New York cabbies are driven to ruin
Mohammed Hossain is your almost-typical working guy.
He says he drives his cab 14 hours a day, seven days a week for less than $25,000 a year. And that’s if you don’t count his loan payments. In a three-years stretch, he was supposed to pay $717,500.
“I know so many drivers, they kill themselves,” Hossain (shown here) says in the June 9 episode of “The Weekly,” the compelling cable series focusing on New York Times reporters. “But I love my family.”
That leaves the broader questions: Why would a guy below the poverty line borrow a fortune? And who would loan it to him? Read more…