36 Burst results for "MTA"

Fresh update on "mta" discussed on Morning Edition

Morning Edition

00:52 min | 9 hrs ago

Fresh update on "mta" discussed on Morning Edition

"Live from NPR news in Washington I'm Dave Mattingly Authorities in Texas say 19 children were among 21 people killed at an elementary school and Yuval yesterday after a man walked into the school and started shooting At least one of the adults killed was a teacher at rob elementary school NPR's Ashley Lopez says the gunman was killed after officers arrived at the scene The gunman is reported to be a young man 18 years old According to state officials he lived and Yuval di and attended the local high school One of the other pieces of information we heard yesterday about the shooter is that he allegedly shot his grandmother before he entered the school and local officials have also said he appears to have acted alone You've all day is about 85 miles west of San Antonio Georgia's governor and Secretary of State won their Republican primaries yesterday defeating candidates backed by former president Donald Trump NPR's child Snyder reports The former president had sought to unseat Republican governor Brian Kemp and Secretary of State Brad raffensperger over their refusal to help lock the results of the 2020 election in Georgia but Trump's candidates failed camp will face Democrat Stacey Abrams as fall and raffensperger as advancing Georgia voters did however choose the Trump backed former football star Herschel Walker The challenging combat democratic senator Raphael Warnock In Arkansas former White House press secretary Sarah Sanders won the Republican gubernatorial nomination In the it's WNYC in New York at 6 32 Wednesday May 25th 56 and partly sunny out there this morning mostly sunny today in a high near 72 We have delays this morning on the a two and 5 trains in the city and NJ transit's main Bergen county line In the news the MTA's new head of trans and Richard Davy says he's revamping a program that began during his popular predecessor Andy byford's time doubly NYC Steven Nelson reports on the effort to improve subway stations When byford started at the MTA in 2018 he created a new role the group station manager it put one person in charge of a handful of stations gave them a budget and the authority to choose what projects they needed to improve their stations You may have seen posters at your local station with the face and email of your local group station manager The MTA says the program never went away but Davy plans to revitalize it meeting with the managers once a month This comes as the MTA is trying to bring writers back and while it attempts to address a homeless and mental health crisis that is converged on the subway as well as several fatal shootings in the transit system this year Mayor Eric Adams is urging state lawmakers to pass legislation that could convert thousands of public housing units in the city to section 8 housing That means private landlords would lease the units instead of the government supporters say the plan would help the New York housing authority access billions of dollars in new funding to make desperately needed repairs to buildings but the planets raising fears for many nitro tenants and housing advocates they say it could threaten the protections residents now enjoy Marquise Jenkins cofounded residents to preserve public housing In other words there will be no more public housing than New York City If this plan goes through the bill would create a trust that could then raise more money from private investors The New York City health department is investigating a community cluster of legionnaires disease in The Bronx ten cases now confirmed to the severe form of pneumonia in the hybrid neighborhood up from four cases last week The infection spreads when a person inhales vapor containing the bacteria typically from stagnant water cooling towers are a common source this time of year as central AC units kick on for the summer Mostly sunny a high near 72 today cooling in deny mostly cloudy tomorrow a high near 71 Once again 56 in partly sunny at 6 34 Support for NPR comes from member.

Npr News Dave Mattingly Rob Elementary School Ashley Lopez MTA Yuval Di NPR Georgia Brian Kemp Secretary Of State Brad Raffen Stacey Abrams Raphael Warnock Sarah Sanders Donald Trump Yuval Richard Davy Andy Byford Steven Nelson Byford
Security camera fail during NYC subway attack to be probed

AP News Radio

00:47 sec | Last month

Security camera fail during NYC subway attack to be probed

"The the the the failure failure failure failure of of of of security security security security cameras cameras cameras cameras in in in in the the the the New New New New York York York York City City City City Subway Subway Subway Subway station station station station where where where where a a a a gunman gunman gunman gunman opened opened opened opened fire fire fire fire this this this this month month month month is is is is the the the the subject subject subject subject of of of of an an an an investigation investigation investigation investigation the the the the acting acting acting acting M. M. M. M. G. G. G. G. A. A. A. A. inspector inspector inspector inspector general general general general says says says says the the the the mass mass mass mass shooting shooting shooting shooting in in in in sunset sunset sunset sunset park park park park Brooklyn Brooklyn Brooklyn Brooklyn raises raises raises raises questions questions questions questions about about about about why why why why the the the the cameras cameras cameras cameras were were were were not not not not transmitting transmitting transmitting transmitting and and and and wants wants wants wants a a a a review review review review of of of of the the the the maintenance maintenance maintenance maintenance and and and and repair repair repair repair program program program program at at at at the the the the time time time time the the the the MTA MTA MTA MTA blamed blamed blamed blamed a a a a bad bad bad bad internet internet internet internet connection connection connection connection at at at at any any any any given given given given time time time time the the the the MTA MTA MTA MTA says says says says one one one one percent percent percent percent of of of of its its its its nearly nearly nearly nearly ten ten ten ten thousand thousand thousand thousand cameras cameras cameras cameras at at at at its its its its four four four four hundred hundred hundred hundred and and and and seventy seventy seventy seventy two two two two subway subway subway subway stations stations stations stations are are are are not not not not working working working working other other other other cameras cameras cameras cameras in in in in nearby nearby nearby nearby stations stations stations stations helped helped helped helped police police police police track track track track suspect suspect suspect suspect Frank Frank Frank Frank James James James James is is is is movements movements movements movements before before before before and and and and after after after after the the the the shooting shooting shooting shooting that that that that injured injured injured injured at at at at least least least least twenty twenty twenty twenty three three three three people people people people he he he he was was was was arrested arrested arrested arrested the the the the following following following following day day day day Julie Julie Julie Julie Walker Walker Walker Walker in in in in New New New New York York York York

New New New New York York York MTA Subway Subway Subway Subway St M. M. M. M. G. G. G. G. A. A. Sunset Sunset Sunset Sunset Park Park Park P Frank Frank Frank Frank James Julie Julie Julie Julie Walker Walker Walker Walker New New New New York York York
Multiple Injured in NYC Subway Shooting

The Charlie Kirk Show

01:47 min | Last month

Multiple Injured in NYC Subway Shooting

"It seems that a would be terrorist, and I use that word intentionally, not because we know anything about this individual, but when you try to inflict mass crime, mass murder upon a population for, let's say, any sort of other irrational reason, it's nothing short of terrorism. And the police are soon going to give an update on the subway shooting in Brooklyn. Here's what we know. What we do know is that an individual wearing a vest came onto the subway and started shooting indiscriminately and had some sort of devices that were detonated. We think these are just smoke devices or devices that would emit some sort of a smoke screen or some sort of a distraction. We don't know any more than that. But let's go to cut 43. Harris faulkner reporting play cut 43. Brooklyn subway station is a major crime scene this hour. Earlier this morning, we know multiple people were shot doesn't seem running through some kind of smoke. And what we've learned in just the last few minutes is really critical information. We don't exactly know how it will tie in, but we do know that now a huge portion of Brooklyn has been put on alert. Our phone started to go off momentarily. At least 16 people were injured, including 8 who were shot when a suspect set off a smoke grenade and unleashed a fire, a gunfire of on a Brooklyn subway. I've been right near the subway station, know exactly where it is. The gunman possibly disguises an MTA construction worker wearing a gas mask launched his bloody assault around 8 30 on a Manhattan bound N train on the 36th street station in sunset park, where authorities later discovered several undetonated devices.

Harris Faulkner Brooklyn Subway Station Brooklyn MTA Manhattan Sunset Park
Multiple Injured in NYC Subway Shooting

Mike Gallagher Podcast

00:40 sec | Last month

Multiple Injured in NYC Subway Shooting

"A terrible day it has been. It's a breaking news Tuesday here on the Mike Gallagher show and I'm glad you're with us as you've probably heard by now a mass shooting at a Brooklyn subway station, at least 13 hertz, at least 5 people shot the suspect is allegedly a black male wearing a gas mask wearing an MTA uniform, which is the uniform of the subway workers, everybody's got one on down there. I mean, that's what a nightmarish scenario, you had a backpack and as of now, he has escaped. What are the odds that when they catch him, they find out he's a career criminal,

Brooklyn Subway Station Mike Gallagher MTA
"mta" Discussed on What's The [DATA] Point?

What's The [DATA] Point?

03:43 min | 4 months ago

"mta" Discussed on What's The [DATA] Point?

"What does that mean in terms of your fair box revenue? Well, we're on the spot. Yeah. I mean, I do the math. My abacus is standing by. But you know, do the math. Our half of our revenue 8 to $9 billion comes from the fair box, right? So and we were at 9 million passengers. I mean, we were 9 million, 8 million subway, bus and computer rail passengers a day before COVID. So do the math. The numbers are huge. When we were when we were at the bottom of COVID, we were down 90% on the subways and the bus 90% on the subways. And 95 on the commuter rail and we were losing $200 million a week. Yeah, that's incredible. Walter Harris was asking, there are many insurance issues that raise costs. Yes. Will the MTA push the legislature to implement reforms to bring New York insurance construction costs in line with other states? So I'm doing in the middle of doing a very big study of MTA's insurance construction insurance situation. The. Cost of construction insurance our so called oset owner controlled insurance program has like more than doubled over the last 7 or 8 years. It's partly market, but it may also be partly the way MTA manages projects and procures insurance and many other things that Walter knows a hell of a lot more about than I do. He's one of the premier insurance experts around. So I'm doing a major study of that trying to figure out how the MTA alone and by advancing certain policies and the legislature could arrest that increase in cost, obviously the scaffold law, which is New York's one of a kind negligence law that puts an owner at risk of having to pay for all damages due to any fall, whatsoever from so called height could be step is site frequently cited, but I don't think that's the, that's the only thing that is driving our insurance. And so I would really like to focus on all the things that are driving our insurance costs and are there a series of policies that we can adopt or legislative initiatives we can go to the legislature with it's not just let's have round 62 of the fight over the scaffold was. So I'm trying to look at it broadly. I think you're right. It's frustrating on the scaffold law because whether it's hurt a year budget or developing affordable housing, you know, the limitations on things we really need to do. That's the frustration, but we'll continue to fight that. But I'm glad you're looking at that and broader. So one question for meal weisman and then I'll wrap up with a quick personal one. Now that governor hoke is signed as 49 43 B, a 62 35 B, what steps can the MTA take to enhance bike pedestrian bike access across its 7 bridges? Well, we've done, I mean, there's been a $150 million spent in the last 5 years on biking pedestrian access across. And those MTA bridges. And.

MTA Walter Harris legislature New York Walter governor hoke weisman
"mta" Discussed on What's The [DATA] Point?

What's The [DATA] Point?

04:18 min | 4 months ago

"mta" Discussed on What's The [DATA] Point?

"Is there a case for the MTA to move more aggressively to bridge and tunnel tolls? Could dynamic tolling be considered, for example? You know, all of our tolling system our tolling policy is like fair policy. You know, you have to run it through a very comprehensive system of. Public hearings and so on and so on. I don't know that we have yet to try to do that. I think that that has to be looked at in tandem with what the congestion pricing system is going to be. And I think that there will be a place for that question, especially as the traffic mobility review board looks at pricing for the congestion pricing system. And we urge different times of day pricing versus dynamic, which changes and may not necessarily give the user the choice, the time to make that choice. So there are varieties of flavors and we would urge those. Crime Hudson was talking about ridership and return and I skipped the question before on his own secret. Thank you for asking. Is it reasonable to expect pre COVID ridership to return? What level of ridership are you projecting in a steady state and what does that mean financially? So it's a good question because so much hinges on just that. None of us has a crystal ball. We did a very early on. I initiated a study when I was still doing construction development, but I got going a study with McKinsey trying to project where the pandemic and the frankly the economic collapse of the region, how that would all work into our ridership and develop scenarios for recovery. We did that study in the spring and early summer of 2020. We updated it in the fall and until armatron, it had kind of held accurate..

MTA Hudson McKinsey
"mta" Discussed on What's The [DATA] Point?

What's The [DATA] Point?

04:33 min | 4 months ago

"mta" Discussed on What's The [DATA] Point?

"Webinar outreach events and thousands of people participated in. We have like 50,000 comments that have come in and all of that is now being turned into the first draft of the environmental assessment document, which will then be subject to additional analysis and public comment and adjustment and then you will have hopefully by the end of 23 keeping with the schedule a final federal, the stamp of approval what they call a record of decision approving that you have complied with the federal environmental law, which is required because a lot of these streets are federally funded and they have the power to approve polling or not. So it's all happening. We have, I believe, ended the mystery about whether the MTA was supporting congestion pricing and working to advance it because we are like all get at. We're working our tails off. So that is where it is. We expect that by the end of 23, we'll have that federal environmental review approval. God willing. And then there'll be implementation in the end of losing my mind. I think the implement the end of 22, I'm sorry. The end of 22, we get the approval. And then the implementation takes place in 23 in 2023 in the first half of 2023, we're actually building the system out. Meantime we have tested all the cameras and the back and the computer systems that will track license plates and otherwise the distinguished different types of vehicles, yada yada yada. So all of that work has been done, all the modeling and the technical work has been done. And we're very much on schedule. There are some dramas yet to be resolved, including the question of what discounts what exemptions will be offered. Discounts and exemptions translate into a higher base fee. So if you're exempting a lot of classes of people and cars and vehicles and so on, you end up with a higher fee..

MTA
"mta" Discussed on What's The [DATA] Point?

What's The [DATA] Point?

05:22 min | 4 months ago

"mta" Discussed on What's The [DATA] Point?

"Look, listen, Kathy, how cool governor Kathy hoko has been a pleasure to work with for me. She has folks with in Karen keo and Catherine Garcia and other folks who I work with who are real pros who are interested in a super high functioning mass transit system and are supportive of everything I'm doing. So this has been an incredibly easy and positive transition for the MTA leadership and the management of our issues. You've seen that she pays a lot of attention to us. She's really interested in what we're doing and excited about it. It's been from my standpoint, incredibly positive. She's now made Elizabeth velez appointed Elizabeth the last to the MTA board who is a great choice who actually knows what it is to build for the MTA. She's a the head of an MWE structuring companies as a chair of the New York building Congress. She's a New Yorker, and she's literally worked with me on projects, where she was on the selection panel. So the trend is very, very positive. In the prior administration, the, from me, for me, it was also fine because there was from the Cuomo area there was great enthusiasm for improvements in the capital area and that's what I was doing at that time. So I don't really have much more to say about this hypothetical swing other than we're in a really positive place right now and I'm going to keep doing as much as I can to take advantage of. Thank you. Thank you, Jim milstein. Asks. And I think this is a really important because sometimes with so many challenges, issues every day. It's hard to think broadly, but Jim mom is smart and asking this, which is given the advent and rapid commercialization of autonomous vehicle and ride sharing technologies. The opportunity for more efficient use of surface transportation networks that they create. How should the MTA's long-term planning change? All right. Well, millston is a smart man he may have stumped me on that one. But he fundamentally, we have a long-term planning group that is looking at trends in all different ways. That's one of them. I won't say that we have the deepest vision or understanding of exactly what kind of a transportation world that those trends are going to produce. Personally, I think that in a world where our surface we're doing congestion pricing because we need to prioritize buses, emergency vehicles, para transit, delivery vehicles that support our the new world and our economy..

MTA Kathy hoko Karen keo Catherine Garcia Elizabeth velez Jim milstein Kathy Jim mom Cuomo Elizabeth millston Congress New York
"mta" Discussed on What's The [DATA] Point?

What's The [DATA] Point?

05:12 min | 4 months ago

"mta" Discussed on What's The [DATA] Point?

"So things like providing outages for a contractor, the MTA used to say to the contractor will let you do work on the track at this day and then you show up with your staff and your equipment and your logistics and the MTA cancels the outage. It's on the contractor's dime. That's insane. We would never do that in the private sector. So we are allocating risk appropriately and the responsibility for delays, the removal of hazardous materials. That is getting us better price. We're providing a huge focus on the incentives and disincentives for schedule performance where, as I said, making our contracts more consistent across the MTA, which is attracting more competition and de customizing design. MTA and public agencies frequently have a habit of over customizing their design, which ends up costing you a ton. We're using design build, which is as we all know eliminates conflicts between the designer and the construction contractor and also gives you a chance to benefit from creativity in how to make projects more efficient when the builder and the designer are collaborating that you get those those benefits in terms of cost and schedule from innovation and creativity. And where we're not using design build and I still think that we're asking as the legislature to raise the threshold where we're required to use design build. We are using what we call a plus B bitting where the contractors are being told not just a bit on price, but also on schedule and how much MTA support resources they need. And that is already delivered us huge cost and schedule benefits in the biddings that we've just done the last year. And we've improved our project management. I'm not going to go into detail, but suffice it to say, when I showed up at the MTA, it wasn't clear who was in charge of a project. So now we have a project CEO who is accountable for budget and schedule and solving all the problems. Next slide. We have seen very positive results on the projects where we use some of these new practices. What we call the 42nd street connector. We did the Times Square shuttle and redoing the entire Grand Central mezzanine when you walk in Grand Central, the ceiling is still low, but everything about it is bigger. It's got a lot more space. It's a lot more humane. We redid all the escalators and the elevators in there. And the project, which was added up to like a $1 billion, it was being done as 8 separate projects. We brought it together. And it was completed on time and on budget. Go ride the shuttle. It's ADA accessible for the first time. And it's just a much better service..

MTA legislature Times Square Grand Central
"mta" Discussed on What's The [DATA] Point?

What's The [DATA] Point?

03:16 min | 4 months ago

"mta" Discussed on What's The [DATA] Point?

"So the deficit is exacerbated by COVID-19, but a portion of it is stems from gaps, the fact that we had a couple of years of out of balance budgets that were filled by one shots. And that's not a good thing. That obviously, we don't want to we don't want to continue. And that comes even though we have since 2011. This is important. The MTA has not been sitting around letting these structural deficits grow, there has been a concerted effort to cut recurring costs out of the operating budget and there's been three and a half billion of recurring costs cut out of the operating budget, but we still have a significant deficit even with the regular small affair and poll increases in place since 2010. Expenses, principally labor costs have continued to grow much faster than revenue. It's not a secret that our labor settlements with our unions have been in the two and a half percent per year range for a couple of contracts. And on average. And there were raising fares about 2% a year. That catches up with you. Obviously, I'm preaching to the converted here. This is what the CBC has done a ton of research on its own. But obviously you guys understand the scale and the complexity of the problem. So addressing that structural gap isn't going to be easy, but we have to come up with a plan now while we still have a lifeline from these one shot infusions that the federal COVID relief money is providing. Okay. I'm just starting to attack the operating budget issues, honestly, we're early days in terms of trying to address that. But I do have a bit of a track record on capital costs. New York on the capital side, New York is never going to be cheap and construction, but working with a board staff working group, Scott rector, who's the chairman of the RPA was part of that. We came up with a series of strategies that are already making a positive impact on the MTA's competitiveness and our ability to get decent pricing. We developed we change all the contracts. We made them uniform, which is a good thing for attracting more competition. So we didn't have different contracts with different agencies. We also attacked a lot of those dumb provisions that were causing contractors to charge us premiums. Like, for example, the habit of insisting that the MTA alone get to decide any contract disputes, contractors obviously threw a huge cost premium on that one contract provision alone. We are making it a principle in our contracts that the party who has controls a risk is responsible as accountable to manage those risks and has financial exposure..

MTA Scott rector CBC New York RPA
"mta" Discussed on What's The [DATA] Point?

What's The [DATA] Point?

03:03 min | 4 months ago

"mta" Discussed on What's The [DATA] Point?

"But they're also working with us on this issue of where the presence is felt, where the deployments are visible. And I think that's going to be a huge benefit to our efforts to kind of bring people back. What we found is that we did a survey of a 125,000 riders. And safety and security were by far the highest issue. But it was even higher for the folks we call laps riders, the people who had stopped riding during the pandemic. So we got to keep going on that. And so on. So I'm going to provide a little update on where we are, what we're doing well, and highlights of what we have to accomplish. Obviously, we have some challenges. And this organization is truly a historic leader in highlighting the MTA's importance to New York, important to our economy, our culture, our vitality, and especially to connecting people to jobs and education healthcare and creating opportunity. That importance has become much clearer during the pandemic. And because the MTA kept full service running when ridership was at its Nader in the spring of 20 and we kept full service going on the subways and in the buses and virtually full service on the commuter railroads as we move back up the scale from ten to 20 and now just before a 60% pre COVID ridership. Another thing that we're proud of and I've talked to you about at Andrew is that during the pandemic we kept all of the capital projects, which had been started before the pandemic. We kept them all going. I think we never had more than 10% of the projects stopped in the spring of 20 and all of them were well underway by the summer of 2020. And once we knew we had the money coming from Washington, the COVID relief fund bills, we actually had kickstarted the capitol program and began doing extraordinary amount of work this year that we just wrapped up. We think one of the best years in MTA history in terms of awarding new capital program projects, I think we're going to exceed $8 billion, which is a very high number for the MTA. But the success has come at a cost. And as everybody, I think folks on this call on this webinar know, we have a fiscal cliff just over the horizon. The financial impact of COVID, lower ridership, lower revenues, at one point we were losing $200 million a week relative to budget. As a result of that, we are staring at a substantial structural deficit imaging of projected to be 2.5 billion in 2025 just a couple of years from now. And that's if we don't borrow additional money through the federal municipal liquidity facility, which is something obviously, I don't want to do being a New Yorker who lived through the fiscal crisis of the 1970s prompted in part by borrowing for operating.

MTA COVID New York Andrew Washington
New York Isn't Dead

Squawk Pod

02:04 min | 10 months ago

New York Isn't Dead

"It was the headline struck at the heart of cities. During the pandemic new york is dead. Forever author investor james outdoors op-ed declared new york in a death spiral because quote businesses are remote and they aren't return to the office ended up leading jerry seinfeld to pen. His celebrated appeal declaring that new york. Sure as hell will be back so a year later. Who was right robert. Frank joins us with more robert. Good morning andrew jerry. Seinfeld's words still inspiring new yorkers year later with that hashtag. nyc is not dead and that of course was a response to all tutors. Op ed saying that. Remote work empty office. Buildings boarded up restaurants and hotels. Rising crime and high taxes would hollow out the city for years or decades. Now who was right. Well a year later on the residential real estate size that side that has rebounded sales more than doubling over the past year prices almost back to pre pandemic levels and do rentals having their best quarter in recent history. You look at restaurant traffic. That was down. Eighty nine percent a year ago from pre penned democ. Now it's about half of those prepaid pandemic levels. Mta subway ridership. It is improving but it is still about half what it was pre pandemic hotel occupancy now at around sixty seven percent that compares to about forty percent a year ago so improvement there as well. But new york's recovery future depends a lot on office workers and that is the big unknown. There was forty seven million square feet of empty office space in midtown as the first quarter and then if you look at rental rates they are down nine percent from a year ago a year ago only twelve percent of new york city workers were back in the office. Now it is twenty three percent and guys with the delta variant. We thought people would come back in right after labor day. Now we're looking at mid october. Maybe so until we get those office workers back until we know how many do come back. New york's recovery is still open to question

James Outdoors New York Frank Joins Andrew Jerry ED Robert Jerry Seinfeld Seinfeld NYC New York City
Vehicle Traffic Nearing Pre-COVID Levels as Transit Lags

AP News Radio

00:52 sec | 10 months ago

Vehicle Traffic Nearing Pre-COVID Levels as Transit Lags

"Vehicle traffic is nearing pre pandemic levels in one big city area the public transit is lagging the vehicle traffic between New Jersey and neighboring New York is just about what it was before the pandemic bridge and tunnel traffic down only about two percent compared to June of twenty nineteen truck traffic is actually up seven percent but listen to this ridership on path trains that's a rapid transit system serving New Jersey in midtown Manhattan is down sixty three percent the New York City areas MTA the public transit system including buses and subway trains is reporting similar trans transiting that ridership may not rebound for years what's the problem concerns over the corona virus and more people can now work from home I'm Rita folate

New Jersey New York Midtown Manhattan New York City Rita Folate
The Man Who Never Returned

Stories Podcast: A Bedtime Show for Kids of All Ages

02:03 min | 11 months ago

The Man Who Never Returned

"The man who never returned the train chug worst clatter to a stop at the platform the crowds inside who wanted to get off started pushing against the crowd outside who wanted to get on there was a messy push poll of crowds flowing past each other and charlie felt himself being pulled along by their tied he was swept into the train and found himself an empty spot to stand between someone holding a bag of onions that smelled like shoes. And someone else with shoes. That smelled like onions. Just another wonderful boston morning. On the metropolitan transit authority or the mta for short. Charlie lived near kendall square in cambridge. But he worked in downtown boston so the train was every morning he would get up early. Pack himself a sandwich and kiss his son and wife goodbye then it was a short walk to the mta station where he would be swept into his morning train those days. It cost ten cents to ride. That seems pretty cheap. But charlie only earned eighty cents an hour so he had to budget carefully. Of course all the careful planning in the world won't save you when the tax man comes. The wheels of government are slow but heavy when they come rolling and that day they were about to roll right over old charlie as he settled into his ride he noticed new signs hung up all over the train. They read new exit tax five cents an exit tax. He muttered. What's that about. Don't you read. The paper said the man with shoes that smelled like onions. The politicians get ten cents to get on. Now that taken five cents to get off they literally gonna nickel-and-dime us to death. When does it start. Charlie asked he only brought diamond day and he had already spent that to get on the train. It starts today said the man with onions. That smelled like shoes.

Charlie Metropolitan Transit Authority Boston Kendall Square MTA Cambridge
The M.T.A. Is Breached by Hackers as Cyberattacks Surge

Cyber Security Headlines

02:08 min | 1 year ago

The M.T.A. Is Breached by Hackers as Cyberattacks Surge

"Nyc transportation authority heck using pulse. Secure zero day back in april chinese beck threat. Actors breached. the network of new york city's metropolitan transportation authority by exploiting a pulse. Secure zero day vulnerability. According to mta's chief technology officer rafael portnoy while the attacker successfully hacked into mta computer systems. They were not able to gain access to employees or customer information which portnoy attributed to. Mta's layered security controls. Mta mitigated the vulnerability on april twenty first one day. After poll secure issued an advisory cybercriminals contest defined new crypto currency exploits april twentieth prevalent russian-speaking underground forum initiated a contest calling for its community to submit new methods of attacking crypto currency and offering a one hundred fifteen thousand dollar prize to the winner according to intel four seventy one's senior vice president of global intelligence. Michael d bolt some of the top ideas so far are generating a fake blockchain front end website to steal info such as private keys and balances creating a new crypto currency blockchain from scratch increasing the hash rate speed of mining firms and botnets and building custom tools to parse cryptocurrency logs from victim machines the contest which is expected to run through september first is a reminder that criminals continue to collaborate and explore cutting edge techniques to help further their motives. Fbi confirms revival as jbs ransomware attacker. The fbi confirmed on that russian cybercriminals group revival is responsible for the ongoing ransomware attack targeting gb s. The world's largest meatpacking company the fbi issued a statement indicating they are quote working diligently to bring the threat actors to justice and quote. Rievaulx is notorious for pushing. The boundaries of the ransomware is a service industry and targeting high-profile victims including former president donald trump and lady gaga with attempted extortion schemes.

MTA Nyc Transportation Authority Rafael Portnoy Michael D Bolt Portnoy Beck New York City FBI Intel Rievaulx Donald Trump Lady Gaga
MTA and New York City want  more subway elevators

On the Media

00:37 sec | 1 year ago

MTA and New York City want more subway elevators

"City are teaming up to find a way to get developers to build more elevators at subway stations. It would require developers building near a subway station to meet with the empty A to secure space for elevators. Marisa Lago, director of the Department of City Planning, says the city would offer developers a little more space if they do build elevators. While New York City is unlikely ever to be a super easy town to live in. This owning text amendment promises to make our city a fairer place. The zoning changes require approval from the City Council and the city's planning commission. Currently, a little more than a quarter of the subway stations are accessible.

Marisa Lago Department Of City Planning New York City City Council
MTA: Drop In Subway Ridership Allowed Trains To Pick Up Speed in New York

John Catsimatidis

00:16 sec | 1 year ago

MTA: Drop In Subway Ridership Allowed Trains To Pick Up Speed in New York

"Improvements are being made to speed up city subways empty, officials say over 900 new digital timers have been installed on nearly 300 speed limits have been increased in an effort to move trains across the system quicker. They also say trains are spending less time holding at station

"mta" Discussed on Off The Meatrack Chainz New York Podcast

Off The Meatrack Chainz New York Podcast

05:23 min | 1 year ago

"mta" Discussed on Off The Meatrack Chainz New York Podcast

"Katie connection cut over overtones wildfire. Boy i Live you wanna give you two cents. Onus we got two females only ahead of who you are what we know all right. I'm really low for you. Guys go ahead go ahead get a lobi off your. I love the show too. You know you guys. And i've been in a relationship for five years ago will now any at the same time. Things are beginning to get stale. We do the same thing every night. And i know what to expect recently when the guys at the job has been given me attention. I'm very attractive to the guy at work and he gives me butterflies when we speak it. Make contact the other day. He asked me out for lunch. I told him no. But i really wanted to say yes. I'm afraid of him. I don't know what will happen if we ever go out and halftime alone. Should i pay attention or should i just let you beat All right that's a good question. I would definitely say before you get yourself into these types of situations you have to know your lane because if you take a certain path it definitely gonna go down in like it has nothing to do with your the man you have at home because Chris seeking attention. You can get a lot of different places. It doesn't just have to be your man but if you're somebody even some like you know you're going to be hanging out with people you might wanna take it further. He might want further. So maybe that's okay if that's what you want to do right but i don't really think it's a good idea to if you have issues with. Maybe you need attention. that's on you. The person don't put that on other people. You have to address that yourself if your relationship. You're relatively happy you should talk to your person. Part of being in a relationship is communicating and coming to terms. Maybe you could Maybe you could come up with ideas. Maybe you can make things by saying. It's a great point if yeah you know. Like maybe don't on him. Maybe you bring something new to the table no long time. You guys getting a spell at the five years. That's not a long time. You want to leave you know no more. You want to bring in the house pussy type of thing. Excuse my language. You definitely want this..

Chris five years Katie two females two cents five years ago
"mta" Discussed on Off The Meatrack Chainz New York Podcast

Off The Meatrack Chainz New York Podcast

03:56 min | 1 year ago

"mta" Discussed on Off The Meatrack Chainz New York Podcast

"Give people bad things that are not the same thompson. What fuck are we really talking about. We're talking about people that listen to what these people talking about doing. The six now never fuck is name his five. It was named six thousand five hundred sixty nine six. Now they daniel man you look. There are no winners. They're no good guys in this situation. Correct yes saying. It's no good so if they're busy into khasi but yet give him props in talking about oh. I can't wait to rag rebel. And all these other guys get hope the fucking talking about. Why is he picking a fight with meat. Meek mill. then that'll be listen. You gotta you gotta try. We're gonna fight when weight mirabeau sequel right. You've got to trust somebody to do that right. You gotta you same as you trust somebody to be your friend. You got to trust the money to to to snake rate. You know reading trust them to do that. So you have these these high expectations of duquet. What we know is this campaign shit. And he wasn't built like that so we already know his game plan here. We already knew he was gonna tell because he's not bill for that the same way. He has his album flocks. We haven't heard him in immediate. We know he's joe was a serious serious. Why is it was even be. His security got caught up. Here's a carry that. His is a story about that. Is nothing serious but also a beeline saying. Why are we still going these these these same people same same type of news. The only difference is that one. Do you know. I think why people people can can can respect more respect. A rowdy conscious because rowdy held his own. You feel me. He again that he knew what he did. That goes abilities. And that's why i respect. I respect you from has really hurt. The african american community more than anything. It's been what what what are not drugs drugs. No no no integration integration. You have a conversation on this bad these type shit. Let's wait a minute. Wait a minute. What about what about those african americans who got we now hold on. Hold on hold on. Hold on hold on a whole lot. What about those african americans. Who who's who's imprisoned right now for something they didn't commit in every state man don't still don't they don't know i get three getting paid pennies me state. It.

six five six thousand three thompson weight mirabeau african american african americans Meek mill five hundred sixty nine one
Google makes parking way easier

Talking Tech

01:51 min | 1 year ago

Google makes parking way easier

"Hey listeners since mike schneider and brett molina and welcome back to talking tech so mike. Do you ever use your smartphone to pay for parking. Well when i get to leave the house now. I sure do use it. Well once you leave the house again it might get a lot easier for you Google announced this week. It's rolling out a new feature enabling users to pay for street parking or transit services within the google maps app on android smartphones. So here's how it will work. Google parting with two popular parking services passport and park mobile to let drivers pay for their parking meters. What you'll do is you'll go to park. You'll pull up the google maps app. You'll choose pay for parking. You pick the meter number where you're parked the amount of time you need and then you pay one of the better features that i really really really enjoy about this though. One of the biggest pains about paying at the meter. Is you go somewhere and you realize. Oh your meters about to run out after. Walk back and refill it. In this case you can do it right from the app. You can just tap a couple of buttons and you've refilled your meter if you need a longer time. This new pay for parking feature will be available for android smartphone users in more than four hundred cities in the us including boston. Cincinnati houston l. A. new york and washington. Dc another cool part of this update. Is that google. Maps is also going to let users pay for mass transit fares ahead of time and the feature will becoming than eighty transit agencies around the world. So for example. If you're in new york and you pulled up directions to go somewhere and you decide you want to take the subway. You'll see a prompt on google maps with an mta logo asking. If you want to pay your fair now see just hit the button and you'll pay your fare ahead of time. That feature will roll out more. Broadly in the coming weeks according to google

Google Mike Schneider Brett Molina Mike New York Cincinnati Houston Boston Washington United States
New York Man Killed When Car Crashed Into Parked MTA Bus In Bronx

Financial Quarterback Josh Jalinski

00:34 sec | 1 year ago

New York Man Killed When Car Crashed Into Parked MTA Bus In Bronx

"Well, one person is dead and another is fighting for his life after a car crashed into a parked city bus in the Bronx last night. Police say that the car plowed into the back of the bus that Bart so Avenue and Coop City Boulevard and Co op city it around 11 30 passenger in the car was killed the 20 year old male drivers in critical condition at a nearby hospital. The bus was parked at a bus stop on Barto Avenue. The driver and two passengers onboard sustained minor injuries. They all refused medical attention at the scene, and the cause of the crash is under

Bronx
MTA Deletes Tweet Over Homeless Response After Pulling Benches From New York City Station

710 WOR Programming

00:47 sec | 1 year ago

MTA Deletes Tweet Over Homeless Response After Pulling Benches From New York City Station

"In and now deleted tweet from the empty, eh? It's causing some controversy. Benches were removed from a subway platform. This man says that doing so may be a good idea, given some sleep on them. And generally live within, stations says I should be more sanitary than that E. I mean, and I don't like the fact that you know people can harass you on a train. You know what I mean? Regarding the tweet in question. Someone had asked the official anti account why the benches were taken from a Manhattan station that got a reply that it was in an effort to keep homeless people from sleeping. They're homeless advocates against groups responded. And suggested that post was cruel Mother said the message represented poor customer service in general. The M T A, says the message was posted in error, but added that underground stations are not replacements for homeless

Manhattan Station
New York’s MTA Poised for Fare Hike Debate Amid Ridership Drop

Bloomberg Daybreak

00:17 sec | 1 year ago

New York’s MTA Poised for Fare Hike Debate Amid Ridership Drop

"New York's Mth faces a showdown in the weather. The debt ridden agency should boost fares as writers struggled during the Corona virus pandemic. Several board members have pushed back against raising those fees this year. As New York City's jobless rates more than tripled to more than 12% in

New York New York City
Gov. Bill Lee enacts gathering restrictions, refuses mask mandate as Tennessee COVID-19 outbreak surges

Here & Now

02:31 min | 1 year ago

Gov. Bill Lee enacts gathering restrictions, refuses mask mandate as Tennessee COVID-19 outbreak surges

"As we monitor covid nineteen across the country. Let's take a closer look at the outbreak in tennessee which now tops the us. In per-capita cases of the coronavirus joining us is blake farmer. Healthcare reporter for national public radio. Blake the tennessee health. Commissioner said yesterday that another holiday surge would break the state's hospitals. What is the situation like there now. Well when you look at hospitals you can talk about capacity in terms of percentages. But they just don't tell the whole story. Hospitals are expanding their covert. Icu's they're turning waiting rooms into patient areas at least. Two hospitals in tennessee had a call on a government stockpile for ventilators. They've been making it work and they're doing more than they ever could have imagined earlier this year but they are really worried about. What's next for the next few weeks. We see that thirty percent of covid tests are coming back positive in tennessee and yet the governor bill lee a republican continues to refuse a statewide mask mandate would what steps is he taking if any. He's really been adamant about not mandating masks. He notes that about seventy percent of the state is under mask mandates. Right now local ones. He argues a statewide. Mandate could actually backfire. Not sure how it would really make things worse. But he's certainly encouraging local. Mayors to to make that mask mandate at this point. Well governor lead. Did last night was banned public gatherings of more than ten people now. There are lots of exceptions weddings. Funerals religious services. It also doesn't actually restrict private gatherings even though the governor has said people really need to stay with just their household for the next month even during the holidays so these may not sound super strict but they are some of the first statewide restrictions tennessee heads since the summer. Yeah speaking of the holidays. Christmas of course is on friday and the new year so of hospitals are struggling right now. Are they prepared for what could come. Oh man i mean. The big issue is staffing not space it. The states even started to run out of options there though. They thought they'd be able to just fly in traveling nurses and doctors but they're not available. Now they're working all over the country so they've called on the medical reserve corps in the state which i'm not sure i even knew existed before this. They've even talked to students like maybe registered nurse. Who went back to be a nurse practitioner to ask them to spend their christmas break. Picking up shifts and state health officials. Say they're just looking under every rock to find help until vaccines kickin. Blake farmer from nashville public radio. Thank you so much. You're welcome

Tennessee Blake Farmer Bill Lee ICU Blake United States Medical Reserve Corps Nashville
Transit advocates rally outside Cuomo's office ahead of final public hearing on MTA fare, toll hikes, New York

BBC Newshour

00:37 sec | 1 year ago

Transit advocates rally outside Cuomo's office ahead of final public hearing on MTA fare, toll hikes, New York

"A is holding a final public hearing today on its fare hike proposal for subways and bus isn't transit advocates voice their opposition in front of Governor Cuomo's Manhattan office yesterday. Here's Danny Pearlstein of the Riders Alliance. We're asking the governor, stop the regressive fare hike, raise progressive revenue to support public transit and make sure that The doomsday cuts proposed to the transit system are canceled for good. The empty A faces a severe budget shortage as ridership has plummeted during the pandemic and is looking to increase fair revenue by 4%. If if, if approved, the fare hikes would take effect in March.

Governor Cuomo Danny Pearlstein Riders Alliance Manhattan
New York commuters protest MTA fare hike

Fox News Sunday

00:28 sec | 1 year ago

New York commuters protest MTA fare hike

"The M T. A is proposed fare hikes held a rally today before the transportation authorities final public hearing tomorrow. CBS reports. The proposed changes include increasing all affairs on Busses subways, the Long Island Railroad and Metro North. The empty A could also eliminate seven day and 30 Day passes and raised the green fee, which is the surcharge for purchasing a new MetroCard fare hikes would also impact EZ Pass users at bridge and tunnel crossings. Global news

Long Island Railroad CBS Metro
Panel recommends Moderna vaccine, paving way for FDA authorization

CNBC's Fast Money

00:47 sec | 1 year ago

Panel recommends Moderna vaccine, paving way for FDA authorization

"The mta just voting an outside committee of advisors in support of the second covid nineteen vaccine a from madeira. Vote was twenty in favour none against one abstention from this vote outside advisors to the fda So the fda is expected to act quickly to issue this emergency use authorization. Perhaps as soon as tomorrow or saturday that would trigger six million doses of moderna vaccine going out next week joining pfizer and biotechs vaccine on the market. Another two million of those expected to go out next week. Melissa this is a big moment. The more vaccines that get on the moment The market the more supply. We have the more healthcare workers in nursing home residents. The people on the front lines of this pandemic will be able to get protected from

Committee Of Advisors FDA MTA Madeira Pfizer Melissa
M.T.A. Budget Cuts: Agency Could Avoid Doomsday Scenario, New York

Mark Simone

00:36 sec | 1 year ago

M.T.A. Budget Cuts: Agency Could Avoid Doomsday Scenario, New York

"And its president elect Joe Biden to the rescue. The empty A putting off a vote on it's doomsday scenario thinking Joe Biden is going to save the PM to is so confident federal funds are coming. Word is the agency will vote on its new budget without making a decision on cutting subway service or firing over 9000 workers. Shorts is tell the Post, the agency will pass a budget with a $4.7 billion deficit and a federal funds fall short. Then they'll talk about service cuts and layoffs. Fair and toll hikes are still on the table for next month, and it's expected the L I. Double R will reduce service to reflect demand since the pandemic

Joe Biden The Post
"mta" Discussed on CATS Roundtable

CATS Roundtable

01:55 min | 1 year ago

"mta" Discussed on CATS Roundtable

"So this is not an investment that is only in the interest of New York City of New York State. The entire country upon my discussion with summer to people in Washington, I can't tell you who? The highest levels can get. Let's put it that way. They may be willing to put the money in, but don't forget. They're gonNA make forty four states that. The, that will call them. Crazy. They have to. Justify that is that the fact if they put in a federal monitor seeing the money is spent, they might be able to do it. What do you think about that? Well, John here's what I'd say the three point, nine, billion dollars that the MTA got in. The cares act we had. We exhausted at your wife twenty four we were the first transit public transit agency in the country to exhaust our funding. Every dollar that we got, we had to report to us dot that we expected dollars of and April and x dollars of revenue in made that we had additional expenses, for instance, for disinfecting subway stations in. Subway cars and we had a report that to the Federal Transit. Administration which is part of the was dot in Washington we were able to make that case we we're not looking for nor do we expect the blank check? We realize we're going to have to show that we have these increase courses costs, and that revenues have been the have have been reduced significantly as a result of the pandemic and we're prepared absolutely to do that with FTA. Again when a MTA relief bill passes packed way you have my commitment I will continue to work on this and thank you for all the great work you do. and. Let's keep the system going and until we have some kind of compromise between all parties. John thanks for all you do from. New. York. Thanks for inviting me God. Bless and have a good weekend you got. This is the round table will be right back..

MTA New York City New York State Washington Federal Transit John York
"mta" Discussed on CATS Roundtable

CATS Roundtable

05:58 min | 1 year ago

"mta" Discussed on CATS Roundtable

"The Klein to a low in nineteen, thirty three. But that decline was only twelve percent compare that with at the depths of the pandemic in March and April subway ridership declined ninety five percent as compared to the twelve percent decline during the Great Depression and even now subways are carrying only twenty five percent or pre pandemic levels that ridership declined decrease in tolls and fares. Our customers pay us about fifty percent of our revenue that ridership decline has exacted significant damage to the MTA's operating condition and our financial condition, and right now we need twelve billion dollars from the federal government to get us through the remainder of twenty, twenty, twenty, twenty one. The A fiscal crisis that we face is not one that we can cut our way out of it. Although we're reducing costs, we will take about one point, three billion dollars expense out of the MTA in twenty twenty, one about eight hundred of that has already been budgeted, and that's on top of two point five billion dollars of cost that we've already taken out, and then I wanNA point out to your listeners John that at the beginning of the year pre pandemic and twenty twenty, we expected the MTA. In operating surplus of about eighty million dollars, we had a new capital plan of about fifty one, billion dollars and operations on time performance was increasing ridership was increasing. The pandemic has changed everything. It's changed everything in terms of our ability to frankly pay our bills going forward the only solution to this given the fact that the pandemic is a national issue and a national challenge. The only issue is federal funding frankly for the state. Of New York City New York. But for the MTA. And what we need is twelve billion dollars the state of new. York in the city of New York have their own financial challenges as a result of the pandemic and I don't think it's reasonable to expect for the MTA to expect that the state or the city. This time can come to the rescue. So it's only federal the federal government that has the ability to fund. This senator Schumer and the Newark Congressional delegation and have been heroes in terms of getting the NCAA three point nine billion dollars in the cares act in in March march march and April, we've exhausted the last of that funding on July twenty fourth. So we've got no more funding available to us, and unfortunately the Republican leadership in the United States Senate has been indifferent to the needs of the MTA and frankly to the state. And the cities throughout the entire throughout the entire country and what we're doing is we're calling upon New Yorkers business leaders, ordinary New Yorkers, union leaders, and members who've been great in terms of supporting the MTA's requests for additional funding..

MTA twenty twenty federal government New York Klein senator Schumer United States Newark NCAA Senate John
"mta" Discussed on CATS Roundtable

CATS Roundtable

02:22 min | 1 year ago

"mta" Discussed on CATS Roundtable

"We're working hard <Speech_Telephony_Male> with the leadership <Speech_Telephony_Male> of the NYPD <Speech_Telephony_Male> <hes> <Speech_Telephony_Male> and with the <Speech_Telephony_Male> <hes> with the with the <Speech_Telephony_Male> transit. Bureau <Speech_Telephony_Male> <hes> chiefs <Speech_Telephony_Male> dilatory <Speech_Telephony_Male> to make sure <Speech_Telephony_Male> that <hes> <Speech_Telephony_Male> we were able <Speech_Telephony_Male> to contain <Speech_Telephony_Male> crime <Speech_Telephony_Male> in the subways and the <Speech_Telephony_Male> increase in felony <Speech_Telephony_Male> assaults that I just <Speech_Telephony_Male> mentioned is obviously <Speech_Telephony_Male> troubling <Speech_Telephony_Male> and and <Speech_Telephony_Male> remember. That's occurring <Speech_Telephony_Male> in a situation <Speech_Telephony_Male> where we've got <Speech_Telephony_Male> one point. Two <Speech_Telephony_Male> million subway customers <Speech_Telephony_Male> instead of <Speech_Telephony_Male> five point five. So <Speech_Telephony_Male> this is an important priority. <Speech_Telephony_Male> <Speech_Telephony_Male> For, the MTA, <Speech_Telephony_Male> and obviously the city <Speech_Telephony_Male> and the <Speech_Telephony_Male> the NYPD <Speech_Telephony_Male> <hes> we <Speech_Telephony_Male> need to do more, <Speech_Telephony_Male> and we need more <Speech_Telephony_Male> resources from <Speech_Telephony_Male> the NYPD <SpeakerChange> on <Speech_Telephony_Male> that issue undisturbed, <Speech_Telephony_Male> so you're calling <Speech_Telephony_Male> upon all <Speech_Telephony_Male> New Yorkers to <Speech_Telephony_Male> call congresspeople <Speech_Telephony_Male> and call <Speech_Telephony_Male> this. <Speech_Telephony_Male> In terms of. <Speech_Telephony_Male> Of <SpeakerChange> the MTA <Silence> in New York <Speech_Telephony_Male> I absolutely <Speech_Telephony_Male> I ought to say that <Speech_Telephony_Male> senator. Schumer <Speech_Telephony_Male> has been completely <Speech_Telephony_Male> supportive of the <Speech_Telephony_Male> NCAA in the past, <Speech_Telephony_Male> and on the three <Speech_Telephony_Male> point nine from the cares. <Speech_Telephony_Male> <Speech_Telephony_Male> And is supporting <Speech_Telephony_Male> in the Senate. The three <Speech_Telephony_Male> point nine billion that <Speech_Telephony_Male> I referred to that. We <Speech_Telephony_Male> need for the rest of the year <Speech_Telephony_Male> The New York <Speech_Telephony_Male> Congressional Delegation <Speech_Telephony_Male> Nita Lowey CARBS <Speech_Telephony_Male> MINNESOTA. Congressman <Speech_Telephony_Male> Akeem <Speech_Telephony_Male> Jeffries has <Speech_Telephony_Male> been completely <Speech_Telephony_Male> on. It <Speech_Telephony_Male> <hes> it your <Speech_Telephony_Male> listeners. <hes> could <Speech_Telephony_Male> talk to <Speech_Telephony_Male> members of the US <Speech_Telephony_Male> Senate from other <Speech_Telephony_Male> states on both sides <Speech_Telephony_Male> of the aisle, Republican <Speech_Telephony_Male> and Democratic that <Speech_Telephony_Male> would be <SpeakerChange> incredibly <Speech_Telephony_Male> helpful job <Speech_Telephony_Male> undisturbed and I <Speech_Telephony_Male> know governor Cuomo <Speech_Telephony_Male> has a good relationship <Speech_Telephony_Male> president <Speech_Telephony_Male> fashion eventually <Speech_Telephony_Male> signed it, and <Speech_Telephony_Male> that's good news. <Speech_Telephony_Male> <hes> anything else <Speech_Telephony_Male> where to say. <SpeakerChange> We have thirty <Speech_Telephony_Male> cents up. <Speech_Telephony_Male> Yeah? <Speech_Telephony_Male> Look for some <Speech_Telephony_Male> seventy percent of <Speech_Telephony_Male> our customer survey <Speech_Telephony_Male> say that the subways has <Speech_Telephony_Male> never been cleaner subway, <Speech_Telephony_Male> cars and stations. <Speech_Telephony_Male> We're doing everything <Speech_Telephony_Male> we can to disinfect <Speech_Telephony_Male> customers <Speech_Telephony_Male> or to feel secure <Speech_Telephony_Male> and coming back <Speech_Telephony_Male> and riding the subways. I <Speech_Telephony_Male> will say that transit <Speech_Telephony_Male> agencies <Speech_Telephony_Male> around the World Asia <Speech_Telephony_Male> Europe Europe that <Speech_Telephony_Male> wanted to the pandemic and <Speech_Telephony_Male> came out before <Speech_Telephony_Male> New York and <Speech_Telephony_Male> have seen ridership <Speech_Telephony_Male> increases. There's been <Speech_Telephony_Male> no spike. <Speech_Telephony_Male> In <Speech_Telephony_Male> Kobe nineteen cases <Speech_Telephony_Male> attributable <Speech_Telephony_Male> public transit public <Speech_Telephony_Male> transit is <hes> <Speech_Telephony_Male> is safe. We're doing <Speech_Telephony_Male> everything we can to disinfect <Speech_Telephony_Male> multiple <Speech_Telephony_Male> times a day <Speech_Telephony_Male> and we're going to minimize <Speech_Telephony_Male> health risks, all <Speech_Telephony_Male> of our customers and employees <Speech_Telephony_Male> <SpeakerChange> to the <Silence> absolute extent we can't. <Speech_Telephony_Male> And then <Speech_Telephony_Male> <hes> of the NCAA <Speech_Telephony_Male> pets. <Speech_Telephony_Male> For everything <Speech_Telephony_Male> done in the past and <Speech_Telephony_Male> continue to do all <Speech_Telephony_Male> the off his. <Speech_Telephony_Male> and. God. <Speech_Telephony_Male> Bless <SpeakerChange> them. <Speech_Telephony_Male> St <Speech_Telephony_Male> John Thanks very <Speech_Telephony_Male> much for having me. Take Care, thank you. This is the catch roundtable. It'd be like that.

NYPD MTA Senate NCAA New York Europe Schumer US MINNESOTA Congressman The New York Jeffries Kobe senator Cuomo president
"mta" Discussed on CATS Roundtable

CATS Roundtable

02:27 min | 1 year ago

"mta" Discussed on CATS Roundtable

"This is the roundtable on cats teams here Sunday morning well, we're trying to open up again and one of the key things reopening law city is our subway systems, and we have the terms of the MTA with this Mr Pat Foy. How are you? John I am well. Thanks for having me. This is actually an important moment for the for the MTA. The pandemic had a dramatic negative impact on our revenues, subway and bus ridership commuter rail ridership is down. It's increase from the depths of the pandemic John, but we get about half our revenue from our customers fares on subways buses long our railroad metro, north and tolls, and the remainder from the package of taxes and subsidies that the legislature put in place, both of the negatively affected. We got three point nine billion, and obviously the pandemic is a national issue and requires a national response on national solution. We got three point nine billion dollars from the federal government a couple of months ago in the Cares Act last Friday a couple of days ago, we spent the last of that money will be reimbursed for that in August by US dot, but to get through the rest of the year. The MTA needs an additional. Additional three point nine billion dollars. The good news is that the House of Representatives led by Speaker Pelosi and neither lowey chair. The Appropriations Committee is retiring after thirty years of Long Honorable Service in the Congress and the New York. Congressional delegation supported additional funding in the Heroes Act the United States. Senate is back in session and it's really critical that the Senate fund public transit across the country, but specifically three point nine billion dollars. For the MTA if they do that, John, that will take us through the rest of twenty twenty and we'll have to deal with deficits in twenty twenty one you know with whoever wins the national election whoever's in control of the of the Senate but the immediate crisis is to get an additional three point nine billion dollars the in twenty twenty one. Here's what the MTA is doing as it's part. Part of the solution in twenty twenty one. We expect to take over one point one billion dollars of expense out by controlling overtime by reducing or eliminating consultant contracts and reducing non-personnel Non Labor expense in our financial planning, our budget for twenty twenty one..

MTA Mr Pat Foy Senate John I Senate fund US dot Appropriations Committee House of Representatives Speaker Pelosi United States consultant Congress New York
"mta" Discussed on Second Avenue Sagas Podcast

Second Avenue Sagas Podcast

12:22 min | 2 years ago

"mta" Discussed on Second Avenue Sagas Podcast

"I'm joined by Nicolaas that Hatton institute were talking. Mta finances amidst the ongoing corona virus crisis as. We've seen the last week MTA. Ridership has tanked precipitously amidst a slowdown in the city. In anticipation of more orders for people to stay home and just the general unexpected nature of this public health crisis. We've seen ridership dropped by sixty percent with the New York City. As of the most recent numbers other cities are reporting ridership drops of eighty percent to ninety percent or more and the MTA. Recently put out a call for four billion dollars in federal in federal bailout because their finances are simply in the garbage right now. Nicole is an expert on MTA finances. She's going to join me to walk us through what's happening what the future holds for the MTA and it's already precarious budget and what we can expect to see in the coming weeks and months Nicole. Thank you for joining me today. Good morning thank you for having me on. I'm honored to be on the podcast. Although sorry it's under such difficult circumstances will have to reschedule a session under better circumstances later on Can you give everybody an overview of what's happening what's going on with the MTA? How does this ridership drop impact them? Sure if we had been talking perhaps early last week or the week before what we would have been talking about is a crisis that causes them to have a higher budget deficit in other words if they had seen a little bit of a ridership dropped off and if we had gone into a recession you know sort of like a run of the mill recession. Although guests no recession is all that run of the mill maybe they would have seen a drop off in tax revenues and a drop off in the fare box in toll revenues that might have done something like give them a half a billion dollar annual budget deficit on their seventeen billion dollar annual budget. Maybe IN WORST CASE SCENARIO BILLION DOLLAR BUDGET DEFICIT. So that would have been significant. But it wouldn't have been out of the ordinary in that the answer would have been service cuts perhaps new state tax revenues. You know all the normal things. Mta does when it gets into trouble but by this point we're looking at what is essentially a cash flow crisis so you can just forget about the annual deficit for the moment. This is more. Can they manage to take in cash in order to meet their ongoing expenses and just today they made their second material impact statement to their bondholders. They made one last week. They made another one just this morning. Very serious signal to bondholders. Essentially saying they're in a material event that could potentially cause them to not be able to pay their bonds that's why they have to tell the bondholders and they're essentially conserving cash. You know they can't. They can't go on with maintaining schedule in maintaining their cost will essentially not taking in very much cash at all and they gave us some new statistics on ridership subway ridership. Yesterday was down. Sixty percents of the commuter rail ridership on Yesterday was down sixty seven percent. Metro-north ridership was down ninety percent. So they're seeing a significant cut in their cashflow. How long could they go on like this? I did a little thing for the month of March the other day if they were to have the situation continue for the whole month of March that would cost them a billion dollars. If it went through April that would be two billion dollars and then we have no idea what ridership is going to look like. May June July August. So short story is that they are in what they call a very severe situation so I didn't even notice that they put out this update today. I'm looking at it now. They're saying a sixty percent drop in subway ridership. A fifty percent drop in bus ridership a ninety percent drop in a m peak usage for metro. North these are stunning numbers right now. Yep IN IT. It shows they You know any sort of social sociological perspective. Who can work at home? Who can't I mean? The Metro North Workers. Obviously ninety percent drop office because these are mostly white collar jobs until there is a lot of flexibility to work from home. It looks like from this bond statement to that the MTA is projecting in agency-wide revenue loss in excess of four point. Five billion dollars. I can't recall a situation where the MTA's finances have gone so S- out so quickly and one of the questions I have is. How much cash reserved they have? How can they continue to operate the system at the levels? They need to before they start running out of money not for Very Long. I think even just based on the ridership numbers. They're going to have to think about cutting back metro north and long island all railroad service but they say that they have liquidity resources which means money to service debt in provide Services of a little bit less than four billion dollars. But this isn't this starts to become basically borrowing to pay for operating resources. So what would this mean Things like taking away their resources. They've put aside to pay for future healthcare benefits to future retirees. So that's money that would have to be repaid Then they have a commercial line of credit about a billion dollars which they're actually going to take down on by Friday so when the when they are going to draw down their bank line of credit. That's a very serious signed to bondholders. It means that you know starting Friday. They'll essentially be borrowing a billion dollars to pay for operating expenses which is usually a very good idea so yes they have some cash that can get them through a couple of months but the It if this were to go on past you know mid April they would have to be thinking very seriously. About how much money do we want to send to the bondholders? In how much do we wanted to keep to provide essential services In now of course remember right off the top of their revenues. They are supposed to take the first twenty percent of that in in pay off their their bonds. Roughly Twenty Thousand Right. So what happens? After they draw down this line of credit they access their billion dollars. That really only takes them through about three or four weeks at most at current service levels. They can't really reduce service in a way that saves them money without a significant lead time based on the way their work shift picks or surreal. You're looking at a need to sustain levels spending for the next few months that they can't support with the money they have on hand. Yes in I think. Also the what happens after this crisis over has to be something that they they're thinking about in terms of revenue on the tax side and ridership because okay say everything works out in the best case scenario and everyone is back to work toward end of April and we can all move around freely in Hopefully not seen Terrible death toll from all of this. What is ridership look like over the summer? I mean our tourism is tourism. Going to come back. Are we going to have our global tourists in our domestic tourists back over the summer months? How many people will have lost their jobs? Unfortunately in so they will be taking subway. Bus and commuter rail how many people are going to have to save money so they won't be driving on the bridges tolls and paying into the toll. Revenue that subsidizes transit What are we gonNA do about congestion? Pricing may not an unclear thing so I think in asking for four Billion Dollars Pat. Foy IS SORT OF UNDERSTANDING. This may be the the. Mta's only chance to go to Congress if everybody has forgotten about this by summer in the MTA is left with significant cash crunch because of this and then they have to cut service even when things are recovered from the perspective of the coveted then that really harms regions recovery new worst case scenario. If they're running a Saturday service in the middle of the summer that really hampers the city's ability to get get its economy back up and running it certainly alarming to hear. The governor yesterday predicted that the peak of this was still forty five days away. I think that takes us well outside of the window the MTA is anticipating right now and that could lead to billions more losses On the bright side it does seem that the countries that have emerged from the other side of this are reporting fairly rapid economic recovery and somewhat of a return to normal. I guess there's a question with a New York. As to whether a lot of these businesses the bars and restaurants and the hotels have closed for. Now we're going to be able to reopen without so massive infusion of cash so we don't bring pictures very unsettled right now break in that goes to their tax side You know we we think about when we pay our subway fare or bus fare. Where paying for services. If this were a normal Martian this had never happened. They would've taken in about seven hundred fifty million dollars from fair in toll revenue. They would've taken in about nine hundred million dollars from taxes and from subsidies that city and state provide for various services like the city providing public. School Service So that would let them than they pay their expenses. They would had about one hundred million dollar cash balance leftover and that that sort of like these cash reserves that they they sort of keep an spend a little save a little bit on an ongoing basis but with a sixty percent drop in these revenues that would cause them a billion dollar deficit for the month in in a good deal. That attack side. In if if you think about what will the tax side? Revenues look like by summer. If you think about walking around Manhattan in all the bars and restaurants closed a lot of retail stores closed. The these are sales taxes payroll taxes because they get a little bit of the payroll tax from downstate every year Petroleum business taxes a lot of activity down probably lower tax revenue their mortgage related taxes if nobody is buying or selling property taxes really plummet until their tax bases obviously highly dependent on the downstate economy. It's interesting to see the statement. Say THAT PART OF THE MONEY. Requesting is three hundred million dollars for increased cleaning so it sounds like they're anticipating the need to maintain the level of cleaning. They've currently implemented to address the health crisis for the foreseeable future. Yeah I mean. They're they're workers have been out there doing heroic job in I'm not going to call it sanitizing. But they are. They're they're cleaning the system on a deep cleans on a regular basis now But yes I think you know for even if some of that is more like psychological than than really health-based if you if the purpose is to encourage people to get back on the subway buses and commuter rail starting four weeks from now six weeks from now eight weeks from now who knows. Then they're going to have to maintain doing that so that people feel comfortable using service. I know that there's a big concern to that if the MTA can't get this money so it looks like I've I've been reading through the the bond.

MTA Mta New York City Nicole Nicolaas Hatton institute Metro North Workers Manhattan Foy Congress
"mta" Discussed on 710 WOR

710 WOR

02:28 min | 2 years ago

"mta" Discussed on 710 WOR

"The MTA has my guy one four billion wow and that's just for this you know it has nothing to do with what they really need the money for us to fix up their ears lousy system here's the thing it is just pure economics if this goes on and it looks like it is going to at some point the U. S. treasury is just gonna have to start printing money just you print money any throughout their long term value yes you can it's been done before it's called teens in economics the problem though is long term with all that kind of phony money everywhere right then inflation when we get out of this guy relation comes roaring back and we're facing me at a rate of eighteen percent listed on seventy just got with key zero economic outlook at the appellation you know it sounds right he's because somebody called me from you know it's not what you say it's how you say what's pleasing about Milton Friedman and his glass consumption theory you put your finger on my entire career I can't I just I can't say it with authority people will believe it I'm gonna put my figure out nothing over there I mean it's not the time to worry about inflation don't get me wrong if you have to print money you have to print money but the long term effect of that will be inflation up we've never so that's called that's called Keynesian economics I learned something tonight telling you're writing it down right now how about the Dusenberry consumption theory I don't know that as well you have to be an economics major which I was I can't explain it to you but at least I could spot it off like I would've done it well that makes two of us now I know how you got these jobs for this guy to Broadway guys stay with us all morning folks may not be accurate but at least right coming up next how bout some social distancing for those costumed characters in Times Square we need some of that next W. O. R. traffic the L. he and Nelson counties pretty busy from what was that thirty seven it's a new Hyde Park Road exit thirty four it's going to brief spill in the center lane and what's your past that it's also heavy into queens Clearview to Francis Lewis Boulevard to crash on the shoulder also heavy Grand Central and Woodhaven Boulevard on going problem in north Bergen at one in nine at that is brought out new clothes both ways by Fairview Avenue all because of an accident investigation now heading for the inbound side that won us over by the stretch in the thirty eighth street and up to Hamilton Avenue that is very slow George Washington bridge link in the hall and they're all right around five minutes also inside the street parking rules they've been suspended through the week until March twenty fourth though the meter rules that still in effect you got to be that meter our next topic updates in fifteen minutes now.

MTA
"mta" Discussed on 710 WOR

710 WOR

03:43 min | 2 years ago

"mta" Discussed on 710 WOR

"The MTA's capital plan more information about when projects will be delivered and how much the cost outside MJ headquarters in lower Manhattan I'm scampering will double the authorities and right now we got some clouds out there fifty four degrees next up we have the forecast and stock market risk need a haven for retirement assets not earning cash flow of eighteen to twenty one percent targeted consistently national realty's classe buildings fund is prime income producing real estate your back by seven hundred fifty million dollars of quality new construction you receive monthly electronic cash flow payment your diversified with fifteen large building supporting you these prime building locations back you with hard money making assets remember no matter what type of market it's always a landlord's market just call for eighteen to twenty one percent targeted cashflow IRA and retirement asset investment national realty thirteen year track record and one point two billion dollars of assets under management proves it call to all one to ten twenty seven twenty seven two oh one to ten twenty seven twenty seven thanks to all one to ten twenty seven twenty seven and offer to buy or sell any securities only made by our private placement memorandum read it first and invest wisely past performance is no guarantee of future results nationals a real estate developer infirm see a set and our I eight dot net here's W. O. R. weather channel forecast clouds are going to stay with us into the afternoon up to fifty seven cloudy more showers expected overnight tonight low thirty nine cloudy tomorrow with a high of forty two and a good chance for rain or snow showers tomorrow night rains continue into Thursday Thursday side forty seven Richard wedding of the weather channel on seven ten W. O. R. this report is sponsored by the T. J. Martell foundation join the T. J. Martell foundation in the fight against leukemia cancer and aids your support helps facilitate cutting edge research that will lead to more effective treatments and save more lives visit TJ Martel dot org to learn about music's promise for a cure Wall Street is soaring today the Dow is up one point seven percent it's up four hundred eighty seven points to twenty eight thousand eight eighty six nasdaq up more than two percent up one hundred ninety five points right now the S. and P. is up fifty five points the news is brought to you by New York state department of health New York state of health the official health plan market place the enrollment deadline has been extended to Friday February seventh don't wait and roll today to enroll go to NY state of health dot NY dot gov that's NY state of health dot NY dot gov next news at two thirty breaking news it one star today would lumberman Michael real in the morning six to ten tomorrow morning I'm Jeff McKinney seven ten W. O. R. N. B. C. news radio station fifty five degrees now at two oh six thousand dollars could be as easy as sending one tax W. O. R. K. in your hand now takes the nationwide key word coffee to two hundred two hundred you'll get a confirmation text and info standard data and messaging rates apply in this nationwide contest bad coffee two hundred two hundred good luck from seven ten W. O. R. brought to you by come from away on Broadway this will come together come from the hit Broadway musical based on the remarkable true story get tickets now to this Tony Award winning sensation comfortable with receipts from ninety nine dollars now on the voice of New York seven ten W. O. R. it's the Rush Limbaugh show filling in for Rush Limbaugh ladies and gentlemen mark yes as you know rush is out today.

MTA
"mta" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:35 min | 3 years ago

"mta" Discussed on WNYC 93.9 FM

"At the MTA. It's a nineteen sixty style holding company with a nineteen sixties style mentality. We have to consolidate the functions at the MTA bring in a different culture make the board functional and operational. So we know that we're getting officiency from the the riders fair. But then we also need a long term funding stream that we can rely on. And I believe that's congestion pricing. The alternative to congestion pricing is really a fare increase. And it could be as high as thirty percent. I think that's wrong. I think it's wrong to further burden the writers and congestion pricing. Frankly taxes people who drive in. They're the ones who will pay the tolls. Most of them come from out of state out of state only one or two percent come from the outer boroughs. It's a luxury to drive into Manhattan is tremendous environmental costs at cetera. And I believe the totaling of on congestion pricing is a better way to fund the system. So let me read a little bit from the press release to give our listeners some of the details, and then ask you to comment on them. But says the MTA transformation plan would include a congestion pricing financing model electronic tolling devices would be installed on the perimeter of the central business district of Manhattan defined as the street, south.

MTA Manhattan thirty percent two percent