“Until recently in America’s big cities, purchasing a taxi medallion—the city-issued license to operate cabs —was about as sound of an investment as they come.  But with the rise of Uber and other ridesharing services, the value of taxi medallions are plummeting, leading cabbies and fleet owners throughout the USA worried that their industry will be decimated if local and state government doesn’t intervene. Charles Goodbar, a Chicago attorney who helps secure loans for medallion owners, said that financing has all but dried up. At the same time, new regulations, as well competition from ridesharing services, has reduced how much fleet owners can lease their vehicles to cabbies.”

http://www.usatoday.com/story/news/2015/05/17/taxi-medallion-values-decline-uber-rideshare/27314735/

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