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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...
...economic downturn and record-high gas prices have been a boon to public transit. Americans took 10.7 billion trips last year on the nation's trains, buses and subways--the highest level of ridership in 52 years, according to the American Public Transportation Association. But while the rate stayed high even as gas prices dropped, rising unemployment could mean fewer commuters...
...America were all closed from approximately 9 a.m. to 11 a.m., according to Reda Bichri, an employee of The Body Shop. The Harvard Coop and Crimson Corner News Stand also closed for this timeframe, Nicholas said. Red line trains bypassed the Harvard Square station for those two hours, a transit worker said, and all Harvard Yard gates along Mass. Ave from Johnston Gate to the Widener gate were also closed, according to Harvard security personnel. The last bomb scare to threaten University property occurred in February 2000, when a phoned-in bomb threat and reports of a suspicious smell caused...
...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...
...York's transit struggles are a reminder that even the biggest city in the U.S. can't fully control its environmental destiny. That's true for climate change too; even if New York meets its laudable CO2-reduction goals, that alone will do little to stop global warming. But the city is ensuring that it will be ready for a warmer world. The Bloomberg administration began by creating a homegrown version of the U.N. Intergovernmental Panel on Climate Change. Those scientists reported that by the end of the century, annual mean temperatures in New York City could increase 7.5ºF...