Word: metro
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...result - since expensive houses tend to sit next to other expensive houses - is certain neighborhoods practically become no-sale zones. Rich Toscano, a financial adviser at Pacific Capital Associates in San Diego, crunched listings data for his metro area and found that while sales for the 20 most-expensive zip codes were down 8% in May, compared to a year ago, sales in the 20 cheapest were up 37%. Try to sell a house in Chula Vista and you're good to go - but don't expect much luck in La Jolla. Of course, what houses are selling...
That generalized fear was expressed in various ways by various people at the service, which became an international media sensation when it hit Louisville's mainstream press early this month. Pastor Ken Pagano, a former Marine and a volunteer chaplain with the Louisville Metro Police Department, suggested the idea more than a year ago when the church board was brainstorming ways to expand its outreach...
...Metro is hardly the only one in the U.S. with an aging fleet. Public-transit advocates in many major cities face a similar problem: an aging, underfunded transit system struggling to safely ferry ever larger numbers of riders. "This does draw attention to the fact that we need to invest a lot more in our transit system," says Deron Lovass, the federal transportation director for the Natural Resources Defense Council (NRDC). "Our highway system is world class, but we've neglected public transit along the same way." (See pictures of Washington...
However, that money is found nowhere in the federal budget - and not even in the stimulus bill, which dedicated more than $8 billion to transit capital improvements. In Washington, Metro officials said they have wanted to replace outdated cars, which make up more than a quarter of the total system, but couldn't for lack of funds. "The Metro, like most of our larger public-transit system, has suffered from a lack of public resources," says David Goldberg, the communications director for the transit advocacy group Transportation for America...
...aging, it's worth noting that it is not unsafe - crashes like the one in D.C. are an anomaly, and statistically, riding a train is far safer than driving. Still, failing to shore up transit is an invitation to risk, and while accidents may be infrequent, as the Metro crash may show, they can be deadly...