Minds Over Matters: Special Report | Law.com

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Minds Over Matters: An Examination of Mental Health in the Legal Profession
 
Law.com has embarked on a yearlong investigation into mental health across every sector of the legal profession. Over the course of 12 months, we will aim to shine a light on mental health, addiction, stress and well-being; destigmatize the issue; and identify methods to effectuate change.
 
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‘They Were Conned’: How Reckless Loans Devastated a Generation of Taxi Drivers – The New York Times

By Brian M. Rosenthal

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Over the past year, a spate of suicides by taxi drivers in New York City has highlighted in brutal terms the overwhelming debt and financial plight of medallion owners. All along, officials have blamed the crisis on competition from ride-hailing companies such as Uber and Lyft.

But a New York Times investigation found much of the devastation can be traced to a handful of powerful industry leaders who steadily and artificially drove up the price of taxi medallions, creating a bubble that eventually burst. Over more than a decade, they channeled thousands of drivers into reckless loans and extracted hundreds of millions of dollars before the market collapsed.

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Read much more…very long investigation report…