Which is the better investment: gold or a taxi medallion? Despite Glenn Beck's protestations on behalf of Big Gold, it really is a taxi medallion—the cost of an NYC taxicab license has increased more than 1,000 percent since 1980, and can now safely be called a better investment than gold. Someone better tell Master P to change his song to "Taxi Cabs In They Mouth." more ›

New York's Citizen Budget Commission released a report [pdf] yesterday deeming the city's subway system "among the most efficient in the nation." Compared with other sizable US mass transit systems, New York's subway has the "lowest cost per passenger trip," the "second-lowest cost per passenger mile," and the "second-lowest cost per hour of service." However, the subway is still the worst place to enjoy classic Italian fare in peace, and the second-worst venue to pleasure your lady friend (sucks to be you, Parisian Catacombs!). more ›

Following yesterday's news that a woman in an adult education class tore a 6-inch hole in a Picasso painting (whoops!), the NY Times has some details on what the consequences are for a clumsy catastrophe like that. more ›

Yesterday, the Dow Jones Industrial Average took a 400-point-drop bath, prompted by rising oil prices and higher unemployment numbers, and stirred up more recession fears. more ›