Word: subways
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...scheme seemed a bit convoluted from the start, but it offered oodles of money to the participants. An American investor agreed to lease tram and subway cars from BVG, Berlin's mass-transit company. And BVG, in turn, leased them back for terms ranging from 12 to 30 years. Under U.S. tax law at the time, the American investor was able to take a depreciation tax benefit on the equipment because it was held on a long-term lease - a financial benefit the investor shared with BVG. (Read about Paris' public bicycle system...
...shows and vaudeville acts at the turn of the 20th century, just as baseball was making a name for itself. The National Association of Base Ball Players had been established in 1858 and Major League Baseball itself would be founded in 1903. One day while riding a New York subway, Norworth saw a sign that read "Baseball Today - Polo Grounds." And in 15 minutes, he had scribbled the words of his fun-time anthem on the back of an envelope - now on display at the National Baseball Hall of Fame in Cooperstown, N.Y. The original 32-line ditty has been...
...area where Bloomberg's green vision has clashed with political realities is mass transit. The subway system is controlled not by the city but by New York State's Metropolitan Transportation Authority. So while PlaNYC includes a call for the subways to be brought up to a state of good repair (a visit to any subway station will indicate they're not there yet), the city doesn't have the power to enforce it. Similarly, the plan pushes new projects like the long-awaited Second Avenue subway line on Manhattan's far East Side. Those multibillion-dollar improvements were...
...state wouldn't approve, which cost the city a one-time federal grant worth $354 million. Combined with sharp budget cutbacks, that leaves the transit authority with a $1.2 billion deficit. Without a healthy subway system, New York will be hard-pressed to grow, green or otherwise. "We have to assume that [transit] will eventually be funded," says Agarwalla. "Otherwise we'd have to plan for citywide shrinkage...
...those salty traces lacing your mouths. No, don't try to wipe them away now. The deed's been done—your immoral choices have had severe repercussions for the great national institution of Subway...