Today’s Headlines

  • Walder to Release MTA "Plan of Action" Within First 100 Days (News)
  • Chances Are It Won’t Include Free Crosstown Buses (Post)
  • MTA Spent $1.2M in Outside Legal Fees for TWU Arbitration (Post)
  • Schumer, Gillibrand Issue Tepid Obligatory Endorsements of Bill Thompson (NY1)
  • Friends Memorialize James Langergaard With Queens Blvd. Ghost Bike (News)
  • Fleeing the Scene Pays for Drunken California Drivers (BikingInLA via Streetsblog.net)
  • Pedicab, Yellow Cab Drivers Come to Blows in Midtown (Post)
  • Dormant for Decades, 19th Century Hudson River Bridge Opens to Pedestrians (NYT)
  • Boston Globe Warns of Pod People Invasion (via Planetizen)
  • Jay Leno Makes Fellow Celebs, Viewers Feel Good About Driving Fast (Wheels)

More Headlines at Streetsblog Capitol Hill

  • Larry Littlefield

    Keep your eye on this ball.

    http://www.marketwatch.com/story/potential-end-of-dollar-based-oil-deals-lifts-gold-2009-10-06

    “Gulf Arab states, along with China, Russia, Japan and France, are planning to put an end to dollar-based trading in the oil market, according to an exclusive report published Tuesday in the U.K. by The Independent.”

    “In place of the greenback, the nations plan to use a basket of currencies, including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar, the report said.”

    It was denied. But if the rest of the world wants to stick it to the U.S. in the wake of the Bush Administration and the global meltdown, this would do it.

    People in the rest of the world are increasinly ticked off about the priviliged position of the dollar, which they must hold to participate in trade even as it is debased because “Reagan taught us deficits don’t matter.” I think the fact that Chicago was eliminated in the first round of the Olympic voting is telling.

    If this bomb goes off, what has happened thus far will look like a walk in the park. Transit and intercity rail to save oil? We won’t be able to afford the oil needed to build it. And yet, any initiative which would impose any short term sacrifices to secure our long term indepenedence from this economic and national security threat (let alone the environmental threat) is thought a political loser.

  • Bill

    Last night, around 7 PM, WINS radio was saying that NJT trains out of Penn were all running 15 minutes late because of a high volume of passengers (no other explanation offered). I often listen to WINS transit reports and can’t remember hearing anything like this before. Whenever there are delays, they usually give a more specific explanation. Does anyone know what happened? It couldn’t have been just because a huge crowd of Rangers fans was going to the arena in Newark, could it?