In order to own a cab in New York, you need a medallion – a metal shield that is literally attached to the vehicle’s hood. There are a fixed number of these medallions issued by The New York City Taxi and Limousine Commission (TLC).
Owning a Taxi Medallion used to be the dream for taxi drivers. It made you an entrepreneur and it was a solid financial investment.
Until recently, medallions were a great achievement and a good thing to have. In 2013, medallions were going for $1 million.
But owners of these prized medallions are now filing a lawsuit against New York City regulators, claiming that their business has been destroyed by their decision to allow companies such as Uber to compete using “E-hail” services.
The story of Harbir Batth is becoming a common one among taxi drivers. Batth is from India and has been driving a taxi for more than 20 years. He built his life around driving a taxi.
Three years ago, Batth was able to finally purchase a medallion. At the time, he thought it was something that would eventually pay for his retirement. But now, buying that medallion is one of his biggest regrets and his dream of owning a medallion has turned into a nightmare.
That is because historically, only taxis with medallions were permitted to pick up passengers in response to a street hail. But nowadays, companies without medallions, like Uber and Lyft, are able to compete for their business.
Batth says his income has been cut almost in half since the emergence of Uber in the New York City area. He would like to sell his medallion, but now buyers are so scarce, there is a waiting list to sell. This means he will continue to make payments on his medallion, while earning less because of the unfair competition.
According to the lawsuit, the number of Uber rides in the core of Manhattan between April and June 2015 increased by 3.82 million. On the flip side, the number of rides picked up by a medallion cab fell by 3.83 million. This, in turn, has driven down the value of the medallion.
The sudden drop in medallion values has created a financial hardship for taxi drivers. In order to purchase the medallions, people would take out specialized loans. But these loans were only good for a few years and they would need to continue to keep taking out new loans when time expired. This was easy to do when the value of the medallion remained steady or went up.
One of the suit plaintiffs, White & Blue Group, manages fleets of licensed taxicabs by leasing out the medallions. They have seen its monthly leasing income drop by 50% in the past year. Since many of the taxicab drivers have left the industry to drive for Uber instead, this has left a graveyard of empty taxicabs in New York City.
Another plaintiff in the suit is the large number of credit unions that give loans based on medallions. One credit union has 628 medallion loans that totals close to $138 million.
By Samantha
YellowCabNYCTaxi.com Staff Writer
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Medallion owner sue in a last ditch effort to stop unlimited uber takeover of new york.
Good luck
Judge will toss this one too. Should have thought to stop UBER the moment they stepped foot into NYC… but everyone was “too big to fail”.
Uber started in NYC as a “ride-sharing” operation BUT in reality it was doing street hails with an electronic device (an E-Hail) which is a taxicab right that taxis have paid City for.
Nothing about Uber’s operations in NYC was “ride-sharing”.
TLC failed to see through this misrepresentation and deception, and then failed to regulate Uber.
There are City of New York laws and regulations available even on the Internet that unquestionably set that Uber’s E-hail is a violation of taxi rights. You don’t have to be a judge to get to this conclusion. The language is trivial and what Uber is doing here in New York City is illegal.
Get OUT of NYC Uber Whores
PA. Judge Imposes $ 50 Million Dollar Fine to UberSluts in PA…..
NYC…..Judges Shall FOLLOW The Law Unless They Want To Be Indicted ….For Failure To Impose SAME FINES….In NYC….It Should BE A Minimum $ 250 Million…..Will Surge pricing HELP You NOW…????
Uber fines in nyc not going to happen. All politicians payed.
Politicians who voice their support of law-breaking Uber must be arrested. They have already caused hundreds of millions of dollars losses to the City of New York and its residents. This has nothing to do with “innovation” or “technology” simply because taxi smartphone apps existed long before Uber was founded. There are dozens / hundreds of taxi apps – open your iPhone App Store and see for yourself.
taxi kingpin got the beat down. Uber money bought ny law makers. There is No turn around from this level of competition. Individual owners are screwed. Owners who’s number is on the accessible list are total fukd! Worthless tins!
Suit not strong enough on point exclusivity is paid for.
Alo sod name those past regulators who jumped ship and are now working for Uberites.
It doesn’t sound strong enough that exclusivity was sold and bought, but now “withdrawn,” buy back those medallions – and name those Ass weenie, etc, all those who now on Uber payroll.
At th end talking about equal rights, may be some claim, but the exclusivity WAS SOLD and city had right to sell i t. Regulators and city cannot double-sell the exclusivity. If all you want is equality you letting Uberites in.
It should have been laid out in clear, clear terms that a monstrous number of Ubers trolling the city with no work are without doubt gypsy cabs, who will take anyone. What wouldl 50,000 Ubers with no work do on the streets, other than clog?
Be hopeful, but don’t let attorneys drag it out for fees.
terrorists = smart capable men who are denied jobs
commensurate w/talents
What is the status of Parisian taxi drivers versus Uber types?
Fare box continues to decline. Time for exit strategy. I’ll take what I can get and be happy before my number comes up and I’m forced to be accessible aka worthless tin.
Wages are going down this time? Something is seriously wrong in the taxi business.
When was the last time anyone had a Hoboken, Jersey City or any ot trip? I haven’t been to NJ in months. Even JFKs are drying up.
Criminals ,destroying drivers life in america both brokers and uber f^*ck your jobs blood suckers
City sold us exclusive rights to hail that include hail using electronic devices. Why is Uber still allowed to operate in NYC?
Judge Weiss himself said Uber e-hail that is NOT-prearranged and is “immediate’. STOP UBER IMMEDIATELY. WTF is going on ???
Is it as simple as 2×2 = 4 !
Take all Joshi and Fromberg Uber cronies out off TLC! These lying weasels have no idea what they are doing.
A Friday Night driver is TRULY a taxi WARRIOR. Keep that
motor running….that’s the hook, challenging and exciting, or it used to be
before we were smothered with greens and black suburbans. No one can see past those GIANT GYPSIES.
Ya, it’s true. Exclusive taxi rights included street hail
and e-hail apps.
But we know the brainless babies scream: Wah, Wah, We want yogurt, we want yogurt, we want yogurt — like Weiss, and all the rules we counted on went out the window.
Hate being in the game when suddenly all the rules change. Maybe we should just change some of our rules, take advantage of the melee.
Judge Is ON THE Take …FBI and DOJ and ATT General….Looky Look….
Taxis try to avoid Weiss because he is the world’s worst
taxi rider That why HE thinks no taxis around.
Sticks in my mind this one attorney who every day must have come out side door, when I was heading for the front where all the riders were hailing. At this busy time, he would grab the taxi first, out of sight of his co-workers. So he would attack the taxi by grabbing onto the door handle, and get himself in. Then he’d point where to go, in an obviously huge hurry. We’d go past his co-workers all still hailing, but when we got up to the next corner he’d see there was too much traffic and say he couldn’t wait, and just jump out, even though there was a small amount on the meter. Either that or he wanted a short ride he didn’t want to pay for.
Where he’d jump out, you could NOT get back to get any of those hailing riders because of the one-ways. Let’s just say that I made sure that attorney never got in my taxi again.
I’m thinking, for some reason Weiss is a worst-case rider who no taxi wants to pick up. They recognize him?
Got to be some reason Weiss dumping on the yellow industry. Or maybe he is just a cowardly weasel who cannot take a moral stand in the face of the criminal morass surrounding failure to shut down Ubers and demand a pre-arrangement of 1/2 hour and set an enforcement of it. Even a cowardly weasel can see that 40,000 extra trolling gypsies on the city roads is a dangerous, unsafe traffic situation.
Are you guys surprised how slow the taxi business these days? Honestly, are we getting close to homelessness?
Suing the first party, would that work?Seems to have in
other countries.
The suits against Uber seem to be third-party suits — sue a regulator, or political figure for action to shut down Uber under their rules and regs.
What about a first party suit, concurrent with the present suit against NYC? It seemed to work in, was it, South Korea? Its suit was against Uber the corporation and its top officers: Trav and CFO. Quick as a bunny Uber agreed to stay out of S.
Korea, and another country did it as well, I think.
Everyone scared by the $41 billion, but could be done. Some taxi interests have law degrees, maybe they would do it pro bono. Doesn’t Taxi King have a law degree and lawyers on staff? Why they don’t sue Uber directly? First party suit instead of suing third party to do something.
If first party suits against Uber began running all over the country, it has to have some effect.
Cabbie suits against Josh Mohrer, GM UberNYC,and
Meghan Joyce, GM UberBOS might work better.
For example, a group of cabbies who have tended to play a certain spot a certain
time, have found themselves increasingly smothered by Ubers without jobs, so far as to even get out their cars and approach the coming riders, singling out those with luggage, etc., this is a TORT against those cabbies. Seems to me, all the cabbies got to do is band together, take pictures of the license plates, the Uber drivers, and where they are, and take it to court, just that item. They should claim, we are being separated from our work by Ubers stationing themselves between us and our legitimate riders. Just one suit, from one group of drivers, and perhaps in the lowest tier court. Of course the suit will name Uber GM personally and corporately for letting these “partners” do it.
Soon these GMs will get tired of being named personally. As long as third-party suits go on, they are relatively unfettered, unbothered, just have to LOBBY the regulators.
Soon, thes
Anyone notice JOSH Mohrer GM UberNYC and MeeraJOSHi COMM
TLC? JOSH 7 JOSHI LLC sort of like Bonnie & Clyde.
Speaking of Josh & Joshi LLC, could Joshi be sued
personally for any act againt yellows?
Maybe by saying she tried Uber and liked it. In her position is she
supposed to be doing that? Was she even-handed by saying she likes
riding in yellow cabs?
Let the suits begin.
These are interesting ideas!
When riders waving hands ahead, I notice suddenly Suburbans pass
at hi speed/then slow in front.
This is a deliberate traffic menace. Speed to pass you, then slow down in front of you so they can stop at the curb and say “Are U waiting for Uber?” If u can get enough pics of it happening constantly, I’d think you could take those license plates to court, and find out they are Ubering too. Or u cld set up a sting, with a recording and pic of them doing it, saying it.
Could cabbies press a suit against a line of number plates lined up at the airport, never mind a third-party enforcement, just an action of them trying to steal your rightful business.
Got to try something different, third-party NOT working.
Waiting for those Sunday night new articles. Last week 3
of them! Oh, boy!
Ubers always slow down in front of me to block a passenger waving me down.
When u ask the 3rd party for enforcement of rules/regs,3rd
party says what u horsepower?
So the third parties you want to curb/shut down Ubers according to their rules, when they receive your ‘phone call,’ listen, hang up, and say what’s his (their) horsepower? Meaning I’ll do what I want, and what u goin ta do about it. They always been that way.
Goin direct to the tort feasor might accomplish more,…..like in see my (our) horsepower. Even if it’s a little power motor. A lot of them goin to start rattling the third parties whose job it is. and, as some commenter said,
maybe JOSH & JOSHI LLC will start to crumble & shake. Maybe………
Take tose Uber license plate pics for the first party suit.
You guys are dreaming and talking too much bs. Yellow taxi industry is finished, Joshi don’t give a f***. Too much competition, biz has turned to shit.
That attorney jumped out right in front of sleazy cellar
bar….now I think about it.
I’m wondering if the attorney was a functional alcoholic who didn’t want his
colleagues to see him dash to drink soon as he got out of work.
Plenty of upscale liquor establishments nearby where his colleagues might take
a client for food & drink. Not in a hole-in the wall ratty cellar bar. Might have been that.
accessible taxi fare prices for distance ,from your location to the address where u pickup the passenger :
1- 0 mile to 0.5 mile $10
2- 0.5 mile to 1 mile $15
3- 1 mile to 1.5 mile $20
4- 1.5 mile to 2 mile $25
5- 2 mile to 2.5 mile $30
6- 2.5 mile to 3 mile $35
GO ACCESSIBLE
Family, You’re the one who’s in a trance. Drivers have returned and San Francisco medallions are selling. It’s only a matter of time before they will be back on track in NY!
What the hell are you smoking? No financing is available! tlc still wants their inflated transfer tax above what medallions are selling for. Bank owned only ones able to sell now. Keep smoking the hopeum
Ramrod or b ramrodded, one or the other. How did life devolve to
this greed?
How do I find article NYstate regulators take over
Montauk Cred Union?
‘d like to review the article, and I know it’s on this site somewhere.
Thanks, any help appreciated.
Google it! It’s all over the internet
Family, bank owned sell to who? I can’t see anyone buying an individual. Its hard to see a fleet buying too. There is no confidence plus all the rules.I like the way unrestricted medallions have to buy wca. A real joke.
With uber, lyft and tlc all living in the the same building, its really finished. Thousands of new drivers added every month from a never ending pool.
Peter, some guys selling but on the cheap just to get out. If you own accessable medallion its unsellable. If your number is in the lottery its unsellable. TLC f***ed us good! All drivers making less money.
I have a 2013 so I have time. This will most likely be my last car. I can lease the medallion for $2,500 now so I hope in 2020 things will get better. If uber has to follow the same rules as us they are done. Just have to hope.
I can get a year extension since I got my cab before the new rule which they said was to give us more time. It gives the hybrids a year less since they got 7 anyway.
Im telling my passengers about way2 and arro. Most of them don’t know and they all like the idea and some download it during the trip. Spread the word.
Sheldon Silver found guilty on all 7 corruption charges.Took
$4 million in bribes.
40,000 Uber ride-sNares still slithering thru Manhattan,
smothering legal yellows.
The bigger they are, the harder they fall.
If judge treats u 2 good,& opponent bad,watch out.
Ur opponent goin win.
Judge wants to appear even-handed, wants u to think he treated you fairly, and didn’t really like your opponent, who he was planning to rule for ALL ALONG.
The more things change, the more they stay the same.
“immediate non-pre-arranged livery service” LMAO !!
What a loon.
His next ruling will be that elephants CAN fly !!
“immediate non-prearranged elephant flying apparatus”.
(because I’m a judge – and you do what I say – even if I am a total idiot twit).
I am yellow cab driver, and still driving yellow cab but I support Uber. Because uber bring respect to driver. before the taxi owner and garage always rule over driver. they are the responsible today’s situation. I am blessing to taxi owner and garage still some of driver like me driving yellow cab. I like to stay uber in city.
Sheldon Silver guilty says “self-serving & back-scratching”
politicians won’t be tolerated.
Someone from Preet’s officee was quoted as saying this after Sheldon Silver was convicted.
Will commune living in the Falchi Building be tolerated, communes are optimal for a lot of self-serving and back-scratching? Lyft, Uber, T-L-C: scratch-a-back, scratch-a-back, scratch-a-back!
If AT&T owns even a tiny bit of it, I don’t want any part of
it, period.
AT&T has purchased Direct TV. Let AT&T compartmentalization and computers get hold of anything and it can turn common sense into a MONSTER. IMO, a big asssembly of expertise delivering the mind-boggling worst in telecommunications.
“Uber bring respect to driver” LOL. Are you high ???
Get off your drugs.
This business is in the shiter! 200 in 8 hrs on a rainy day. Corrupt tlc and politicians must be exposed.
Looky look what happen in Chicago, took a yr but PD Chief&
mayor goin bye bye
ALBANY Corruption Fallout To BEGIN….Preet Has GOV. Under Scrutiny …..YOUR Time IS UP GOV….!!!….TLC Employees . Who JUMPED To UberWhores NEXT……
Joshi likes to ride a black uber
Pols start talking about danger of salt&carbon emissions to lift
they noses out of dirt.
Yup, when pols trip & fall slamming their noses in the dirt, they crawl to their knees and stand up, first words out of their mouths is something like ‘too much salt’ in restaurant chains, “new carbon emissions bill,” or miraculous new bill to raise ‘smoking’ age to 21.
All of NYC could be choking on Uber exhaust, but ‘table salt’ is the danger.
This is how they keep going without apology. The public knows this and it’s why candidates like Trump and Christie are so popular. At least they say what they think. They are not talking about (ha ha ha) table salt.
Not so fast, Chicago mayor not going down w/o fight.Refuses
to resign.
This is NO SURPRISE. Determined, he left D.C. to grab Chicago for himself.
Family, duz Joshi’s Black Uber have TINTED WINDOWS?
Dilemma: if we ban guns from terrorists, how we goingta protect
ourselves from police depts?
Seems pretty clear that as soon as the U.S. citizenry is gunless, police departments across America will turn our country into a police state (if they haven’t already). As it is, already American pols afraid of police departments.
Who pushing Janet Yellen to raise interest rates?Owner/
drivers won’t survive.
Everyone is struggling to pay their medallion loans. Not enough work. Who’s lying about the booming economy?
According to an article Janet Yellen claiming all factors in position for a raise in
Federal Reserve interest rates unless something happens in the meantime.
Hey, Janet. The meantime? How about Black Friday sales $1 billion off? How about Paris terror attacks? How about every country making huge defense budget increases vis a vis war on ISIS? How about terror attacks in the U.S. and around the world. How about San Bernardino?
Cities and States asking for help meeting their obligations.
The only ones pushing for higher interest rates are (as one comment said) bankasaurus rex. It is not time to raise Federal Reserve interest rates.
Who will give Janet Yellen truthful information? For example, Massachusetts brags about plenty of jobs available for college graduates. That’s because every year waves of professional workers leave after experiencing the constant drain on their incomes and the unpleasant conditions. Always jobs available? How can that be when every May there are THOUSANDS AND THOUSANDS, probably more than 100,000 graduates looking for work, over 60 colleges in a 15 mi radius?
Middle-class U.S. citizens are MAXED out financially. Police Departments are expanding, augmenting budgets, some through federal grants. Everything is topsy turvey, and does this mean TIME TO RAISE FEDERAL RESERVE RATES? I think not.
US nat’l deficit quadrupled to $trillions, trillions, Janet
Yellen to raise rates?
Unless in the meantime, she uses the example, China stumbles. Is she kidding? Our national deficit of TRILLIONS AND TRILLIONS is owed in loans to CHINA!
A recent article said one surprising area of the world has converted is financial basis to the Chinese YUAN. It was surprising, was it the EURO, European Union? Can’t recall, but it wasn’t Asia, or another country you would think.
Is there any end to BANK GREED?
didn’t one guy say medallion banks doing stretched
out refi’s at lower rates?
This does sound like economic boom? With media pounding out 24/7 ads for on-line retail sales, what is happening to the local small retailer family this season?
now country Brazil in financial crisis.Who next?
I’m more worried about my GREED addiction than about
recession. Eeek Eeek Eeek
raise those interest rates, goin thru withdrawal.
Janet Yellens always drop banking bombs on Friday to
soften Wall St drop.
So over the wkend,idiots can spend time rationalizing why U.S. needs destructive
fed reserve int hike.
Other gov’t pols drop stink bombs very late Friday so earliest it can get in paper is Saturday. No one reading Sat paper, and somehow the stink bomb doesn’t get into the prestigious Sunday papers, already being printed. Crafty pol moves. Stink bomb already forgotten, so they think.
What a bummer, it’s long over-due that this crazy monopoly of taxi medallions should come to an end already. How can you not realize that a taxi medallion is but a [government] license to legally operate a taxicab. The City made a big greedy mistake in allowing the medallions to be sold or otherwise treated as a commodity, because, in light of the law of justice and fairness, a taxi license [medallion] should be issued [singularly] only to individual owners operators of the subject taxicab and for as long as that owner-driver is able to continue operating the subject taxicab. How could these screwballs be allowed to privately own or otherwise take advantage of the licensing business which is strictly a governmental function. That is not something you can buy or invest in, no matter how much money you may have, you cannot [privately] buy the licensing service or any governmental function. In doing so would be totally unconstitutional. Also, and for the same reason, the City/TLC should never have sold any medallions. In fact I recently sued the City/TLC in the court of law for having violated my rights and privileges [to a taxicab license/medallion] as a qualified taxi-driver.The whole system is a scandal all the way to the legislature including the judges/court they control as they must favor the City/TLC, despite all the ridiculous rules and regulations they have implemented into law which they now use to defend themselves. This lawsuit, and all the other [lawsuits] they brought in the past, are a sham on both the plaintiff and defendant. It’s all bad politics. As for UBER, be it what it may be, is definitely the ‘HAMMER OF GOD” upon this highly corruptive medallion/taxi industry. I don’t drive for Uber, and probably never will, but, last but not least, Hail Uber!
Yellow cab taxi-drivers are left but with one aspect of the yellow business, the accessible/handicap customers.
this article shold be posted here for commnets. just saying…www.theverge.com/2015/12/4/9851000/uber-nyc-bill-de-blasio-report-investigation-cap-tax-cuomo
I think a far more crazier monopoly is uber. All you have to do to see it is open your eyes.
Soon as Janet Yellen said Fed interest rates going up,
Wall St made fortune.
Yellows, don’t look for gov’t help anytime soon.Banks are
killing us.
JOSHIfier to be auctioned off in March, who hi
bidder?Uber,Lyft,Greens?
Cred card int rates goin ta explode steel ceiling
with Fed Res int hike.
We’all thought cred card rates couldn’t go any hi’er.We’all thought wrong.
“E-book is not a book. E-hail is not a hail. E-commerce is not a commerce” – Meera Joshi et al Uber Inc.
City doesn’t care if taxi drivers not able to make a living. They making lots of money on tickets and licences.
Joshi announces new yellow toplights; on a related note
a tree fell in the forest.
Joshi called 911 and asked for a pizza delivery.
If a tree falls in a forest & no one is there,
does it make a sound?
It’s the old conundrum: when a tree falls it creates waves, but if no one is there with an ear to hear those waves, is there really any noise?
If that doesn’t explain it, I don’t know what does.
3rd Friday of every month is a very important day.Options contracts
close.
Does Wall St have its $$$$ on PUTS, making money on the way down, or has its $$$$
on calls, raking in the cash on the way up.
The lottery with a rig in it.
Judge Allan Weiss ruled that making sense doesn’t make sense.
Behold. Next on his ruling agenda: “Uber-ization of US Judicial System – where you walk free, if you claim innocence, even if you guilty”.
Pit Meera Joshi against Behairavi Desai, stand back
and watch the show
Make enemies out of friends. Crafty politician: whatever u do, don’t lose votes. If u aren’t sure? Don’t do anything.
Joshifier is laughing all the way to the bank, while yellow taxi owner is being driven to the poor house.
When next step in medallion owners suit against NYC?
Still don’t like the way this suit is phrased. Using all the equal rights, etc., and other claims.
It is plain and simple. NYC which has been using the NYC yellows as their pacifiers for decades, SOLD the exclusive street hail rights to yellow medallions.
Suddenly, the creative criminal has a brainstorm: we can run a huge fleet of taxis for FREE, all we have to do is buy a more expensive vehicle or a different vehicle, and voila! we don’t have to pay a back-breaking medallion mortgage. AND we can charge more. The GREASE on this plan is the little trick that makes it NOT A TAXI. heh heh heh, and that is you get it instantly by using your cell phone. With 50,000 of them flooding, overshadowing, and smothering all NYC traffic, there is always one at your ELBOW, just like a YELLOW MEDALLION CAB. heh heh heh
A FREE TAXI – while NYC PRETENDS everything is the same.
To reduce it to a nutshell. Exclusive street hail rights were sold by NYC and bought by medallion owners. By tricks, bfuscation, and a million little distortions, Uber is getting and enjoying those same street hail rights. Flipping everyone the bird at the same time.
Adding other claims, only muddies the waters, allowing tricky judges to join the mud. To say that if yellows have e-hail would level the playing field is an illogical monster. That just means let yellows be tricky too, 40,000 ubers plus 13,500 yellows equals 53,000 TAXIS, the greater part 40,000 which is in violation of the exclusive rights purchased and sold. Any more extrapolations about equal rights, and constitution, etc., just makes more muddy waters, until the description is so convoluted that you’d have to be a superior mathematician to understand it.
It is commerce pure and simple. NYC sells something EXCLUSIVE TO MEDALLION buyers. Then gves it away to other enterprises for free. Judge Judy can see this in an instant.
Then, when is the NEXT MILESTONE in this now FAMOUS court suit?
The medallion owner/drivers have the most bleeding point, but medallion ownership was allowed to have a LONG TAIL by NYC regulators, SO the whole business developed from small fleets to larger fleets, to leases of the medallions, to management of the medallions. All this LEGAL business comes with the exclusive street hail rights sold to medallion owners by NYC.
MAKE THE CORRECT CLAIM. And NYC either buy back the medallions at the pre-Uber price, or SHUT DOWN THE e-hail taxis and we all know who they are — they make themselves easy to identify, they are joined at the hip with the TLC.
I hope the OD lawyer is better than the one the fleets used. I saw him making his case on TV and he was intimidated by the questions and didn’t seem like a fighter. I think the argument the OD which I am are making is the playing field is uneven. But no one cares about cabbies including Judges.
The playing field argument loses.simply commerce,street
hails e or not,bought by yellows.
This is it. Level playing field is a loser because if everything is level BUT THE MEDALLION, it is a matter of Commerce Laws, yellows bought the exclusive right.
It is good the O/D are doing it.Fleets sued mostly to
pacify crabby drivers.
As long as the daily lease covers the cost, and a little bit more, the fleets are still in business, they can make it. I find the fleets started suits because drivers crabbing their ears off. All the fleet suits, seemed to be PABLUM.
The lawyer has to stand his ground and he has to have enough command of presence to let the whole court know the level playing field,luxury car FHV difference, is not going over. They are all over the city so many that it is a STREET HAIL. If they had 1200 and only sat in Manhattan on every corner, it would still be a street hail.
Goldman-Sachs thinks 2016 will see 5% increase
infed interest.GREED.
A financial expert, on a recent radio talk show, said big banks LIKE GOLDMAN-SACHS are speculating that 2016 will see a total 4 to 5 percent hike in the federal reserve interest rate, which has remained untouched for about 10 years. He said that big banks like Goldman-Sachs are speculating that 2017 will see a 5% hike also. Now this is talking about a 10% hike in the federal reserve interest rate.
[Don’t we remember Goldman-Sachs as being “pro-Uber” and by definition “pro-destroying-the-NYC-yellow-cab-industry?” Don’t get in the way of GREED’S BULLDOZER.]
The conservative financial expert went on to say he would expect no more than one or two 1/4 percent hikes in 2016. It is obvious Goldman-Sachs, the greedy bunch, are champing at the bit for more, more, more money. I don’t think Goldman-Sachs or the other like-minded “big banks” are good for the U.S. Money is their game, greed is their name.
He further said people now are hesitant to purchase homes, scared of the interest rates, and the very modest recovery in that area is going to be affected by a slow-down.
Big banks like Goldman-Sachs are globally intertwined and their greed is the primary influence in the direction and technology of banking and bank cards. It has become so electronic and convoluted that no one but “them” can really understand it, or go after it, when they begin pumping out huge amounts of money from the citizenry.
A lot of 2016 political candidates, like Clinton, Sanders are talking about “Wall St” but I doubt even the president would be strong enough to do anything about these GREED-MONGERS. They don’t have the means or the know how. THE GOLDMAN-SACHS GIANT SQUD IS TOO BIG.
The only way to confront these GREED-MONGERS, is to get your money, and take it out in cash, and spend it without involving them. If you opt for their process, you are feeding the MONSTER. Unfortunately, there are those people who feel it is a STATUS SYMBOL to pull out a wallet full of plastic.
Big banks like Goldman-Sachs speculate int hikes to push
Janet Yellen&Committee.
Maybe you guys should become uber drivers lol
Joshi needs to be fired. Can’t have such massive failure ignored. There must be consequences.
Very Strange Indeed….
Ubers Allowed To Surge / Bang Price The Public ANYTIME..?
Yellow Cabs Would BE HUNG from a TREE For ANY Hint of an OVER CHARGE ????…….Mr Preet Time Has COME …Investigate….!!!!
All criminals or close to it at TLC. Tom Bello, I believe he is in charge of licensing at the TLC. Look him up, a disbarred lawyer from Staten Island. Was head of the SI Bar Association. I guess anyone who is shunned from an honorable job for rule violation should work at the TLC. After al,l walks like a duck, must be a duck. TLC has been and will continue to be a mismanaged poorly run organization. Unfortunately, they own what’s left of the NYC Yellow Taxi industry. But don’t worry, those dumb greedy SOBs will find a new toy to play with as soon as Uber becomes unprofitable to them. Maybe they will go after Chinese food delivery men, god knows there are lots of them. And like the poor immigrant taxi drivers, they won’t be able to defend themselves from the rule vomiting TLC and capitulate to be licensed. Big sad joke !!!
StraitArro – very good post. Liked ur use of word
vomiting. Most appropos.
The whole post, says what needs to be said, but ignored by the me, me, me king-pins.
Did I say political king-pins?Meant to say
political king-kongs, and in one case king-kongness.
TLC’s inaction on Uber is nothing short of criminal. Joshi must be let go. She has no clue what regulation is.
She should step down!
https://www.change.org/p/taxi-and-limousine-commission-this-50-cent-mta-need-to-be-stopped-taking-from-passengers?recruiter=268008521&utm_source=share_petition&utm_medium=copylink
The operation of Uber in New York City is simply illegal. The City issues and sell the medallions under the agreement that the City, through the TLC, would regulate the taxi industry and protect the yellow cabs. That is why the value of the medallion was at a premium, a guarantee from the city. What happened? crooked politicians, started under the Bloomberg administration, the same guy criticizing Donald Trump, misled the public by first introducing the illegal green cabs. He then found a crooked judge who was paid to rule in his favor. Newsflash! Bloomberg will never run for president because he will have to answer to all the crooked transactions he participated in. Tell me how his fortune quadrupled over his tenure as mayor. Ignorant voters in NYC don’t do their research and gave this crooked dirt bag a third term to steal some more. Since when a billionaire gave a hoot about poor people’s ability to have access to cabs. The truth is this was a political gimmick for the introduction of Uber. What is happening in New York City against yellow cabs is a travesty of justice. Newsflash! Bloomberg invested in Uber. There is no way the federal supreme court would rule in favor of the dirt bag politicians of NY City. Crooked Governor Cuomo is a big fan of Uber. Has anyone looked into his offshore account? or members of the city council? we are always the first to criticize other countries for accepting bribe, but we need to clean our backyard first. Cuomo, Scumberg, crooked judges should all be prosecuted for violating the Constitution. Wake up people!
I totally agree that Blumberg did all ot thid
he killed thoutha,nds of taxi driver’s and meda
lion’s owners families like mine I thought taxi
investments will be our future but this is huge
corruption and I hope may be something could be
done against Blumberg Cuomo and corrupt judges
Got Help us
I remember during the auctions the TLC would announce the “winners”. The American Dream they called owning a medallion. I recall thinking welcome to the American Nightmare.
I’ll tell you why nobody gives a s**t about taxi drivers.
Mostly dumb immigrants.
Travis Kalanick loves dumb immigrants too.
I’m a native New Yorker.
All you immigrants brought this on yourselves by acting like the fools you are.
No, it’s corrupt politicians and regulators. Don’t put the blame on hard-working men and women, put the blame on those that creepy Uber bribed.
Some truth to what long time says.
yes that is bottom line, blame the corrupt politicians and regulators this are the guys that make deal for thire pokets uber, lyft, via, gett, juno and on on on on why?
yes that is bottom line, blame the corrupt politicians and regulators this are the guys that make deal for thire pokets uber, lyft, via, gett, juno and on on on on why? you can not just give $250,000 to help the politician and just sit down looking, some are giving millions the one that give millions he is the winner, garages make tons of money and they don’t want to share it with anybody and they sometimes ague with them and now they win and win big.
Why Are YOU Deleting MY post…???
How in the world does a Silicon Valley company put any body behind a wheel of a cab when taxi medallions used to cost upwards of a million dollars in NYC. I don’t feel sorry for yellow cabs because they are notorious for not picking up black people in mid town manhattan. GOD don’t like ugly and uber leveled the playing field. I never worry about catching a cab now thanks to uber
Why u need a medallion at all?This is a big sign of corruption! Everyone should be able to become a cab driver and have your own taxi without medallions etc…. if Uber form need it so cab drivers don’t need too… all this cab medallion system should be investigated (1m for peace of metal? Really? All transportation department should go to jail I think)
Who builds and installs the dangerous, illegal partitions and why have they never been called to task for manslaughter, and maiming taxi occupants? What is the relationship between the TLC, Peter Schenkman and the partition manufacturers? Why would the TLC rely on Schenkman to communicate with the partition makers?
Partitions drove taxi passengers to Uber and Lyft. They are trying to level the playing field a bit by allowing some taxis to choose cameras instead of face-splattering partitions.