Driving is more expensive than you think

first_img Tough days for MBTA Related Cheaper estimate for Boston rail link As president, Trump wants to rebuild America’s core; here are the likely smooth roads and potholes ahead Through the Bloomberg Harvard Initiative, student fellows help mayors to improve lives Storms revealed system’s problems, but also its import to area, analyst says; now comes the hunt for solutions Our crumbling infrastructure Faculty and staff save resources while setting an example for health and wellness A summer of service to cities The path to sustainable commuting If you think the cost of driving is borne only by individuals who own cars, you may want to think again.And you might be surprised just how pricey it is.A team of graduate students at the Harvard Kennedy School estimate that the annual price tag for maintaining Massachusetts’ car economy is roughly $64.1 billion, with more than half of that coming from public funds. While they didn’t perform an analysis for all the states, the group notes that the cost structure would be similar.“This is a huge number,” said the paper’s lead author, Stevie Olson, M.P.P. ’20. “It’s unexpected because the majority of drivers, citizens, consumers experience roads for free. You just drive out your parking lot, your driveway, and you’re on the road. No one’s charging you, but there’s all of these costs that are both public costs, indirect externalities that are also costs, and then private costs that people are incurring.”The paper, which the students wrote as part of an applied lab course, found that costs are diffused across a number of areas and involve things people don’t often consider. Beyond those for individual drivers, road maintenance, snow removal, and policing, there are less-obvious ones, such as those associated with added pollution, value of land set aside for parking lots, lost productivity from sitting in traffic, and various costs associated with injuries and deaths on the road.Using publicly available data, the authors put the annual public tab at $35.7 billion, which amounts to about $14,000 for every household in the state. Those that do own vehicles pony up an additional $12,000 on average in direct costs.The authors say their goal is to demonstrate the total costs of driving so that information can be used for comparison when held up against other types of transit investments, like bus, subway, and train systems.,“If you think about it as an equation, this is a variable that has not been in the conversation, and it’s something that should we be considering as we think about what is the best way to provide transportation options to the public,” said Linda Bilmes, the Daniel Patrick Moynihan Senior Lecturer in Public Policy at the Kennedy School.“We’re not trying to say that cars are bad or that we don’t need roads,” said Bilmes, who oversaw the study. “We’re just trying to say that if we think about the overall cost/benefit analyses around transportation when it comes to this conversation, not only is there a cost to the vehicle economy, but the cost is actually larger than we may have realized.”For example, “When we think about the cost of investing in public transportation, we tend to think about it as if the alternative is free, as if we are spending several billion on the North-South Rail Link [a project connecting the Massachusetts’s largest railroad stations] as opposed to not spending any money,” Bilmes added.The study was written as part of Bilmes’ “Greater Boston Applied Field Lab,” which provides students experiential learning opportunities working with state and local government. The lab takes on external clients who pose real-world questions relating to finance and operations. Massachusetts Rep. Seth Moulton ’01, M.P.A./M.B.A. ’11, suggested the study and helped connect the graduate students to officials in his district.“I asked for this study because we lead the country in bad traffic, and the best solution to that problem is building a reliable, regional, electrified rail system,” Moulton said in an email. “But, a lot of people point to the cost of a rail system as the excuse not to do it. They advocate for wider roads and other short-sighted fixes, but the truth is we pay massive amounts to subsidize car travel and don’t even know it. Professor Bilmes and her students finally put a price tag on driving.”In the paper, the students broke down the total costs into three buckets: direct budgetary costs, indirect social and economic costs (which include many of the more intangible costs), and private costs. The first two buckets make up the $35.7 billion the public pays and the third bucket is the additional $28.4 billion car owners foot. It accounts for driver expenses like gas, regular maintenance and repair, depreciation, and financing.To get these figures students worked with the mayor’s office from the city of Lynn to average what the city spends on roads over five years. They then used that data to estimate what the state’s other 351 municipalities spend. The team also went through the overall state budget and those of various agencies like the Department of Conservation and Recreation to calculate all the money going to roads. Students also spoke to a number of scholars and experts in the vehicle economy to determine the most reliable statistics to use in their calculating model for figures not in the budgets they looked at.The authors, some of whom have graduated, hope their model will be recreated in other states.“While the $64 billion cost applies to Massachusetts, the costs of the vehicle economy are similar across states,” Olson said. “The price tag for this infrastructure is big in every state, and you can imagine collectively as a nation that the total is huge. We can use the study to think about urban travel, such as in a metropolitan area, but we can also use it to start thinking about interstate travel. The study illuminates tradeoffs that we make when investing in transportation infrastructure, and, rather than think of roads as free, we need to realize that significant resources go into the operation of the motor vehicle economy.”“We need leaders in our state who look beyond the cars in front of us to make smart decisions about our transportation future,” Moulton said. “This study will help us do it.”The Greater Boston Applied Field Lab (MLD-412) operates with support from the Rappaport Institute for Greater Boston, a University-wide entity housed at the Harvard Kennedy School that was founded and funded by the Phyllis and Jerome Lyle Rappaport Charitable Foundation. Cost of tying together North and South stations could be under $4 billion, Kennedy School study says The Daily Gazette Sign up for daily emails to get the latest Harvard news.last_img read more

Seven reasons to provide your members with mobile apps

first_imgby: Robb GaynorIn order to keep up with the evolving trends of modern technology, it is important to maintain a strong place in the market by keeping your members satisfied. If you are not innovating, you are falling behind. There are seven reasons why credit unions should provide mobile apps:Generate a return. Mobile banking can be used to drive revenue for credit unions. Expedited payments and P2P payments are features that can both generate fee revenue, as they provide the convenience that consumers and businesses crave. Mobile can and does provide convenience, so credit unions can charge for it.Cross-selling. The mobile channel can be used to cross-sell other products and features within the mobile banking app, as well as inform your business and consumer members about your credit union. In fact, the ad space in an app can generate up to a 12%-15% “touch-through” rate.  Mobile ads and messages are much more engaging than their Internet banking counterparts. Whether you are featuring a high-interest savings account or CD or simply informing consumers and businesses about your community involvement, mobile ads engage end-users and can be used to help build a solid ROI for the channel.Save money. Mobile banking cuts costs. Simple examples, such as mobile check capture, lower transaction and processing costs for credit unions. By moving expensive activities to the mobile self-service channel, lower costs are attainable. Other examples, such as moving an end-user to mobile e-statements on an iPad, will also realize cost savings by taking out production costs. The more members who use mobile, the more savings can be attained. continue reading » 17SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

INDOT announces Ripley County road work

first_imgRipley County, Ind.— The Indiana Department of Transportation has awarded a $808,000 contract for drainage improvements on U.S. 50 and U.S. 421 Ripley County, work is expected to begin this fall.Aurora-based Paul H. Rohe Company will replace a three-sided concrete box culvert under U.S. 50 under Caesar Creek east of County Road 525 South. Motorists can expect single lane traffic controlled by a traffic signal at either end of the construction area. That section of U.S. 50 reportedly handles about 6,200 per day.Next spring, the same contractor will replace a concrete culvert on U.S. 421 about 14 miles north of State Road 250. The project will be done one lane at a time as well. Officials estimate 3,700 vehicles per day use that section of the highway.last_img read more

Italian Serie A Review (Sunday): 10-man Juventus Thrash Udinese; Milan Falter While Capital Clubs…

first_imgRelated Italian champions Juventus gave one of the best performances of the new Italian Serie A season as they thrashed Udinese 6-2 at the Stadio Fruili despite playing the majority of the game with 10 men after Mario Mandzukic was sent off in the first half for two quickfire yellow cards.Germany international midfielder was surprisingly the hero for the Turin giants as he netted a hattrick in addition to further goals from Daniele Rugani, Miralem Pjanic and an own goal from Udinese player Samir.AC Milan’s wretched start to the season continued after they played a goalless draw at home to Genoa. They finished the game with 10 men after club captain Leonardo Bonucci was sent off.The capital clubs namely Lazio and AS Roma have had a good start to the season and that continued on Sunday after respective wins over Cagliari and Torino.Ciro Immobile (2) and Bastos got the goals for Lazio in a 3-0 home win over Cagliari while former Manchester City defender Alexander Kolarov netted the only foal of the game in a 1-0 win at Torino. Results:Chievo Verona 3-2 Hellas VeronaAtalanta 1-0 BolognaAC Milan 0-0 GenoaLazio 3-0 CagliariTorino 0-1 AS RomaUdinese 2-6 JuventusBenevento 0-3 FiorentinaSPAL 2013 0-1 SassuoloTop Four:Napoli 25 pointsInter Milan 23 pointsJuventus 22 pointsLazio 22 pointslast_img read more

La Liga 2019 Atletico Madrid vs Valencia Live Streaming: When and Where to Watch Live Telecast, Timings in India, Team News

first_img atletico madriddiego simeonefootballla liga First Published: October 19, 2019, 2:47 PM IST Get the best of News18 delivered to your inbox – subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what’s happening in the world around you – in real time. One of the more anticipated games over the weekend, Atletico Madrid versus Valencia will take place at the Wanda Metropolitano on Saturday. The La Liga 2019 Atletico Madrid vs Valencia will commence at 7 pm. While Diego Simeone’s team have not done spectacularly well — scoring just seven goals in eight games, Atletico still sit comfortably on the fourth position in the table, three points shy off the top.However, one has to consider the fact that Atletico already has seen considerable changes in their team with key players such as Rodri Hernandez, Diego Godin and Juanfran moving on and new players coming in. Valencia, on their part, continue to adjust post the sacking of their coach Marcelino García Toral. Since then, Albert Celades has taken charge and is now unbeaten in his last four games. The team, however, had to taste defeat at Barcelona on their opening game. Valencia sits at the eighth position in the table, with three points less than Atletico and will look to further their position in the table with wins over the weekend.While Atletico will be without their midfielder Vitolo following a hamstring injury and full-back Sime Vrsaljko being sidelined with a knee ligament damage, Valencia too, have their own set of problems. Carlos Soler is set to be out for some time, while Jose Gaya and Kevin Gameiro are both nursing hamstring problems. Furthermore, Cristiano Piccini will be out of action until 2020 as well.La Liga 2019 Atletico Madrid line-up vs Valencia: Oblak; Trippier, Jimenez, Savic, Lodi; Saul, Partey, Koke, Felix; Morata, CostaLa Liga 2019 Valencia line-up vs Atletico Madrid: Cillessen; Wass, Garay, Gabriel, Costa; Coquelin, Parejo, Cheryshev, Guedes; Rodrigo, GomezWhere to watch La Liga Atletico Madrid vs Valencia live in India?Atletico Madrid vs Valencia will commence at 7.30PM on Saturday, October 19. The La Liga 2019 Atletico Madrid vs Valencia match will be played at the Wanda Metropolitano. The La Liga Atletico Madrid vs Valencia match live telecast will be on Facebook.How and where to watch online La Liga 2019 Atletico Madrid vs Valencia live streaming?The Atletico Madrid vs Valencia live stream will be available on Facebook app and facebook.com website in India. last_img read more