Jay Walder resigned today as chairman and chief executive officer of New York’s Metropolitan Transportation Authority, the largest U.S. transit agency, to head MTR Corp., which runs the Hong Kong subway and other rail lines.
New York officials intend to shut down the city’s mass transit system this weekend given the predicted strength of Hurricane Irene, said Jay Walder, chairman of New York’s Metropolitan Transportation Authority.
“It’s fair to say you’re going to have a tough commute in the morning,” Mayor Michael Bloomberg warned New York City commuters today at a news conference describing the aftermath of Tropical Storm Irene.
New York City residents returned to Manhattan streets, yellow taxis began plying their usual routes and equity markets planned to open after Irene passed through as a tropical storm, less severe than the hurricane local officials feared.
New York’s Metropolitan Transportation Authority tomorrow will consider raising the cost of monthly unlimited bus and subway fares to $104 from $89, according to a proposal posted on the agency’s website.
David Cameron, the U.K. prime minister, had a bright idea: Hire the best person for the job. In the wake of the News Corp. phone-hacking scandal, he reportedly floated the idea of naming William Bratton, the former New York and Los Angeles police chief, to head Scotland Yard.