Recent Blog Posts
-
The Times' Rorshach Geithner Story
Apr 27 20099:26 am EDT -
Sinking Animal Spirits
Apr 27 20098:45 am EDT -
Counter-cyclical Urban Policy
Apr 26 200910:00 am EDT -
Be Your Own Counterfeiter
Apr 26 20099:36 am EDT -
Being Tim Geithner
Apr 25 200912:37 pm EDT -
Notes From a Press Conference Naif
Apr 25 20099:41 am EDT -
What Good is the News?
Apr 25 20098:32 am EDT -
Stressful Enough
Apr 24 20092:29 pm EDT -
Not Regretting the Pound
Apr 24 20091:09 pm EDT -
Introducing the New Ford Squeeze
Apr 24 20099:47 am EDT
Links
- Felix Salmon

- DealBreaker

- Ryan Avent: The Bellows

- The Epicurean Dealmaker

- Chris Anderson

- Ultimi Barbarorum

- MarketBeat

- Michelle Leder

- John Quiggin

- The Panelist

- Andrew Leonard

- Streetsblog

- Brad Setser

- Michael Mandel

- Financial Crookery

- Kash Mansori

- Dean Baker

- Calculated Risk

- Free Exchange

- Curbed

- Lance Knobel

- Econospeak

- Carbon Tax Center

- Overcoming Bias

- Mark Thoma

- Naked Capitalism

- Alphaville

- Barry Ritholtz

- Alexander Campbell

- The Bayesian Heresy

- Brad DeLong

- DealBook

- Greg Mankiw

- Deal Journal

- FP Passport

- Carl Bialik

- Marginal Revolution

- A Fistful of Euros

- Dan Gross

New York's New Subway Math
The NYT has a good article this morning on the "new subway math" - the way in which anybody refilling their MetroCard is going to have to do some rather recondite calculations in order to ensure they don't end up with random nickels and dimes they can't spend on transportation.
But the cut-out-and-keep graphic alongside the article ("Save This Chart", it's headlined) is pretty useless. As of March 2, it says, if you spend $15.65 on a card you'll end up with a nice round $18; if you spend $24.35 you'll end up with $28; and so on.
Never mind that March 2 is so far away that only the most anal NYT readers will manage to keep the graphic until then. The problem is that whoever put this chart together forgot the whole point of it: it's meant to be designed for people who are refilling their MetroCards - cards which are likely to have some amount of money on them which is not divisible by $2, perhaps because they were used on the PATH or the AirTrain. If the amount on your card is divisible by $2, you don't really have a problem: you can just swipe it all the way to $0 and/or get one of the standard preset refills.
Much more useful would be a chart which told you how much to put on your card in order to ensure the 15% bonus and get an odd amount of money added. For instance, you have a spare $1 on your card: what should you do?
The answer is that you should add $11.30, which with bonus becomes $13, or else - easier to remember - add $20, which with bonus becomes $23. When you add those sums to the $1 on your card, you have a MetroCard whose balance, once again, is divisible by $2.
The NYT mentions with approval Steven O'Neill's online MetroCard bonus calculator, but idiotically doesn't link to it - here's the link, which is much more worth saving than anything in the newspaper. On the other hand, if you're looking for an insanely anal and largely obsolete five-year-old guide to MetroCards, written when they were still in their infancy and subway tokens were still accepted, you could try going here.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.





