Second Avenue Subway extension to the Rockaways proposed by city council member

NY.CURBED.COM

Getting from Manhattan to Rockaway Beach isn’t exactly an easy commute via public transportation. There is the A train, which runs from Inwood all the way down Manhattan’s west side before traveling through Brooklyn and finally through Queens; and then there is the LIRR, but if you’re on the Upper East Side, things get a little tricky.

According to Metro, Queens City Council member Eric Ulrich has put forth an ambitious (and nearly impossible) idea to extend the Second Avenue Subway to Rockaway Beach, using the Long Island Rail Road’s Atlantic Avenue station as a connector to the defunct LIRR’s Rockaway Beach line.

The idea to extend one of Manhattan’s subway line’s to the Rockaways isn’t new and has been studied since the 1960s, however, the consensus has always been that it would be too costly to carry out. While an extension would be convenient to many if actualized, the cost and amount of time it would take to get such a project complete, alone make it virtually impossible to carry out. After all, Phase 2 of the Second Avenue Subway, which would extend the line to Harlem and add three new stations at 106th, 116th, and 125th streets, is projected to cost around $6 billion, which most people agree is too expensive.

Another problem with Ulrich’s idea is that it would require the LIRR to turn over the Atlantic branch to NYC Transit, making things inconvenient for riders who depend on the LIRR to get to Downtown Brooklyn and the Financial District.

Can this line be shared?????

It’s safe to say this one will remain a mere pipe dream.

Extend the Second Avenue Subway to the Rockaways? [Metro]

As Second Avenue Subway prepares for its debut, cost of phase two is scrutinized [Curbed]

SO WHAT HAPPENED TO GENERAL ELECTRIC? PART 7 (YEARS 2007-2009)

Special Guest Blog By Ken Kinlock

(Photo of Jeffrey Immelt from 2009 Annual Report)

Time magazine called this era “The Decade From Hell,” and “when you are going through hell,” Winston Churchill advised, “keep going.”

As we navigated these uncharted waters, we had several goals:
(1) keep GE safe and secure;
(2) execute and position our infrastructure businesses to perform through the cycle;
(3) create financial flexibility;
(4) and protect the GE franchise and brand.

GE built leadership franchises in Energy, Oil & Gas, Healthcare, Aviation, Transportation, Water and Consumer Products. GE has grown our earnings by almost 10% annually for two decades with high returns and strong cash flow.

GE is repositioning GE Capital as a smaller and more focused specialty finance franchise. GE’s competitive advantage is in value-added origination and risk management.

Reducing GE’s ownership stake in NBC Universal (NBCU) was a
difficult decision, but it offers important benefits to the Company.

GE expects 2010 earnings to be flat with 2009. In 2011 and beyond, we expect GE to generate solid earnings growth, even if the economic recovery is uneven. GE will achieve this growth while generating substantial “free cash” that could further enhance investor returns.

GE wants to help lead an American growth renewal. GE is investing
more in technology than at any time in company history. GE is rebuilding manufacturing capability. GE is one of the country’s biggest exporters, with $18 billion in export-related revenue.

(In millions) 2009 2008 2007 2006 2005
Revenues
Energy Infrastructure $ 37,134 $ 38,571 $ 30,698 $ 25,221 $ 21,921
Technology Infrastructure 42,474 46,316 42,801 37,687 33,873
NBC Universal 15,436 16,969 15,416 16,188 14,689
Capital Finance 50,622 67,008 66,301 56,378 49,071
Consumer & Industrial 9,703 11,737 12,663 13,202 13,040
Total segment revenues 155,369 180,601 167,879 148,676 132,594
Corporate items
and eliminations 1,414 1,914 4,609 2,892 3,668
Consolidated revenues $156,783 $182,515 $172,488 $151,568 $136,262

Segment profit
Energy Infrastructure $ 6,842 $ 6,080 $ 4,817 $ 3,518 $ 3,222
Technology Infrastructure 7,489 8,152 7,883 7,308 6,188
NBC Universal 2,264 3,131 3,107 2,919 3,092
Capital Finance 2,344 8,632 12,243 10,397 8,414
Consumer & Industrial 400 365 1,034 970 732
Total segment profit 19,339 26,360 29,084 25,112 21,648
Corporate items and
eliminations (3,904) (2,691) (1,840) (1,548) (372)
GE interest and
other financial charges (1,478) (2,153) (1,993) (1,668) (1,319)
GE provision for
income taxes (2,739) (3,427) (2,794) (2,552) (2,678)
Earnings from
continuing operations 11,218 18,089 22,457 19,344 17,279
Earnings (loss) from
discontinued operations,
net of taxes (193) (679) (249) 1,398 (559)
Consolidated net earnings
attributable
to the Company $ 11,025 $ 17,410 $ 22,208 $ 20,742 $ 16,720

The remainder of the 2009 Annual Report is available EASILY:
https://www.ge.com/ar2009/pdf/ge_ar_2009.pdf