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N.Y. taxi license hits record price: $600,000 (Reuters)

May 31st, 2007 by The Brewmaster

Taxi's are seen on a street in New York in this file photo. The price of a license to operate a New York taxi cab hit a record $600,000 in May, according to a lending company which financed the purchase. (Jeff Christensen/Reuters)Reuters - The price of a license to operate a
New York taxi cab hit a record $600,000 in May, according to a
lending company which financed the purchase.


(Source)