• The failing NYC subway spends its money on opulent station makeovers, ski resorts, and $300,000 salaries for some employees

    21 days ago - By Business Insider

    New Yorkers love to hate on the subway.
    The New York Times investigated the subway system's particularly awful record for 2017.
    It found a series of financial issues, and pointed to the MTA's money woes caused by fiscal mismanagement and pandering to unions.
    New Yorkers constantly gripe about the Metropolitan Transportation Authority -run subway system. But 2017 was particularly egregious.
    A subway car derailed injuring 39 people, an F train got stuck underground for almost an hour without air conditioning during the summer, and a track fire caused widespread delays.
    The New York Times...
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  • A New York Times investigation reveals why the NYC subway system is such a mess

    A New York Times investigation reveals why the NYC subway system is such a mess

    21 days ago - By Business Insider

    The New York Times published an investigative report on Saturday that explained why the New York City subway system has become increasingly unreliable.
    The report found that a combination of decreased funding, financial mismanagement, and generous union deals contributed to the subway system's declining performance.
    Just 65% of trains reach their destination within five minutes of their expected arrival on weekdays, which is the lowest rate among any major metropolitan rapid transit system, according to the report.
    Using the New York City subway system can be a frustrating experience, a...
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