NYC Could Earn $1 Billion From Livery Cabs
Mayor Michael Bloomberg and Gov. Andrew Cuomo are both behind a plan to sell medallions to livery cab drivers. Each yellow cab literally has a medallion stuck on its hood, which acts as its license to operate as a yellow taxi in the city.

Mayor Michael Bloomberg and Gov. Andrew Cuomo are both behind a plan to sell medallions to livery cab drivers. Amal Chen/The Epoch Times
|Updated: