Thursday, April 18, 2024
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No fare! NYC cabbies face uncertain future

For many yellow cab drivers, owning a New York City taxi medallion was seen as a road to success, as the value of the special license rose dramatically. But since the taxi medallion bubble burst in 2015, drivers have been drowning in financial debt. Special contributor Ted Koppel reports on how the pandemic could mark the end of an industry, and an urban icon. Source

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