Penn Station at rush hour is a din of train roars and the constant barking of a metallic PA system. A wall of commuters watch the boards to see what track their train comes in on. Once the train is called there is a mad rush down the stairs to find a seat.
In past strikes all 300,000 of these commuters would crowd the highways and bridges into Manhattan. Either that or risk losing their jobs. But there is a big difference between the last strike in 1994 and this week.
“Today we have laptops. So I'm working from home for the whole strike.”
Connecticut Governor Dannel Malloy is defending his administration’s use of the state’s special transportation fund. Malloy responded on Tuesday to a White House report on transportation investment that prompted criticism from Republicans.
New York State is getting $182 million as part of a $7 billion settlement against Citigroup.
The long awaited deal between federal prosecutors and Citigroup settles allegations that Citi knew it was selling mortgage-backed securities that were about to go bad, but said nothing about it to investors.
Citi is the second bank to settle with the government to avoid a lawsuit. In 2008 Citigroup received $45 billion in federal bailouts. They did not plead guilty in today's settlement. Citi shares jumped today with news of the settlement and a strong earnings report.