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NYC Subway, Bus Services Have Entered 'Death Spiral,' Experts Say
 

NYC Subway, Bus Services Have Entered 'Death Spiral,' Experts Say

An anonymous reader quotes a report from The Guardian: Officials at the Metropolitan Transportation Authority (MTA) warned last week that without a major infusion of cash, [New York City's subway and bus services] will have to drastically cut service or increase fares on the system that carries millions of New Yorkers around the city. The system's financial straits have gotten worse in part because it has fewer riders, and is collecting less money in fares. Expected passenger revenue over a five... read more

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