The Uber-Taxi War: Bye-bye Yellow Cab?

Taxi-medallion lenders | Ray Kelly criticizes de Blasio | NYC food-delivery boom

crainsnewyork.comThe rise in delinquencies and foreclosures on taxi medallions amid stiff competition from Uber could spell financial disaster for the institutions that have traditionally lent money to medallion owners. Credit unions in particular are the most at risk because of their smaller size. [Crain’s New York Business]

Plus: Hear about the dire straits of medallion lenders and other stories in this week’s podcast. [This Week in Crain’s]

Former New York Police Commissioner Ray Kelly blamed the recent increase in murders in the city on the de Blasio administration’s efforts to curb the use of stop-and-frisk. Mr. Kelly, whose memoir will be published today, also said that rises in murders nationwide were the result of cops’ “reluctance to engage” suspected criminals. [The New York Times]


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s