The service interruption Metro- North Railroad near New York shows how dependent the busiest U.S. passenger-rail corridor is on electric power and how easily a breakdown in one component can paralyze U.S. infrastructure.
In 16th-century England, Thomas Gresham formulated what is now known as Gresham’s law, which stipulates that bad money drives out good. Paper money tends to circulate more freely than silver, and silver more freely than gold, because people hoard whatever type of money is seen as best. It’s why we spend those torn dollar bills first.
New Jersey Governor Chris Christie , who says he’s trying to save money for residents with the highest U.S. tax burden, may cost them $3.4 billion in federal funding that would have improved schools and eased congestion.
New Jersey commuters will continue to suffer workday delays, miss out on job opportunities and forgo $4 billion in personal income thanks to Governor Chris Christie’s decision to kill a rail tunnel to New York, independent congressional investigators said
New York Governor Andrew Cuomo’s plan to have private companies design and build a new Tappan Zee Bridge across the Hudson River can serve as a cost-saving model, said Alex Marshall of the Regional Plan Association.
New Jersey Governor Chris Christie says it’s time to “get back to normal and back to work” after Hurricane Sandy. For commuters who depend on the state’s rail system to reach Manhattan, that’s easier said than done.
Conde Nast Publications Inc., the publisher of Vogue and Golf Digest magazines, signed a lease to move its headquarters to downtown Manhattan’s 1 World Trade Center, slated to be the western hemisphere’s tallest building.
Governor Chris Christie cut off New Jersey from $5 billion in New York-based salaries and diminished its future role in the world’s second-largest regional economy, according to government data and former state Commerce Commissioner Gil Medina , by ending construction of a Hudson River rail tunnel he said taxpayers couldn’t afford.
In March 2009, Elliot Sander stood in Lower Manhattan outside South Ferry, New York’s newest subway station. Addressing a crowd, the head of the Metropolitan Transportation Authority hailed it as the first major transit project to open downtown since the Sept. 11 terrorist attacks.