Word: gridlocking
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Another summer, another headache for British Airways. Staff shortages forced the carrier to ground flights in mid-2004, a strike a year later cost the airline millions in lost revenues, and last August's terrorist alert brought security gridlock to its Heathrow hub. The sting this season: huge fines for anti-competitive behavior...
...face its own difficult choices. With control of the Upper House, the party will be able to block legislation, although the ruling coalition's two-thirds majority in the Lower House will allow it to override most opposition. DPJ leader Ichiro Ozawa could choose to throw the government into gridlock, hoping to force Abe to call snap elections. But playing parliamentary chicken is risky: such a move could prompt the public to see the DPJ as obstructionist and incapable of governing, a charge which has stuck to them in the past. (News late Sunday night that the 65-year...
...suffers the consequences. By instituting a tax, the government is effectively transforming crowded city streets into private goods. Those who need the roads the most can do so uninhibited by traffic by paying for the privilege. Additionally, cars (especially cars that idle frequently while attempting to negotiate rush-hour gridlock) confer negative externalities due to the pollution they emit. By giving commuters more reason to use alternative methods of transportation, a congestion tax helps bring driving down to a more socially optimal level...
...past. Bloomberg is a lame-duck Mayor, and he's pointed out several times that the national attention he gets over his Presidential prospects helps him move his agenda on guns, education, poverty, housing and global warming. It also gives him a national platform to complain about partisan gridlock and the power of special interests in Washington, as he did in TIME's current cover story. "If they speculate about the Presidency and it helps, I'd be derelict in my duty if I didn't go and continue to use every advantage that I can to promote New York...
...commuter gridlock caused by urban sprawl has turned downtown Toronto into a hot real estate market. Once affordable middle-class neighborhoods such as family-friendly High Park and artsy Annex are suddenly seeing homes sold for as much as $900,000, while new condos sprout almost weekly from former downtown parking lots, barely staying ahead of demand. Even Donald Trump has been drawn to the party: In the financial district, condos at Trump Toronto start at $1.6 million...