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NYC Congestion Toll Linked To Rising Subway Ridership
NYC Congestion Toll Linked To Rising Subway Ridership
A report from the Permanent Citizens Advisory Committee suggests that congestion pricing in New York City is increasing subway use, according to Bloomberg.
The policy charges most drivers a $9 toll to enter parts of Manhattan, encouraging some commuters and leisure travelers to shift from driving to public transit.
Data from the Metropolitan Transportation Authority shows subway ridership reached 1.28 billion rides in 2025, a 7.7% increase from the previous year and more than double the 3.7% growth recorded in 2024. Even with the...
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Apr 15, 2026 / Tyler Durden
BofA Sees Customer Gas Spending Jump 16%, But Discretionary Spending Holds Up
BofA Sees Customer Gas Spending Jump 16%, But Discretionary Spending Holds Up
The national average for 87-octane gasoline has remained above the politically sensitive $4-a-gallon level for two straight weeks after the largest monthly jump in AAA data going back two decades. The fuel shock has Wall Street analysts focused on whether surging pump prices will begin crowding out discretionary spending.
Bank of America CFO Alastair Borthwick told analysts on a conference call earlier today that the fuel shock at the pump has not undermined overall consumer strength so far, though...
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May 22, 2026 / Tyler Durden
'Mission Impossible' Begins: Watch Live As Kevin Warsh Is Sworn In As 17th Fed Chair
'Mission Impossible' Begins: Watch Live As Kevin Warsh Is Sworn In As 17th Fed Chair
Kevin Warsh, who’s promised the biggest shakeup in decades at the US central bank, is set to be sworn into office this morning at 1100ET in a White House ceremony as the 17th chair of the Federal Reserve.
Warsh takes over at a tense moment for the economy and the central bank. Inflation has reaccelerated, driven by the impact of war in the Middle East on energy supplies. The Fed, meanwhile, has been battered by President...
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Feb 24, 2026 / Tyler Durden
Moscow Claims NATO Nuke Smuggling Plot Into Ukraine - UK Denounces 'Heinous' Charge
Moscow Claims NATO Nuke Smuggling Plot Into Ukraine - UK Denounces 'Heinous' Charge
It's hard to know what's true amid the fog of war, but when Russia's Foreign Intelligence Service (SVR) comes out with whatever new accusation it lodges against Ukraine it usually 'goes big'.
That's true of the latest statement Tuesday, which happens to mark the fourth anniversary of the full-scale Ukraine invasion of 2022. The SVR is newly alleging that France and the UK are plotting to secretly arm Ukraine with a nuclear weapon.
French M51 submarine-launched ballistic missile. Photo credits:...
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