It's been a bumpy ride these past few years for investors looking for easy ways to make money. Stocks, bonds and real estate have all seen wild swings or simply delivered disappointing results.
But a taxi medallion is one investment that keeps going up in value: Two of them recently sold for a record $1 million each.
A taxi medalliongives the bearer the right to pick up rides for hire. It turns out it's also a great investment vehicle. When New York cab driver Sushil Maggoo bought his in 2003, for example, he paid around $215,000.
Originally published on Tue November 15, 2011 3:52 pm
A screen shot of Facebook's terms of service.
Today, a subcommittee of the Committee On The Judiciary heard some fascinating testimony about the Computer Fraud and Abuse Act (CFAA). (We know what that sounds like, but bear with us.)
The hearing, titled "Cyber Security: Protecting America's New Frontier," really focused on big cyber threats to the country's infrastructure, but there was another juicier question that came out of the hearing: The way the Justice Department wants to interpret a current law, lying on the Internet would amount to a crime.
Demonstrators from a Salafi group chant slogans and hold posters that read, in Arabic, "Islamic Egypt," during a Sept. 23 protest against emergency law in Cairo. Salafi political parties will be among those vying in upcoming elections.
Delegates from across Afghanistan will convene tomorrow in Kabul. The Loya Jirga, or Grand Assembly, will discuss a long term strategic partnership with the United States. The issue is controversial in Afghanistan because it could involve permanent American military bases. The meeting itself is also controversial. President Hamid Karzai says the Loya Jirga will provide him with advice from the public, but his political opponents say Karzai is trying to use the assembly to extend his mandate.
Top Pentagon leaders went to Capitol Hill Tuesday and took tough questions from lawmakers on the future of the U.S. relationship with Iraq. Specifically, they addressed how the decision to withdraw all U.S. combat troops by the end of this year will impact Iraq's stability and U.S. national security interests in the region. Secretary of Defense Leon Panetta told a congressional committee that, while U.S. military commanders wanted to keep a contingency force on the ground, it was Iraq's decision to make.
Circuit Clerk Paula Joslin, left, Clark Circuit Judge Jean Chenault Logue, guest speaker Tayna Fogle and District Judge Earl-Ray Neal look on as drug court graduate Herbert Beasley talks to fellow graduates
Credit Bob Flynn/Winchester Sun
An appearance in a courtroom is not something most people look forward to. But for the eight individuals seated in the jury box in Clark Circuit Court Thursday, it was a court appearance they had anticipated for a very long time. The eight were gathered to celebrate their graduation from Clark County Drug Court and to celebrate a hard-earned second chance on life, free from addiction.
Detective Tim Robinson of the Warren County Sheriff's Office stands Monday beside HCL generators on Garrett Hollow Road after they were found in the woods at a meth dumpsite. Bowling Green-Warren County D
Credit Pete Rodman/The Daily News
Drug investigators Monday afternoon collected about 800 pounds of methamphetamine lab waste - the largest such site ever found in Warren County - from a rugged stretch of land near Richardsville. A Division of Forestry staff member walked the land Monday marking trees that needed to be cut down when forestry officials found a meth cook site on the private property, Bowling Green-Warren County Drug Task Force director Tommy Loving said. Forestry officials called Kentucky State Police, who in turn called the drug task force.
It may be another week until Black Friday, but the government is already slashing prices and rolling out the deals. The Division of Surplus Property will have a spot bid sale (similar to a silent auction) for the public Wednesday at its warehouse on Frankfort's Chenault Road. It’s an appendage of the Finance and Administration Cabinet for selling excess federal and state property. The warehouse contains everything from old desks and chairs to toenail clippers and pocketknives – all sold at a fraction of the price new.
Garrard County officials are still looking for a place to build a new county animal shelter after the Fiscal Court rejected a plan Monday to move it to the fairgrounds. The Garrard County Fair Board preliminarily agreed to give the county land for the shelter at the back of the fairgrounds if the county would provide funds to pay off the fair board’s $183,600 loan with Whitaker Bank, then accept repayment from the fair board at 0 percent interest. Part of the money to pay off the bank would have to come from the county’s hospital debt-service fund.