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Can Living Near a Train Station Save You from Foreclosure?

Researchers looked at mortgage defaults in three cities and found something curious -- the chance of foreclosure is higher in neighborhoods more dependent on cars, according to a report by the Natural Resources Defense Council, which included data from Chicago's Center for Neighborhood Technology. The report examined 40,000 mortgages in Chicago, Jacksonville and San Francisco.

Muni Operators Reject Concessions

Muni operators resoundingly rejected on Tuesday a package of negotiated labor concessions intended to save nearly $15 million in operating expenses over two years - money intended to stop a proposed increase in discounted passes for seniors, youth and the disabled and to blunt service cuts, according to the agency's top official.

Airlines Cancel Flights Before Storms Arrive, and E-Mail the Passengers

This winter, carriers have increasingly chosen not to gamble and are canceling flights before snow begins to fall. They can then communicate with passengers earlier to allow them to change their plans without penalty, possibly getting out of town before bad weather arrives or skipping a trip altogether....Though the airlines lose money when they cancel flights, they can potentially lose more if they keep flying and risk having snowbound crews and planes out of place once the storm passes.

Much-Delayed Bay Bridge Retrofit Feels Growing Pains

As the price tag climbs into the billions and commuters face re-routes and higher tolls, the Bay Bridge rebuild is crawling along, beset by cost overruns, largely because of the complicated and untested design of a short but visually striking stretch of the 4.5-mile crossing....The eastern span, on the other hand, is being replaced — and the project is running a decade behind schedule and up to $4 billion over budget compared with 2001 estimates, according to the project’s latest financial update.


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