In the latest stage of his campaign to transform the Big Apple into a civilised place, Mayor Rudolph Giuliani proposes tough new taxi regulations, including drug and alcohol tests for new drivers, heftier fines for driving offences, and a big increase in cabbies' mandatory accident insurance coverage.

ECONOMIST: No taxis without representation

"With the new regulations it's going to make it very tough to win the championship again, " the 23-year-old said.

BBC: F1 stars may have to take pay cut