Friday, October 22News That Matters

Tag: Commuting

New York Faces Lasting Economic Toll Even as Pandemic Passes

New York Faces Lasting Economic Toll Even as Pandemic Passes

Business
“It’s gone from feeling super lonely and now it’s feeling pretty normal,” Mr. Gray added.Wall Street and the banking sector are pillars of the city’s economy, and they have been among the most aggressive industries in prodding employees to go back to the office. James Gorman, the chief executive of Morgan Stanley, told investors and analysts this month that “if you want to get paid in New York, you need to be in New York.”Many firms, including Blackstone and Morgan Stanley, have huge real estate holdings or loans to the industry, so there is more than civic pride in their push to get workers to return. Technology companies like Facebook and Google are increasingly important employers as well as major commercial tenants, and they have been increasing their office space. But they have been m...
A Little More Remote Work Could Change Rush Hour a Lot

A Little More Remote Work Could Change Rush Hour a Lot

Business
“Those who are most reliant also are the folks who are trying to literally go to their dialysis appointments,” said Stephanie Gidigbi Jenkins, who works on federal policy at the Natural Resources Defense Council and is a member of the Washington Metropolitan Area Transit Authority’s board. “We totally forget who really is most dependent on our transit system.”In Cleveland, the transit authority cut downtown rush hour service early in the pandemic and halted express bus routes from suburban park-and-rides. But it didn’t cut service through neighborhoods where officials believed more workers, including hospital staff, had in-person duties.“Do we have the heart to say after they’ve worked 12 hours to serve the community that now when they walk out to their bus, they’re going to have to wait a...
House Hunters Are Leaving the City, and Builders Can’t Keep Up

House Hunters Are Leaving the City, and Builders Can’t Keep Up

Business
River Islands, the development where the Namayans hoped to live, is in Lathrop, Calif., which has a population of 25,000. It sits about a half-hour beyond Altamont Pass, whose rolling hills and windmills mark the border between Alameda and San Joaquin Counties. Though technically outside the Bay Area region, Lathrop’s farms and open fields have been steadily supplanted by warehouses and subdivisions as it and nearby cities have become bedroom communities for priced-out workers who commute to the Silicon Valley and San Francisco.Today in BusinessUpdated May 28, 2021, 12:54 p.m. ETIn Livermore, on the eastern side of Alameda County, the typical home value is nearing $1 million, according to Zillow. That falls to $500,000 to $600,000 over the hill in places like Tracy, Manteca and Lathro...
If You Build It, They Will Bike: Pop-Up Lanes Increased Cycling During Pandemic

If You Build It, They Will Bike: Pop-Up Lanes Increased Cycling During Pandemic

Technology, World
Adding bike lanes to urban streets can increase the number of cyclists across an entire city, not just on the streets with new bike lanes, according to a new study. The finding adds to a growing body of research indicating that investments in cycling infrastructure can encourage more people to commute by bike, which helps reduce greenhouse gas emissions and improve health.“It’s the first piece of evidence we have trying to, at a larger scale, link the bikeway infrastructure — these pop-up bike lanes and things that were built — to cycling levels during Covid,” said Ralph Buehler, chairman of urban affairs and planning in the School of Public and International Affairs at Virginia Tech, who was not involved in the study.The research, published online Monday in the Proceedings of the National...