Friday’s Headlines Are Drowning in Debt
Regulators believe some auto lenders are setting up used-car buyers to fail. Auto debt has reached $1.5 trillion, a 28 percent jump since 2020.
- Wall Street is increasingly foisting unsustainable debt onto used car buyers, with more subprime borrowers behind on their loans than any time since 2017. (ProPublica)
- Transportation for America thinks we should be focusing on both electric vehicles and reducing driving overall.
- The United Autoworkers union could go on strike at any time as automakers that are losing money on EVs seek to cut labor costs. (The New Republic)
- Multifamily developments can use onsite car sharing to reduce parking and congestion. (Australian Broadcasting Corp.)
- With bus drivers in short supply and the financial constraints on transit agencies, are driverless buses inevitable? (Human Transit)
- Journalist Brian Potter joined The Ringer's "Plain English" podcast to discuss why it's so expensive to build things in the U.S. these days (spoiler alert: too much red tape and a lack of innovation).
- Many pandemic-era pedestrian zones like those in Indianapolis and Portland, Maine, are here to stay. (National League of Cities)
- After two failed votes on a penny transit tax and joining MARTA, Gwinnett County, Atlanta's most populous suburb, will try again in 2024. (AJC)
- WCNC interviewed Charlotte Mayor Vi Lyles about Vision Zero.
- Lexington, Kentucky, is seeking public input on its complete streets initiative. (WKYT)
- Sidewalks are important not just for getting places, but for building communities. (CNU Public Square)
- Car trips have fallen by more than half in the 24 years since one Spanish city started restricting cars. The results have attracted new residents and stimulated the economy. (Fast Company)
- Seoul is offering unlimited-ride transit passes for the equivalent of $49 a month. (Hankyoreh)
- Some Scotland officials want to use congestion pricing to fund transit. (The Herald)
- As if cyclists weren't in enough danger, now they're being chased by coyotes. (Alberta Prime Times)
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