxi medallions, the permits that let people own and operate cabs. Hundreds of bids poured in, including some offering to pay much more than expected. The city raised millions of dollars. Officials declared the sale a success. But there was […]

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Ocasio-Cortez Calls for Bailout for Taxi Drivers

[What you need to know to start the day: Get New York Today in your inbox.] Representative Alexandria Ocasio-Cortez is calling for a government bailout for New York taxi drivers, emerging as the most prominent voice to back a financial rescue plan for thousands of drivers who were channeled into exploitative loans. Ms. Ocasio-Cortez, a […]

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De Blasio’s Back: Here Are 6 Major Problems He’s Facing

[Read more about the mayor’s decision on Friday to end his bid for the Oval Office.] After five months of a presidential campaign that generated more shrugs than buzz, Mayor Bill de Blasio announced on Friday that he would end his candidacy and focus on his full-time job running New York City. The clock is […]

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Reckless Loans Devastated Taxi Drivers. Now Prosecutors Are Investigating.

Federal prosecutors in Manhattan have opened an investigation into possible lending fraud in the New York City taxi industry, the most significant action taken so far in response to widespread practices that trapped thousands of cabdrivers under crushing debt, according to people with knowledge of the inquiry. In the past month, agents have interviewed cabdrivers […]

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Inside India’s Messy Electric Vehicle Revolution

A million electric rickshaws sprang up out of nowhere and are now being used by 60 million people a day. The government and vehicle makers are struggling to catch up. Credit Photographs and Video by Saumya Khandelwal By Vindu Goel and Karan Deep Singh Aug. 22, 2019 NEW DELHI — It’s the morning rush hour […]

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A Super Bowl Trip, a Bribery Indictment and the Taxi Industry’s Corruption

[What you need to know to start the day: Get New York Today in your inbox.] For decades, Alan S. Kaufman and Tony Georgiton held immense power in New York City’s taxi industry. Mr. Kaufman led a major credit union that lent money to thousands of drivers. Mr. Georgiton co-owned a fleet that operated 550 […]

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What We Know About the Jeffrey Epstein Sex Abuse Case

Weather: Sunny most of the day, with a high near 89. Temperatures will drop to 71 by tonight. Alternate-side parking: In effect until Aug. 11. ImageGeoffrey S. Berman, the United States attorney in Manhattan.CreditJason Szenes/EPA, via Shutterstock Some of the nude and partly nude images were found inside a locked safe. There were also CDs […]

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What We Know About the Jeffrey Epstein Charges

Weather: Sunny most of the day, with a high near 89. Temperatures will drop to 71 by tonight. Alternate-side parking: In effect until Aug. 11. ImageGeoffrey S. Berman, the United States attorney in Manhattan.CreditJason Szenes/EPA, via Shutterstock Some of the nude and partly nude images were found inside a locked safe. There were also CDs […]

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A Bailout for Taxi Drivers? The Mayor Says No, but Others Keep Pushing

After it emerged that thousands of taxi drivers had been lured into reckless loans that left them with overwhelming debt, city leaders took steps to keep it from happening again. They have begun enforcement proceedings against brokers who arranged the loans, arrested a debt collector, strengthened oversight and written new rules. But there is one […]

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Taxi Officials Are Grilled Over Lending Crisis: ‘This Is a Moral Outrage’

[What you need to know to start the day: Get New York Today in your inbox.] The New York City Council excoriated the city officials who oversee the taxi industry on Monday, blaming them for a financial crisis that has ruined drivers and releasing a document that lawmakers said showed the officials knew for years […]

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‘Notorious B.I.G.’ Way and 8 Other Public Spaces Named for Rappers

Weather: Grab an umbrella! Rain all day, easing in the afternoon. High in the low to mid-60s. Alternate-side parking: In effect until July 4. ImageThe rapper Lil’ Kim speaking at the ceremony announcing Christopher “Notorious B.I.G.” Wallace Way in Brooklyn.CreditShannon Stapleton/Reuters This week, Mr. Wallace, who was killed in 1997, got another honor: Fulton Street […]

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Facing Ruin, Taxi Drivers to Get $10 Million Break and Loan Safeguards

[What you need to know to start the day: Get New York Today in your inbox.] For more than a decade, the New York City agency that oversees the taxi industry stood by while thousands of cabdrivers became mired in reckless loans that saddled them with debt they could not afford and helped lead to […]

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How NYC Taxi Drivers Bought Medallions and Became Victims of a Reckless Lending Scheme

Episode 2: The Myth of the Medallion Producer/Director Suzanne Hillinger How does a New York City taxi driver who makes about $22,000 a year get a loan for almost $1 million? Our reporters investigating the taxi industry for “The Weekly” found that a group of under-regulated industry leaders created a financial bubble in the market […]

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