As data rolls in, the Taxi and Limousine Commission says its $8.3 million estimate of overcharging by scamming cabbies "will shrink significantly." Much has been made of how drivers pressed a suburban rate button on their meters, charging passengers twice the normal city rate. But now TLC Commissioner Matthew Daus says many cabbies did so accidentally, and only at the end of trips when fares had already been calculated (they may have been trying to turn meters off, investigators think). "How can you overcharge a person at the end of a ride when you don't get money for it?" asked Daus at a City Council hearing yesterday. more ›

While some New Yorkers have been cutting back on taxi fares during the recession, a new study shows the value of taxi medallion is stronger than ever. The value of an average medallion continues to climb in tougher times, with a medallion now being worth $760,000 a nearly 180% increase from where it was at less than a decade ago—outperforming every asset other than gold. more ›

Cursing on the job is a hazard for not just TV newscasters. One cabbie was fined for his swears at another cabbie! more ›