"When New York’s Taxi and Limousine Commission held a public hearing last week to consider whether to raise taxi fares by 20 percent, cabdrivers pled poverty and passengers argued that fares are too high. Paradoxically, both groups were right." - Slate: The taxi medallion system in New York and other cities raises fares, impoverishes drivers, and hurts passengers. So why can’t we get rid of it?
World Memory Champion Ben Pridmore can memorize a deck of playing cards in under 30 seconds. Sometimes he imagines elaborate, on-the-fly tales of absurdity to aid his memorization. One such story was brought to life by DJ Shadow (way previously) and a cast of thousands: Scale It Back (bonus, helpful recall of entire story at end of video)
Last month, The Atlantic reported that since 1980s, the price of a metallic NYC taxi license has grown four-times faster than the average home or a brick of gold, claiming it to be a wonderful "inflation hedge." This report proved prescient; on Friday two such medallions (which merely represent the taxi's license) just sold for $1 million apiece — a 42% increase just since August. Also on Friday, mere hours after reading the newsstand headlines, Midtown Manhattan resident Tom Poteat looked down to see a medallion, unattached to its taxi, lying on the sidewalk.
No Time For Cold Feet In the land of 10,000 lakes... 10,000 people dig for $10,000 buried in the snow. The 117th Saint Paul Winter Carnival is under way -- it's day 11 of the medallion hunt and it hasn't been found yet! The modern medallion is made of translucent blue lucite and is approximately two inches in diameter and one-half inch thick. It's hidden somewhere (on public land) in Ramsey County, which covers over 140 square miles. Here are this year's clues. Who says Minnesota isn't fun in January? Past medallion locations!