Until recently, taxi medallions have been a lucrative and secure investment in the U.S., increasing 500-700% since 2000
, and 1000% since 1980
. The taxi medallions are big business, with many single-medallion owner operators, but most medallions are concentrated in a small number of hands. In Chicago, the majority of its 6800 taxi medallions are owned by less than 200 entities. In Boston, 49% of all medallions are owned by just 51 entities. [more inside]
posted by Atrahasis
on Jul 9, 2014 -
Dave Eggers takes a Long Ride To Riyadh
In any case, it’s a result of a gradual evolution. When I first travelled, I was naive, sloppy, wide-eyed, and nothing happened to me. That’s probably where the dumb luck came in. Then I began to read the guidebooks, the State Department warnings, the endless elucidation of national norms, cultural cues and insults and regional dangers, and I became wary, careful, savvy. I kept my money taped inside my shoe, or strapped to my stomach. I took any kind of precaution, believing that the people of this area did this, and the people of that province did that. But then, finally, I realised no one of any region did anything I have ever expected them to do, much less anything the guidebooks said they would. Instead, they behaved as everyone behaves, which is to say they behave as individuals of damnably infinite possibility. Anyone could do anything, in theory, but most of the time everyone everywhere acts with plain bedrock decency, helping where help is needed, guiding where guidance is necessary. It’s almost weird.
posted by the man of twists and turns
on May 14, 2014 -
What does the yellow light mean?"
"What... does... the... yellow... light... mean?"
"Whaaaaaat... dooooeeees... theeeee... yeeeelllllllllllooowwww... liiiiight... meeeeeeaaaaan?"
"Whaaaaaaaaaaaaaaaaaaaaat…." [more inside]
posted by zarq
on Apr 11, 2014 -
Movin' On Up:
A skewed history of New York City as depicted by the opening themes of 1970s TV shows
posted by scody
on Aug 23, 2013 -
The Cabbie v. the Morgan Stanley Executive
"Those of you who have any degree of contact with the financial blogosphere no doubt caught the news today that one William Bryan Jennings, the co-head of fixed income for the Americas for Morgan Stanley, was arrested and charged with second-degree assault, theft of services and intimidation by bias or bigotry and released on bail of $9,500. He has been put on leave." [Via
posted by marienbad
on Mar 3, 2012 -
"Piloting London’s distinctive black cabs (taxis to everyone else) is no easy feat. To earn the privilege, drivers have to pass an intense intellectual ordeal, known charmingly as The Knowledge
. Ever since 1865, they’ve had to memorise the location of every street within six miles of Charing Cross – all 25,000 of the capital’s arteries, veins and capillaries. They also need to know the locations of 20,000 landmarks – museums, police stations, theatres, clubs, and more – and 320 routes that connect everything up." Acquiring The Knowledge changes the brains
of those who acquire it.
posted by vidur
on Dec 8, 2011 -
traces San Francisco's taxi cabs as they travel throughout the Bay Area. The patterns traced by each cab create a living and always-changing map of city life. This map hints at economic, social, and cultural trends that are otherwise invisible."
posted by vacapinta
on Apr 6, 2006 -
"London Calling" sparks terror fear in cab driver.
Newsfilter: "British anti-terrorism detectives escorted a man from a plane after a taxi driver had earlier become suspicious when he started singing along to a track by punk band The Clash, police said Wednesday.
Detectives halted the London-bound flight at Durham Tees Valley Airport in northern England and Harraj Mann, 24, was taken off.
"The taxi driver had become worried on the way to the airport because Mann had been singing along to The Clash's 1979 anthem "London Calling," which features the lyrics "Now war is declared -- and battle come down" while other lines warn of a "meltdown expected."
Also reported here
, where we learn this is not the first Clash-related terror scare
Joe Strummer is looking down and laughing
, not least because it wasn't terror song Spanish Bombs
posted by magpie68
on Apr 5, 2006 -
Why Skype-eBay was the Worst Kept Secret On Wall Street.
The traders on Wall Street knew way before the “tech crowd” that the acquisition was a foregone conclusion by Thursday closing. The leak might have come from a cabbie in New York who overheard the eBay Executives. And you thought they didn’t understand english….
posted by snark9
on Oct 3, 2005 -