The mayor said preliminary data suggested that the experiment was a success. But the program brought in far more money than predicted, which critics called proof of failure.
Tag: Prices (Fares, Fees and Rates)
Fact-Checking the Republican National Convention on Energy Claims
Several speakers focused on the sharp rise in gas and electricity prices under President Biden. We scrutinized their statements.
Myanmar Shop Owners Are Being Jailed for Increasing Wages
Myanmar’s junta, facing a growing popular rebellion, has plunged the country into economic crisis, reversing gains from a decade of civilian leadership.
Gilead Shot Provides Total Protection From HIV in Trial of Young African Women
An injection given just twice a year could herald a breakthrough in protecting the population that has the highest infection rates.
Nigeria Confronts its Worst Economic Crisis in a Generation
People in Africa’s most populous nation are suffering as the price of food, fuel and medicine has skyrocketed out of reach for many.
Japan’s Tourism Surge Leaves Some Residents Frustrated
The country has politely handled travelers for years, but as international visitors spill into previously untouristed spots, some residents are frustrated.
European Central Bank Cuts Interest Rates for the First Time Since 2019
The quarter-point reduction comes as inflation in the eurozone cools, prompting the E.C.B. to move before the Federal Reserve in the United States, where rates remain high.
After Billions of Dollars in Losses, Canada Post Warns It May Run Out of Cash
While the post office considers plans to revamp its business model, any major fixes are likely to be politically vexing.
U.K. Inflation Falls to 2.3%, Lowest in 3 Years
The decline, which was less than economists expected, is nearing the Bank of England’s 2 percent target.
F.T.C. Clears Exxon Mobil’s Acquisition of Pioneer Natural Resources
The Federal Trade Commission will bar Pioneer’s chief executive, Scott Sheffield, from joining Exxon’s board, saying he colluded with OPEC to reduce oil production.