Word: taxies
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...Sobky, 19, an economics major at the American University in Cairo: "I feel pure Egyptian. We are originally pharaohs. There is no blood relation between us and the Arabs." A surprising number of ordinary Egyptians also seem to feel warmly toward the West. Said Abul Yazid Tawfiq, a taxi driver: "I feel closer to the West than the Arabs. Westerners are straightforward. They want to work with...
...drivers to operate legally, they must first incur the large expense of buying a cab and its accompanying medallion, which generally goes for between $60,000 and $70,000. The medallion is the registration placard from the city which licenses the vehicle for operation as a taxi...
Indeed, Cromwell says medallions and taxis are no longer the hot property that they once were. This fall it's a buyer's market for taxi-cabs, he says, explaining that workers are searching for shortterm employment to last them until the economy bottoms out as opposed to the long-term commitment that buying a cab would necessitate...
...taxi driver's costs are all fixed, so when he loses a little bit of revenue he loses a lot of profit," Cromwell explains...
...average taxi driver's really hurting right now," Cromwell admits, but adds he is hopeful that "things will improve by next fall...