Recent Blog Posts
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The Times' Rorshach Geithner Story
Apr 27 20099:26 am EDT -
Sinking Animal Spirits
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Counter-cyclical Urban Policy
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Be Your Own Counterfeiter
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Being Tim Geithner
Apr 25 200912:37 pm EDT -
Notes From a Press Conference Naif
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What Good is the News?
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Stressful Enough
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Not Regretting the Pound
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Introducing the New Ford Squeeze
Apr 24 20099:47 am EDT
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New York City Gets Federal Congestion Pricing Funds
Great news today: despite the city missing the application deadline, the federal government has awarded New York City $354 million for its congestion pricing plan. Transportation secretary Mary Peters was positively gushing at her press conference:
The average New York commuter now spends 49 hours stuck in traffic every year, up from 18 hours in 1982. While some may be content to accept growing gridlock as a way of life, Mayor Bloomberg is not going to let traffic rob the Big Apple. He has stepped forward with a plan as brass and bold as New York City itself.
The department of transportation has now explicitly said that building more roads doesn't reduce congestion. Let's hope that New York's legislature comes around to that point of view and accepts this large gift with grace.
