Streams

Market

WNYC News Blog

Weekend Picks: Magnolias, Blue Herons and Fleas

Saturday, April 13, 2013

WNYC's news staff is hammering to get outside.  Here are some of their outdoor activity picks.

Read More

Comment

Transportation Nation

Car Share Parking Attracts an Unlikely Foe in San Francisco

Thursday, February 21, 2013

(photo by Guerilla Features/Jason Tester via flickr)

(San Francisco -- KALW) San Francisco's Board of Supervisors recently passed an ordinance to allow residential developers to add more parking spots to their new apartment buildings–- if those spots are dedicated for car-share programs.

The city considers itself a national leader in car share, and in 2011 it began reserving on-street parking for area nonprofit City CarShare.

So it wasn't a surprise when the ordinance, which was proposed by Supervisor Scott Wiener, passed unanimously. What surprised some was the opposition to it.

In a letter, Sierra Club secretary Sue Vaughan said the plan "will add to overall congestion and negatively impact the flow of transit and air quality.”

The Sierra Club says building more parking spaces -- even for car share -- violates the city’s Transit First policy. That's a 1973 initiative that puts public transit investment as the city’s top transportation priority, and is designed to discourage private automobile traffic.

Apartment parking is hot commodity in San Francisco– under the current rules, developers can only build one space per unit. But for many San Franciscans, that’s not enough. A quick search on Craigslist shows people renting their coveted spots upwards of $300 a month.

Now, the city is considering reducing that amount: a recent development on Market and Castro was allowed just one half of a parking spot per unit. The idea behind the restriction is to get people out of cars and into other methods of transportation, like Muni or biking.

Before the new ordinance, car-share spots counted toward the development’s maximum. For example, the planned building on Market and Castro has 24 units, so that means 12 parking spaces. If the developer wanted to add a car-share spot, it would have to be included in that 12. Under the new ordinance, they could add between two to five spots designated for car-share only, in addition to the 12.

Instead of making new parking spots for car-share programs, The Sierra Club suggested converting existing street parking spots. But Supervisor Wiener’s office countered by offering studies that show each new car share vehicle replaces between eight and ten private cars. In fact, a UC Berkeley study found that after signing up with a car-sharing program, almost half of households with a car got rid of their vehicle.

The San Francisco Supervisors hope that developers will take advantage of these new car-share spots. So do the city’s car-share members, who are seeing their usual spots at gas stations and open-air lots disappear as they get converted into buildings and other uses.

This isn't the first time the Sierra Club has taken a counterintuitive position. Last summer, the group opposed a regional transportation referendum in the Atlanta area that would have generated $3 billion in transit funding. The Sierra Club said that proposal didn't go far enough.  The referendum didn't get the majority it needed to pass.

Follow @IsabeltheAngell on Twitter.

Read More

Comment

The Takeaway

Why is the Cost of Beer Skyrocketing?

Thursday, May 26, 2011

We asked our listeners recently what is the one thing you can't live without. One Takeaway listener, named Mike said, "I absolutely could not live without ice cold beer. God bless America!" Indeed, God bless America, where if you're a beer drinker like Mike, you might find the cost of your pint going up. Is that because of the rice in global food prices? Or an increased supply because of down in the dumps recession times?

Comment

The Takeaway

Gold Hits All-Time High on Inflation Speculation

Thursday, April 07, 2011

Wednesday, the price of gold hit an all-time high, costing buyers over $1450 per ounce. Part of the reason for the rise in price is a fear of inflation, uncertainty about the situation in the Middle East, and the weakness of the U.S. dollar and the Euro. But another factor driving up the price of gold maybe its biggest buyers: India and China. Why is the price of gold so high, and who is buying? We learn more about gold and the current commodities market from Louise Story, Wall Street and finance reporter for The New York Times

Comment

Features

Tasty Browsing: New Eats Up For Grabs at the Brooklyn Flea in Williamsburg

Friday, April 01, 2011

The Brooklyn Flea starts spring off right this weekend with the inaugural opening of its second location on the Williamsburg waterfront. See a slideshow of new food for sale at the Will'burg spot.

Comment

WNYC News

Financial 411: Impact of Japan Crisis on US Economy

Thursday, March 17, 2011

General Motors said it will close a factory in Louisiana because of lack of parts from earthquake and tsunami-stricken Japan. We'll also talk about the ramifications for the U.S. economy.

Comment

WNYC News

Financial 411: Markets React to Japan Crisis

Friday, March 11, 2011

The massive 8.9 earthquake off the coast of Japan and the tsunami that followed have killed hundreds of people and disrupted businesses across the nation.

Comment

The Takeaway

US, World Markets Jittery

Wednesday, May 26, 2010

Stock markets around the world seemed jittery yesterday: The Dow Jones industrials dropped briefly below 10,000 before making up most of their loss. Since a recent high in April, the Dow has dropped nearly 12 percent. What does this number indicate about our economy? Is the market the end-all-be-all measurement of how our economy is doing?

Comment