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A fifth suicide spurs New York taxi driver protest

Protesting at City Hall in March. Photo: Erik McGregor/Pacific Press/LightRocket/Getty

New York taxi drivers, emboldened by five suicides in their ranks and desperate financial straits, are pressing for laws to protect them against ride-hailing companies.

Why it matters: Like cabbies around the world, New York drivers have suffered a plunge in income since the rise of Uber — and other ride hailing services — and city leaders say they are considering laws to help them, including a cap on ride-hailing vehicles in the city.