Way back when — think 1937 — New York City officials made the decision that in order to operate a taxicab in the city, you needed to own (or lease) a taxi medallion. And they set a ceiling on the number of total medallions. (That cap is now north of
Trump Lawyer Reportedly Invested in New York City Taxi MedallionsBloomberg

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Source:: New York City News By Google News

By Zennie Abraham

Zennie Abraham | Zennie Abraham or "Zennie62" is the founder of Zennie62Media which consists of and a multimedia blog news aggregator and video network, and 78-blog network, with social media and content development services and consulting. Zennie is a pioneer video blogger, YouTube Partner, social media practitioner, game developer, and pundit. Note: news aggregator content does not reflect the personal views of Mr. Abraham.