Monday, July 28, 2014
There's been a 130% increase in the number of loans to people with poor credit scores to buy used cars since the financial crisis. Michael Corkery discusses his investigation for the New York Times, the risks for banks and investors, and how these loans have amounted to disaster for many low-income borrowers.
TN MOVING STORIES: Cubans Now Allowed to Buy and Sell Cars, California Facing $293 Billion Transpo Shortfall
Monday, November 07, 2011
By Kate Hinds
Top stories on TN:
NYC subway riders worry that service is sliding backwards to 1970's standards. (Link)
Do residential parking permits have unintended consequences? (Link)
The mayor of Detroit promised striking bus drivers safer working conditions. (Link)
Cubans are now allowed to buy and sell cars for the first time in half a century. (New York Times)
California faces a $293.8 billion shortfall over the next decade to maintain its crumbling roads, outdated freeways and cash-strapped transit agencies. (Mercury News)
Private equity firms are investing in used-car lots, which "focus on people who need cars to get to work, but can't qualify for conventional loans." (Los Angeles Times)
The new head of the MTA must convince Albany to fund capital needs and increase transit funding if he wants to move the agency forward. (Crain's New York Business)
A Senate committee marks up the highway reauthorization bill this week. (Politico - Morning Transportation)
The head of the TSA will be on the hot seat before a Senate committee this week, where he'll face questions about security procedures. (The Hill)
A judge rejected Minnesota Public Radio's lawsuit over the Central Corridor light rail project; the station had claimed the rail line would disrupt broadcast operations. (St. Paul Pioneer Press)
New York City will be putting more benches around town. (WNYC)
A digital artwork installation is temporarily on display at the Union Square subway station. And: it moves when you do. (NY1)
A bicycle recycling group often hits paydirt in the basement of NYC apartment buildings. (New York Times)
More on Seattle's sperm bike from NPR.
TN Moving Stories: Predatory Auto Lending Scams, Ohio Pulls Funding from Cincy's Streetcar Project, and Weird Items People Try to Fly With
Tuesday, April 12, 2011
By Kate Hinds
Ohio has pulled nearly $52 million in funding for Cincinnati's proposed streetcar project. (Cincinnati.com)
DC's Metro says a new report shows that an increase in peak fares has not stopped riders from using the system (WAMU).
State and local officials in Virginia have taken the next steps in their fight to block a plan to build a new underground metro station at Dulles airport. (WAMU)
Gas prices are up 40% over last year, and economists are debating the effect on consumers. (NPR)
So are drivers buying less gas? Or are fuel-efficient vehicles partially responsible for a slowdown in gas sales? (Marketplace)
The Center for Public Integrity investigates predatory auto loans -- the same scams outlawed by Congress after the mortgage crisis.
ProPublica reports that natural gas might not be cleaner than burning coal.
The New York Post says a new study contradicts the NYC DOT's cycling numbers.
New York's MTA sometimes uses regular subway cars --with passengers on them -- to haul garbage. (NY Daily News)
Virgin Atlantic blogs about the strangest items passengers have tried to pass off as checked baggage, including bathtubs, dead cows, and a bag of cutlery previously stolen from another Virgin Atlantic flight.
Top Transportation Nation stories we're following: The US DOT conducts surprise bus inspections -- and finds that one in 10 are unsafe. A budget deal is made -- and the slashing isn't just for high-speed rail. The Willis Avenue bridge makes its final journey. Bikes are now used to sell bridal wear. And: the San Francisco Bay Area's most dangerous transit mile.
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